Quote:
Originally Posted by raggedy-andy
So we're down in Lakewood Ranch, hedging on whether we sell in '25 or wait it out and delay gratification until the Fed gets its head on straight and brings interest rates back toward prior levels. No agent here is talking about anything below 6%, and aren't inclined to do much if you want to go lower.
The problem is inventory. Suppose you have two similar homes, but one is paying a 3% buyer commission, while the other is paying 2%. Agents being what they are will steer you away from the 2% home toward the 3% because they'll get more money. Despite what the new rules say, it's still the same game. On the bright side, we're still sitting on a sub-3% mortgage, so the incentive to sell is lessened with rates and pricing where it is. |
The Fed's head is on straight. If one wants free money they should save and use their own money. Prior levels were in the 5-8% range until recession mess they needed to avoid.
The best deal yet in selling a home is For Sale By Owner, unless the it is a complicated property with unusual easements, questionable property line or that type of thing.