If you thought higher interest rates would slow down the real estate market, you were wrong.
At the end of 2022, the market in the Omaha area did slow down quite a bit.
But, things have picked back up.
Here's a text from two weeks ago.
I’ve written a dozen offers in the past month. Every home except one had multiple offers.
In a couple of those cases, there were over 10 offers.
Homes are going over asking price - by a lot.
If you are thinking of buying a home in this market, make sure you do these three things:
- Get pre-approved, you need to know how much you can afford. Plus, your offer won’t get accepted without pre-approval.
- Save money! The more money you can put down on a home, the more competitive your offer will be.
- Don’t look at homes at the top of your budget. If you can afford a $300k, you should be looking at homes around $275k. Yes, homes are going $25k over asking price again.
Please reach out if you are thinking of buying (or selling). I’m happy to answer any questions or walk you through additional strategies to compete in this crazy market.
