Peninsula Real Estate Update
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* The next 2 months are going to be slow and filled with opportunities for buyers
* Many buyers have paused their search due to rate increases
* Buyers with financing are moving to adjustable-rate mortgages
* Cash buyers are buying more homes and taking advantage of the opportunities
* Off-market listings are increasing
* Off-market price reductions are happening on relocation properties
* Sellers who have to sell now are taking price reductions if a property is not selling
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* Buyers should stay active in their home search
* Watch for homes that you love which are within 5-10% above your price range and are sitting on the market
* Understand that mortgage rates will adjust over time and refinancing to a lower rate in the future is a strategy to consider
* We can keep you updated on off-market opportunities and coming price reductions so you can be proactive in your search
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Uniting To Better Serve You 33 Years Of Real Estate Experience | 200+ Transactions
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