This is a YouTube video titled "💫 Getting Your Offer Accepted 💫" containing a single-speaker discussion from November 2, 2021, about strategies for competing in a competitive housing market, including negotiation tips and the impact of rising home prices and interest rates.
The average home in the market today has four offers on it, and one of those is waiving the appraisal. So it's all about how do we compete with that? Keep in mind, every additional thousand dollars on a purchase price of the home only bumps your payment $5 a month. So you can get a little bit creative there in negotiating with the seller and learn from other people. We have had many buyers that months ago missed out on a close deal with the seller, and now homes are just out priced for them as interest rates are going up as well. Home prices are going up 1% a month. That $200,000 house today is 202 next month, 204 the month after that. Submitting a close deal today is really costing people a lot in the long run.
