Real estate sales are in transition. The last few years created a real estate market that has never been seen before. Cash offers over the listing price on the property sight unseen are winning. Electronic closing with online transfers becoming a norm. Yet beware. We have all heard of situations where funds were wired right out of the country and into a criminal safe haven on one of the islands or to Russia.
Never has the competition been greater in real estate negotiations. Consider that on the first day of a listing, I showed it to a client. We wrote an offer and got there by end of the day. There were two other offers on the table this first day. Minutes before my offer got to the agent, the property had gone under contract. Later seeing the sold information, my client’s offer was better as it was cash with no contingencies. Wow, this market is still hot here in Maine.
If you are on the fence about buying or selling real estate now. Now may be better than later. We are in an unstable world and mortgage money has been in flux for years. Meaning that interest rates have gone up and down and dramatically at times in the last few decades. Who can say what will happen next?
The market may not stay hot forever. Better to get the job done while the sun shines. Let me be your real estate consultant. Call Kevin at (207) 270-1744. Other Maine Real Estate Agents, call for a confidential conversation. The future of real estate is at our fingers. For those who know how.