What’s Moving the Market This Fall?
As we head into the fall season, the real estate market is expected to remain steady, with some key shifts on the horizon. Interest rates are projected to stay relatively unchanged, which may continue to affect affordability for some buyers. However, this could also lead to less competition and more negotiation power for those actively searching. Inventory is likely to remain tight, although we may see a slight increase in new listings as sellers look to make a move before the holidays. Home prices are holding strong in many areas, but with buyer demand softening slightly, pricing realistically will be key for sellers. Overall, Q4 presents opportunities for both parties. Buyers can benefit from motivated sellers, while sellers can appeal to serious, year-end buyers. Whether you’re considering a new purchase or selling your home, we’re here to help guide you!
- When you need to work on your credit. Maybe your credit score is just starting to recover, but you need more time to pay down debts for a couple of years. With rent-to-own, you could start investing in a home while you bring up your score.
- You’re close, but not quite ready to secure a mortgage. You might have a good job with a significantly bigger salary, but you haven’t been there long enough for a lender to consider it a stable source of income. Or maybe you’re self-employed and you’re still building a reliable track record. Rent-to-own allows time to build personal wealth and financial credibility while working toward your homeownership goals.
- When you know you’re going to buy when the lease expires. If you’re not ready to buy when the lease expires, then you will lose any rent credit, i.e. investment, you’ve put into the home.
