Navigating Salt Lake City’s real estate market can feel a bit overwhelming, but The Stern Team is here to clear up some common misconceptions.
Buyer Misconception #1: “I should wait for home prices to drop.” We hear this a lot, but experts agree prices are expected to stay stable or even rise a bit. Waiting might mean fewer choices and more competition.
Buyer Misconception #2: “I’ll wait until mortgage rates drop.” Mortgage rates are unpredictable, and waiting could mean missing out on the right home. Plus, buying now gives you leverage in negotiations and time to lock in a good rate.
Seller Misconception #1: “My home will get multiple offers immediately.” Even in a strong market, homes don’t always sell overnight. Pricing it right and making a few improvements will go a long way.
Seller Misconception #2: “I won’t need to lower my price.” Overpricing can backfire, leading to longer market times and price cuts down the road. The best strategy? Start with a competitive price from day one.
Whether you’re buying or selling, let The Stern Team help you navigate the market with confidence! Reach out today – we’re here to make it easy.
