iBuyers companies continue to make the news with their gimmicks on offering a faster, more convenient way to sell a home. I just saw an interview with the Zillow CEO, stating, “…while people would come to our site (iBuyer) and we’d give them a good offer, only about 10% accepted the offer.”
Let that sink in…. “A good offer” and “Only 10% accepted”
I’ll bet that less than 5% of people who received offers actually sold their homes. That’s less than 1/10 of what a good Realtor would get done for their clients.
There’s a whole LOT more to taking a property from “For Sale” to a successful closing than the technocrats understand.
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The January numbers for central Indiana are up, and they look to be a little of this and a little of that.
- Median sales price was up 17% from a year ago, BUT down 4% compared to December
- Days on market increased to 29 from 24 in December
- Closed sales and new listings were both up over a year ago, 4 & 2%
- Inventory remains limited— with only 1738 houses to choose from. That’s down 11% from a year ago
We’ve got our fingers on the pulse and finding ways to help our clients buy and sell homes successfully. So if that’s what you’d like to do, well, give us a call!
Last week was quite a wintry ❄️ mess. We ended up with 8 inches here in Noblesville.
The Midwest storm did throw the 🏠 market off a little.
Mortgage rates are creeping up to 4 in recent months, and the Feds are looking to tighten it more. This will no doubt change Buyers purchasing capabilities as well as comfort level.
Bottom Line..there is still no inventory below 250K, so I am foreseeing minimal impact on 🏠 sales. If there were 20 offers on a home last quarter, it might be reduced to 10 this quarter. Seems like better odds for the Buyer. So if you are on the fence about buying/selling, give me a call at 317-625-0655 to talk specifics.