If I had a crystal ball, predicting such events would likely make me a millionaire or billionaire. Truthfully, I don't have that answer. Forecasts from real estate market analysts, though not infallible, suggest a potential shift in mid-next year after the election. This shift could involve a decrease in interest rates, prompting sellers to feel more comfortable releasing homes with historically low 2% interest rates. Consequently, we might witness an increase in competition for buyers and home prices, coupled with a slightly higher supply of homes entering the market. It's essential to recognize that these projections are speculative, and various unpredictable factors can influence market dynamics.

The decision to buy or sell first depends on your individual circumstances, market conditions, and financial position. Because we are still in a sellers market I will advise the majority of my sellers to make their home contingent on them finding a replacement property to ensure we get them in the right home BEFORE closing on their original home to mitigate any potential risks. We can discuss your priorities and develop a strategy that aligns with your goals.

In a seller's market, being pre-underwritten for a mortgage, making a competitive offer, and being flexible with terms can strengthen your position. I'll guide you on effective strategies to stand out in a competitive market (I can’t give out all my exclusive tips and tricks here;).

The timeline can vary, but on average, it takes about 15-45 days to close a real estate transaction. Factors like financing approval, inspections, and negotiations can influence the timeline.