Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
When a buyer is interested in a property in the Hartford area and they want to make an offer, it is customary that they sit down with their agent and write up the offer. Most real estate agencies in Greater Hartford belong to the Greater Hartford Association of Realtors and they have standard contracts we use that help facilitate this process. Once an offer is written, it’s presented to the seller’s agent who then presents
Mortgage rates have ticked upward over the past few days in response to market activity around the 10-year Treasury Bond. According to BankRate.com, the average interest rate for a 30-year fixed mortgage has increased from 5.00% to 5.39% in just a few days. An article in today’s Wall Street Journal goes so far as to proclaim that “Mortgage Rates Surge, Sap Hopes.” They cite similar interest rate figures from a different source and quote two
I reviewed my files this weekend and I’ve represented clients in 7 multiple offer situations this year, 2 assisting sellers and 5 assisting buyers. That’s quite a few for what is supposed to be a “slow” year. The one common thread for all of these properties was that they were well priced. Some of them were priced well right out of the gate. Some of them got to the eventual right price via price reductions.