Jamie Maze- Maze & Company Real Estate Group

🚨 BIG MORTGAGE RATE DROP 🚨 The average 30-year fixed mortgage rate falls to 6.40% New 52-week low Spread: 258 bps

I’ve given the same advice to agents and mortgage professionals for over 35 years… If the person or couple sitting in front of you is a generation younger than you, make believe they are your son or daughter. If the person or couple sitting in front of you is of the same generation as you, make believe they are your brother or sister. If the person or couple sitting in front of you is a generation older than you, make believe they are your mom or pop. …and give them the same advice you would give your own family. Success in this industry really is that simple.

The value in using an agent is real. Let’s look at the job of a listing agent. They must realize the seller has only five needs: 1️⃣ To get the house sold 2️⃣ To get the best price 3️⃣ To sell on a certain timeline 4️⃣ To deal with the least amount of hassles 5️⃣ To coordinate the timing of the sale and new purchase There are certain skill sets the agent needs to help the seller accomplish these goals. I’ll give you one example: the skill of negotiation. This is a list of people with whom your agent must be prepared to possibly negotiate with on your behalf: 🔹The buyer who wants the best deal possible 🔹The buyer’s agent who solely represents the best interest of the buyer 🔹The buyer’s attorney (in some parts of the country) 🔹The home inspection companies which work for the buyer and will almost always find some problems with the house. 🔹The termite company if there are challenges 🔹The buyer’s lender if the structure of the mortgage requires the sellers’ participation 🔹The appraiser if there is a question of value 🔹The title company if there are challenges with certificates of occupancy (CO) or other permits 🔹The town or municipality if you need to get the COs permits mentioned above 🔹The buyer’s buyer in case there are challenges on the house your buyer is selling. And, negotiation is just one of the skill sets an agent provides. Just saying…

Days-on-Market are less than last year and well below the pre-pandemic years. This is one sign that demand is still strong. In other words, the housing market is not “dead as a doornail” as one prominent industry player said recently. BTW, I looked up what that idiom actually means: “Dead. No doubt about it, not alive, unequivocally deceased.” In case you didn’t know, an average of over 10,000 houses will sell today…and tomorrow,,,and the next day…and the next… Just saying…

Don’t let the “low inventory forever” people fool you New listings are trending UP hard and fast—unseasonably so—in several major US metro areas Here’s Redfin listing data for the last month: (Blue line is 2023)