Current WNY Real Estate Market

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Current market conditions

  • Inventory is low.

  • Demand is high.

  • Most homes are receiving multiple offers.

  • Many sellers are delaying showings or negotiations. This gives buyers a chance to see the home & prepare their offers.

  • You may need to be patient & submit several offers before you have an accepted contract.

When considering your offer:

Come in with your "Highest (price) & Best" (terms).

Be sure to ask your agent to present to you comparable properties that have sold recently, so you can make an informed offer in line with that particular neighborhood, style, size & condition of the home.

Terms Include:

  • Deposit to be put in escrow

  • Cash or Financing- Conventional, FHA or VA

  • Seller's concessions

  • Down payment on loan

  • Inspection contingency

  • Contingencies on the sale or closing of your current home

  • Closing date

Financing Details

  • You will need an updated pre-approval letter to submit with your contract. Ask your agent for recommendations for trusted mortgage brokers.

  • Your pre-approval letter should be from a local lender & verify your income, credit & funds needed to close.

  • Double check your pre-approval letter reflects the current interest rates.

  • Understand your monthly payments will include PITI-Principal, Interest, Taxes & Insurance.

  • Be sure you are comfortable with the estimated monthly payments. You may qualify for more than you want to spend!

Make Your Offer Stand Out:

  • Some sellers will not accept an escalation clause. Ask your agent about this.

  • “Love letters” are no longer acceptable due to Fair Housing regulations.

  • Talk with me about other strategies may help your offer stand out and give you the best chance to get an accepted offer.

    Contact Gretchen at (716) 289-4003

    I can help you get moving!