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    Real Estate
    Thursday, August 11, 2022

    Sound Advice July 8, 2022

    Kimberly PetersenColdwell Banker RealtyMobile: (860) 550-1772kimberly.petersen@cbmoves.com

    It’s still a “sellers’ market” across the region, so buyers should be well prepared. Coldwell Banker Realty’s Kimberly Petersen offers some tips to set buyers on the right path:

    “The local housing market continues to maintain its momentum. While higher interest rates slightly leveled out the buying field, low inventory has kept homes selling at a rapid pace. As a buyer, you’ll want to make sure your pre-approval letter is up-to-date (within the last 30 days). Take it a step further and ask your lender if they provide pre-underwriting. For a more attractive offer on a property, consider an appraisal gap clause, using inspections for ‘information purposes only,’ or, if possible, increase your deposit. Most importantly, choose a great real estate agent who will help you each step of the way!”

    Have a question for a local Realtor? Ask it here: welcomehome@theday.com

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