Q&A With The Shilian Group
WHAT TO EXPECT IN THE 2022 HOUSING MARKET
What should you expect in the 2022 housing market? How will it compare with 2021? Dr. Payman Shilian of the Shilian Group answers questions on market trends, pricing, interest rates, and negotiation advantages/disadvantages to help you understand what factors might impact homebuyers’ and sellers’ with their decisions – so that you can plan accordingly!
What will the US real estate market look like in 2022?
In 2022, many buyers will have the same home-buying challenges of 2021: lack of inventory and multiple offers. Additionally, the sellers will have all the cards in terms of negotiations. As a result, they hold a commanding position on what price they’re willing to take for their home, condo, townhouse, or income property.
What should home buyers and sellers prepare for in the coming year?
In most real estate negotiations, the seller has the upper hand, as they are likely to receive above the asking price on their property. Therefore, it is crucial for buyers to be ready with all their finances, have preapproval, and be fully unwritten from their lenders before bidding on a property.
The housing market is at an all-time high, and interest rates are historically low. But who knows when they will dissipate?
What trends are you seeing from your clients?
When properties are priced right, they’re selling with multiple offers and often above the asking price. To stay ahead of this game for your future investment – Buyers should ultimately be prepared to provide an offer before their type of property even goes on sale!
What unique features and amenities are your clients requesting?
Many of our Westwood real estate clients prioritize outdoor and office space when purchasing a property. Homeschooling has also played a considerable role in families selecting and designing their homes, allowing everyone to stay focused and balanced. In addition, clients are increasingly interested in properties that have been recently renovated with updated features and amenities.
Will any trends fade out as 2021 comes to an end?
Not likely! People who invest wisely will be well rewarded as our economy recovers from its current economic crisis–and if you’re looking to buy or sell a property now, 2022 will look a lot like 2021.
The 2022 housing market will be competitive. So, if you are looking to buy or sell a house soon, you should contact the experts at Shilian Group to provide you with the necessary information to fulfill all your real estate goals.
