Homeowners are increasingly fearful of lowball offers, with 85% expressing concern over being pressured into such deals. Many worry about excessive buyer concessions and potential deal cancellations. While some have locked in low interest rates, fears of losing these rates upon selling persist, alongside economic uncertainties delaying sales. The likelihood of selling faster increases when homeowners secure new properties or cash offers. Regional disparities are evident, with slower markets averaging 57 days on the market, compared to faster markets like Grand Rapids at just 13 days.
One of the most significant fears for current homeowners is being forced to accept a lower-than-expected offer, with 85% of respondents saying they have some level of concern about being pressured into a lowball deal.
Confidence in the home selling process increases when certain conditions are met, such as already securing a new home or receiving a cash offer, which helps alleviate seller anxiety.
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