Great News For Home Buyers!

If you are a serious home buyer looking to buy a home in today's market, we have 3 good news for you.

1. More Options

With buyer demand skyrocketing while the housing supply really low, the past couple of years have been very challenging for home buyers. But that's no longer the case this time around. An increase of 39.5% in housing inventory can be seen for the week ending October 28 compared to the same week in 2021, according to a study conducted by Calculated Risk.  This means home buyers have more options in choosing the best home that suits their needs.

2. Less Competition

Compared to the last two years' low supply and intense competition fueling record-high prices, the market is finally on track to become more balanced. With more options available, bidding wars have eased. Now you can enjoy browsing the real estate market without going through the bidding war frenzy.

3. More Negotiation Power

With bidding wars easing, buyers regain their negotiating power. Numerous buyers were willing to waive appraisals or inspections in the past couple of years to avoid being outbid on a home they like. Recently, the percentage of buyers waiving those contingencies went down, as shown by the latest data from the National Association of Realtors (NAR).

Appraisals and Inspections are two essential steps in the home buying process. It provides the home buyer with information about the value and condition of the home. With re-balancing the housing market, buyers now return to the negotiating table. In a  survey conducted by realtor.com, data shows that sellers now had to make compromises to close a transaction, like paying for repairs or closing costs, dropping the price to match the appraisal, and being more flexible with the closing timeline.


Challenges are to be expected with any real estate transaction. But if you are a home buyer in today's market. You can be assured that you now have more options, less competition, and more negotiation power as compared to the past years' heated real estate market.

Partner with a RE/MAX Advanced Realty Real Estate professional to start your homebuying process today! Check-out our active listings below!

 

65 Properties
Page 1 of 6
5.67
Acres
258
Days on Site
21844347
MLS
5.675 commercial acres. Zoned B-1. Has 474 ft of road frontage on Bluff Road and approx 600 ft of visibility along I-69/SR 37, just south of County Line Road in Johnson County. Located next to 5/3...
0.91
Acres
1985
Year Built
30
Days on Site
21892081
MLS
This retail center offers a 5 year lease from the main tenant (Car X) and the ability to lease the remaining square footage to greatly increase the cap rate. The pro forma cap rate is over 8.50%. The...
9.38
Acres
191
Days on Site
21859421
MLS
This 9.38 acres of land could potentially be zoned for your retail or office use. The property offers over 300 feet of frontage directly onto State Road 135 and is in the midst of new development....
$625,000
Neighborhood: Kensington Grove
4
Beds
3
Baths
3,582
Sq.Ft.
2002
Year Built
39
Days on Site
21890407
MLS
Looking for a beautiful move in ready home in the desirable Kensington Grove? This low maintenance ranch style home features a finished basement that could be easily converted into a separate living...
$535,000
Neighborhood: Brunnemers Ridge
4
Beds
3F11/2
Baths
3,624
Sq.Ft.
1993
Year Built
26
Days on Site
21891324
MLS
Beautiful Custom Mike Duke Home w/Finished basement & on a Pond! 2 Sty entry, crown molding, fluted door jambs show quality of this home. Living rm w/huge picture window framed w/blt-in bookshelves....
$515,000
Neighborhood: Subdivision Not Available See Legal
3
Beds
3F11/2
Baths
3,001
Sq.Ft.
1934
Year Built
16
Days on Site
21873183
MLS
Tranquility, quiet, and rare acreage just outside of town! 2600 sq ft + ranch on 12 + acres, at the edge of Crawfordsville! 3 BRs, 3.5 baths, endless possibilities. Enclosed front porch leads to...
$499,900
Neighborhood: Lamb Lake Estates
1.7
Acres
220
Days on Site
21852199
MLS
A very, very RARE opportunity to build your Lamb Lake Lakefront Dream Home! Spectacular lakefront with fairly gentle slope to water, and gorgeous views of lake and woods with approx 150' of...
$499,900
Neighborhood: The Parks At Prestwick
8
Beds
3F11/2
Baths
3,340
Sq.Ft.
2017
Year Built
45
Days on Site
21889381
MLS
Amazing 8 bedroom home w/3 car garage & walk-out basement on a cul-de-sac. Main level features open floor plan w/engineered hardwood floors, a bedroom or great home office & a chef’s kitchen complete...
3
Beds
2F11/2
Baths
2,418
Sq.Ft.
1997
Year Built
61
Days on Site
21886321
MLS
Zionsville schools. Completely renovated from the floor boards up! 3 BR, 2.5 bath horse/pleasure farm! Restored driftwood flrng thruout most of the lower level and laminate hdwds and tile...
$475,000
Neighborhood: Forrest Commons
4
Beds
2F21/2
Baths
4,190
Sq.Ft.
1988
Year Built
68
Days on Site
21882261
MLS
The beauty and character of Forrest Commons! Original owners that truly have an appreciation for the value of fine woodworking. The crown molding, endless built in bookshelves, rosewood cabinets are...
$475,000
Neighborhood: Falenders Meadowood
5
Beds
2F11/2
Baths
4,199
Sq.Ft.
1961
Year Built
9
Days on Site
21894723
MLS
This gem is waiting to welcome you to Speedway! Just minutes away from the Indy 500 and Main St. One of the largest homes in Flanders Meadowood just a short walk to the grade school and large park....
$469,900
Neighborhood: Subdivision Not Available See Legal
3
Beds
2
Baths
1,840
Sq.Ft.
1962
Year Built
52
Days on Site
21887439
MLS
5 acres in the heart of White River Township! This lovely brick home features an expansive family room with a gas fireplace, living room, nicely appointed eat-in kitchen as well as 3 bedrooms and 2...

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