Eckington By The Numbers || Weekend 10.21.23

Here's something worth considering: If you're a buyer, would you rather be in our typical DC market, where you find yourself competing with five other people, having to pay an extra $50,000 just to secure the winning bid, and often forgoing inspections and other protective contingencies? Or would you prefer to be in this market, where you can purchase a home at the asking price and take your time to conduct due diligence without feeling rushed? It's important to note that anyone obtaining a mortgage at the present time can later refinance when interest rates drop. This is something you can control. On the other hand, once you've purchased your home, you can't go back and renegotiate the price. Smart buyers are taking advantage of the current market conditions, understanding that it will benefit them in the long run.