The one bright spot in the report was that NAEBA members predict that interest rates, even if they rise some, will remain low. That could make it a great time to buy provided the buyer can find the right house.
According to the NAEBA Executive Director Kimberly Kahl, CAE, “It may be more important now than ever that buyers receive full representation from their real estate agent. They will need an experienced agent who will help them make a good offer quickly or they will lose out on the home they want. They will also need an experienced negotiator to ensure they don’t overpay for the home, especially in this climate of increasing prices and economic uncertainty.”
Adds 2015-2017 NAEBA President Dawn Rae, “It’s very exciting to buy a new home but buyers need to make sure to take steps in the right direction that will lead to success without too much stress. NAEBA member Exclusive Buyer Agents are experienced and educated and working with one makes it more likely that a home buyer will navigate these challenges successfully.”
To view the full survey, visit https://naeba.org/2016predictions or find an EBA to help you navigate these challenges today.