{"id":7394,"date":"2021-11-02T06:00:38","date_gmt":"2021-11-02T10:00:38","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=7394"},"modified":"2021-11-02T06:00:38","modified_gmt":"2021-11-02T10:00:38","slug":"sellers-have-incredible-leverage-in-todays-market","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=7394","title":{"rendered":"Sellers Have Incredible Leverage in Today\u2019s Market"},"content":{"rendered":"
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\"Sellers<\/p>\n

With mortgage rates<\/a> climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home\u00a0before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors <\/em>(NAR), puts it best, saying<\/a>:<\/span><\/p>\n

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\u201cHousing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

But the sense of urgency they feel is complicated by the lack of homes<\/a> for sale in today\u2019s market. According to the latest Existing Home Sales Report<\/em><\/a> from NAR:<\/p>\n

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\u201cFrom one year ago, the inventory of unsold homes decreased 13%. . . .\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n

What Does This Mean for Sellers Today?<\/strong><\/h4>\n

With buyers eager to purchase but so few homes available, sellers who list their houses this fall<\/a> have a tremendous advantage \u2013 also known as leverage \u2013 when negotiating with buyers. That\u2019s because, in today\u2019s market<\/a>, buyers want three things:<\/p>\n