First Home Equity Loans

With market conditions adjusting, we all begin to ask and consider is it a buyers market or a seller’s market? The past few years have certainly been what most would consider a sellers market with prices across the country experiencing record increases in home values. There are many variables that help us begin to determine what type of market we are in.

What Is A Buyers Market?

One of the most common variables that help us know what type of market we are in is inventory. When supply begins to exceed demand then the market becomes a bit more affordable. When there are fewer buyers, then sellers become more motivated.

In a buyers market, real estate prices tend to decrease, and homes stay on the market longer. Another indicator of the market slowing or inventory increasing, is when sellers begin to drop their asking price, looking to gain attention in the market. And they become much more welling to negotiate with buyers that are pre-approved.

Buyers that are pre-approved with one of the First Home Equity Loan Advisors have an edge. FHEL has the ability to help buyers in several states, with offices in Greenville, SC and on the coast in St. Augustine, Florida.

Home Buyers Market Tips

• Connect with a Home Loan Advisor and discover the wide range of loan types.
• Take your time! Buying a home can and should be one of the best experiences.
• Be diligent.. Know what is available. See as many properties as possible before making an offer.
• Days On Market – As you become interested in a property, pay attention to how many days the property has been on the market. The longer it has been, the more likely the seller will be open to negotiate.

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