With housing inventory extremely tight, many homes for sale will have multiple offers. You may wonder if you should put an offer on the home that is above asking price in order to win the contract.
The forecasted appreciation for Mahoning County is expected to be 3.5% over the next year and 17.5% over the next 5-years. This may help you evaluate the amount, if any, that you might be willing to offer above asking price.
If you decide to delay your purchase, the market will not remain idle and you may miss out on appreciation gains. And many people don’t consider the additional benefit of amortization that would have occurred while you’re waiting.
Contact me to learn how you can build wealth through homeownership.