[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fhtj7pcbvu4ue":3,"$ffeh0925h8cuz":51,"$fbwk2pqjjqsc7":55},{"item":4,"previous":39,"next":45},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":37,"updatedAt":38},1760,"dont-let-buyer-competition-keep-you-from-purchasing-a-home","Don’t Let Buyer Competition Keep You from Purchasing a Home","This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we approach the end of the year, but that could be a big mistake for many hopeful house hunters. Here’s why.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F19102832\u002F20201123-KCM-Share.jpg","This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we approach the end of the year, but that could be a big mistake for many hopeful house hunters. Here’s why.\u003C!--more-->\r\n\r\nAccording to the most recent \u003Ca href=\"http:\u002F\u002Feyeonhousing.org\u002Fwp-content\u002Fuploads\u002F2020\u002F10\u002FHOUSING-TRENDS-REPORT-Q320.pdf\">\u003Cem>Housing Trends Report\u003C\u002Fem>\u003C\u002Fa> from the \u003Cem>National Association of Home Builders \u003C\u002Fem>(NAHB):\r\n\u003Cblockquote>\u003Cem>“The length of time spent searching for a home continues to grow.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe report indicates that \u003Cstrong>62% of buyers now spend 3 months or more looking for a home, \u003C\u002Fstrong>an increase from 58% one year ago\u003Cstrong>.\u003C\u002Fstrong> A primary cause for the delay is the heavy competition today’s buyers face when making an offer on a home. Based on recent \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002F2020-09-realtors-confidence-index-10-22-2020.pdf\">data\u003C\u002Fa> from the \u003Cem>National Association of Realtors \u003C\u002Fem>(NAR), the average house in today’s market receives \u003Cstrong>3.4 offers\u003C\u002Fstrong> before it’s sold. This means for every buyer who purchases a home, there are on average two or three buyers who have to begin their search all over again.\r\n\r\nCompared to this time last year, the NAHB report shows that buyers are having more success finding homes in their \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F09\u002F22\u002Fthe-cost-of-a-home-is-far-more-important-than-the-price\u002F\">price\u003C\u002Fa> range. However, it also notes the percentage of buyers saying they’re getting \u003Cstrong>outbid when they make an offer has jumped from 15% to 27%.\u003C\u002Fstrong> Buyers are indicating that \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F10\u002F16\u002Fhow-to-prepare-for-a-bidding-war-infographic\u002F\">bidding wars\u003C\u002Fa> are a major obstacle to finding their dream home \u003Cem>(See graph below):\u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20201123-MEM-Eng-1.jpg\">\u003Cimg class=\"aligncenter wp-image-43401\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20201123-MEM-Eng-1.jpg\" alt=\"Don’t Let Buyer Competition Keep You from Purchasing a Home | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>If this is a challenge you’re up against in your home search, you’re not alone. Feeling stuck in the process can be frustrating, but if there’s ever been a year to power through, this is the one. NAHB noted:\r\n\u003Cblockquote>\u003Cem>“Difficulties finding a home to buy will likely lead 20% of active buyers to give up until next year or later. That share is up from 15% a year earlier.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nExperts anticipate home prices will continue to \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F10\u002F22\u002Fhome-values-projected-to-keep-rising\u002F\">rise\u003C\u002Fa> into 2021, and the incredibly low interest rates we’ve seen this year are also forecasted to \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F11\u002F19\u002Fwill-mortgage-rates-remain-low-next-year\u002F\">increase\u003C\u002Fa> as the economy strengthens. Hopeful homebuyers who decide to hold off on their search until there’s less competition run the risk of finding a more expensive housing market when they start looking again. If affordability is a key motivator behind your decision to buy a home, this winter is still the best time to make it happen.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nBidding wars may be one of the greatest challenges buyers face in today’s housing market, but they shouldn’t be a deal-breaker. Having the right expert on your side throughout the buying process will give you the advantage you need when it comes to finding the right home and making a competitive offer. If you’re ready to buy this winter, let’s connect to discuss how to position yourself for success.","\r\nBidding wars may be one of the greatest challenges buyers face in today’s housing market, but they shouldn’t be a deal-breaker. Having the right expert on your side throughout the buying process will give you the advantage you need when it comes to finding the right home and making a competitive offer. If you’re ready to buy this winter, let’s connect to discuss how to position yourself for success.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20201123-MEM-Eng-1.jpg",false,[17,21,25,29,33],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},11,"First-Time Buyers","first-time-buyers",{"id":30,"name":31,"slug":32},35,"Mortgage Rates","mortgage-rates",{"id":34,"name":35,"slug":36},38,"Move-Up","move-up","2020-11-23T10:00:13Z","2020-11-23T13:43:24Z",{"id":40,"slug":41,"title":42,"featuredImage":43,"publishedAt":44,"contentType":10,"isVideo":15},1759,"it-pays-to-sell-with-a-real-estate-agent-infographic","It Pays to Sell with a Real Estate Agent [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F18152517\u002F20201120-KCM-Share.png","2020-11-20T11:00:40Z",{"id":46,"slug":47,"title":48,"featuredImage":49,"publishedAt":50,"contentType":10,"isVideo":15},1761,"is-buying-a-home-today-a-good-financial-move","Is Buying a Home Today a Good Financial Move?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20175138\u002F20201124-KCM-Share.jpg","2020-11-24T10:00:48Z",{"cover":52,"open":53,"shareSpread":54},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[56,60,61,65,69,73,74,75,79,80,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153,157],{"id":57,"name":58,"slug":59},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":62,"name":63,"slug":64},6,"For Sellers","sellers",{"id":66,"name":67,"slug":68},7,"Foreclosures","foreclosures",{"id":70,"name":71,"slug":72},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":26,"name":27,"slug":28},{"id":76,"name":77,"slug":78},34,"Senior Market","senior-market",{"id":30,"name":31,"slug":32},{"id":34,"name":35,"slug":36},{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":94,"name":95,"slug":96},52,"Luxury \u002F Vacation","luxury--vacation",{"id":98,"name":99,"slug":100},53,"Rent vs. Buy","rent-vs-buy",{"id":102,"name":103,"slug":104},80,"Time-sensitive","time-sensitive",{"id":106,"name":107,"slug":108},81,"Outdated","outdated",{"id":110,"name":111,"slug":112},147,"Internal","internal",{"id":114,"name":115,"slug":116},148,"Do Not Autopost","do-not-autopost",{"id":118,"name":119,"slug":120},320,"Inventory","inventory",{"id":122,"name":123,"slug":124},321,"Agent Value","agent-value",{"id":126,"name":127,"slug":128},322,"Affordability","affordability",{"id":130,"name":131,"slug":132},323,"Buying Tips","buying-tips",{"id":134,"name":135,"slug":136},324,"Downsize","downsize",{"id":138,"name":139,"slug":140},325,"Economy","economy",{"id":142,"name":143,"slug":144},326,"Equity","equity",{"id":146,"name":147,"slug":148},327,"Forecasts","forecasts",{"id":150,"name":151,"slug":152},328,"Selling Tips","selling-tips",{"id":154,"name":155,"slug":156},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":158,"name":159,"slug":160},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]