Marin Fall Market
The recent announcement of the Federal Reserve lowering interest rates has already begun to make waves in Marin County’s real estate market. For potential buyers, this change comes as welcome news, as it translates to lower borrowing costs, making homes more affordable. Many buyers who were on the fence or previously priced out are now revisiting the idea of homeownership. As a result, we are likely to see increased competition for homes, especially in popular Marin neighborhoods like Mill Valley and San Rafael. Sellers could benefit from this increased demand, but may also face buyers looking for better deals.
However, with Marin County’s already limited inventory and high demand, the market could tighten further. While lower interest rates might help buyers afford larger mortgages, the increased competition could also lead to bidding wars and higher home prices. For both buyers and sellers, staying informed and working with a knowledgeable agent is more important than ever in navigating this shifting landscape. It will be interesting to see how this interest rate cut influences Marin’s real estate trends as we move into the final quarter of 2024.
The time is now…
We’re thrilled to showcase results that speak for themselves. At Smith & Co, we understand that the most crucial role of a real estate agent is to secure the lowest price for buyers and the highest price for sellers. This year, our undeniable track record attests to our commitment to this principle. For every buyer we represented, we skillfully negotiated under the asking price, ensuring the best deal possible.
On the flip side, for every seller, we exceeded expectations by negotiating prices above asking. These remarkable outcomes underscore our consistent success in beating the market in each transaction throughout the year. Our dedication to maximizing value for our clients remains unwavering, making 2023 a year of triumph for both buyers and sellers represented by Smith & Co.