Sonya Da Realtor

🎶 “Allow me to reintroduce myself…” 🎶

Hi, I’m Sonya Givens 👋🏽

Your trusted Real Estate Advisor—now with eXp Realty.

Licensed in Georgia & Virginia, and ready to help you move with confidence 🏡✨

Whether you're buying, selling, or just exploring your options—I’ve got you.

Let’s get to work 💼🔥

Sonya Givens

If you're interested in purchasing a home, you've probably heard stories of "bidding wars" and buyers competing for properties. Today, let's dive into what a bidding war means! 🥊

It's no surprise that we're in a seller's market. With low housing inventory, there are more buyers than there are homes for sale. This means there can be multiple buyers competing for the same property. 🏡

When multiple buyers are making offers on the same home, they incrementally increase their offers in an attempt to stand out to the seller and beat out the other buyers, creating a bidding war!

Note that it's not always the highest price that wins a bidding war. There are many other factors and benefits to the seller that can be included in an offer. Many buyers have used non-financial strategies to make their offer stand out. 🏆

As your agent, I can help you strategize so that you're ready for this competitive market. If you're interested in discussing more, please reach out! 📲

GA
Sonya Givens Realtor
(804) 386-8198
[email protected]

Virtual Properties Realty
https://sonyagivens.com

Mortgage rates are on the rise, but there is good news! Housing analysts are saying that this could help cool down the market, not crash it. ❄️

Here are 3 ways rising mortgage rates could help cool things down:

✔️ Fewer buyers: Buyers hold off a bit, which means less demand and less competition among buyers.

✔️ More inventory: Less demand from buyers gives housing inventory (supply) a chance to rise back up to more sustainable levels.

✔️ Slows price appreciation: Less demand and more supply can help slow down the rapid price appreciation we've been seeing.

(Source: Fortune)

If you've been preparing to purchase a home and you're wondering what rising rates means for you, I can help. Please reach out with any questions you have! 📲

GA
Sonya Givens Realtor
(804) 386-8198
[email protected]

Virtual Properties Realty
https://sonyagivens.com