Realtor Explains the Current Real Estate Market in West Chester, PA
4/6/2022Being in the real estate business everyday, I have a good idea of what's going on in the market, especially West Chester, PA.
What I'm currently seeing on offers:
- 15+ offers on a home is common in West Chester
- An average of $15-25k over asking (will vary depending on neighborhood)
- Conventional financing is more common than cash
- Buyers are adding more contingencies such as home inspections back to their offers
How to make your offer more competitive:
- Pay all or some of the seller's closing costs
- Offer a seller rent back
- Add an inspection deductible for repairs needed from the inspection report
- Offer an appraisal gap
Are you interested in learning more about what our market looks like here in West Chester? Give me a call at 484-319-3867 and I'd be happy to discuss with you.