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What practical strategies can buyers use in today's housing market?

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Answer

Practical strategies include getting mortgage pre-approval and setting alerts for homes listed over thirty days, since those sellers are likelier to accept small price reductions. Buyers should focus on properties with recent price cuts, where sellers are twice as open to concessions. Modeling a refinance plan can reveal potential monthly savings if rates drop one hundred basis points. Exploring alternative home types like condos or ADU-friendly builds can lower upfront costs.

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