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Real Estate Market Update



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When you consider all that we have been through as an industry the past few years, it is no wonder that many people in the real estate world are breathing a collective sigh of relief. The source of that relief in a lot of markets across the country has been in the form of a more balanced market. What that means is that inventory levels have come back down to a point where buyers are facing more competition and sellers are in a stronger position. It also means that buyers are enjoying more buying power.

Sellers Finally Enjoying Multiple Offers and Top Dollar
For the first time in quite a while, sellers are seeing more interest in their properties. This starts off multiple offer situations and even leads to bidding wars for the right properties that are priced appropriately. In fact, sellers that take the time to prepare their home for sale and give buyers what they are looking for are getting top dollar for their home – something we have not seen since prior to the 2007 housing market crash.

One of the things driving out market today is that we are currently experiencing a shortage of inventory. That’s why it is critical to present your home in its best light prior to listing it on the market. The right agent will help guide you through the process and help you do everything possible to get you the most you can from the sale.

Buyers Still Getting More for Their Money
By now, most of us are used to hearing the news of all time low interest rates. But did you know that not only do the low interest rates impact the cost to borrow but it also allows buyers to purchase more house for the same money. That means that a home you might not have been able to afford just six or seven years ago could very well be in the cards for you today.

With the growing number of multiple offer situations and even bidding wars, there is of course the challenge of negotiating so that buyers get the home they want. That is where having a strong agent is pivotal for the buyer.

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If you or anyone you know has been on the fence about selling your home or if buying is something that seems the right thing to do with the incredibly low interest rates still out there, contact me today on my cell phone 626.890.7187! I can help determine what you can expect the value of your home will be so you can sell it well, I will help find the perfect dream home for you and I pledge to make the process as enjoyable as possible for you!