What Buyers and Sellers Need to Know
Your home needs to “Look like a model and be priced like an REO.” Start making necessary repairs before listing it, and stage your home to make it as “model-perfect” as possible. The market is stagnant, so be realistic in your price. When a home doesn’t sell, price is the problem 93% of the time.
Interest rates dipped slightly in November and are hovering under 4%. Some homes priced below $200K are still getting multiple offers, so be realistic in your negotiation strategies. Sellers are more negotiable than they were a year ago, but low-ball offers will not win you any homes.
I hope you have found this report beneficial. Although it provides a general overview of the market, it won’t take the place of a knowledgeable real estate professional.
Please contact me for area-specific market data or for information about buying or selling a home.