Wednesday, November 6, 2013

Buying or Selling: Now May Be the Time

As we enter the winter months, many expect the real estate market to begin to slow down. However, this winter there are many reasons that both buyers and sellers should consider moving forward with their real estate goals instead of waiting until the spring.

BUYERS
Waiting until the spring will probably mean increases in the two elements that determine the cost of purchasing a home: home prices and mortgage rates.

SELLERS
A seller will get the best price when demand is high and inventory is low. Demand will remain strong throughout this winter (see above) while inventory historically shrinks this time of year.

Ask Your Real Estate Agent for your Valuation

Real estate agents are experts at estimating the value of homes. Some of that expertise comes from being educated about the market, and some of it is instinct. Agents often view or show hundreds of homes in your area every month, so they have a good idea of the going rate for a home like yours. A qualified real estate agent can prepare a valuation report to give you a rough estimate of the value of your home.

























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