Market Familiarization

What are ways our listeners can familiarize themselves with our current real estate market?

Depending upon your motivation to move, that will change the various ways that you could select how to keep an eye on the market. For example, if you’re looking to move within the next year or two, I offer free monthly market reports delivered straight to your inbox. These will touch base on statistics such as price points and areas selling the best, indicating the strength of the market. You can then make decisions with knowledge of how the market has been and is predicted to be.

What if someone wants to buy within the next couple of months?

Now is the perfect time to buy! Last week I spoke about interest rates, and their potential and likelihood to reach 6% interest. This goes back to your motivation to move or buy a home. For those buyers that have a higher motivation level, we also offer a free, personalized, up-to-the-minute search that you can interact with. This is called a portal, and you can view a slideshow of property pictures, rate how you like properties, and save homes that you’d like to visit within the system. This system will notify you of price improvements/reductions on homes you’re keeping an eye on, and when new listings come on the market. This information is valuable because, as I’ve previously reported on, sites such as Zillow and Trulia are often inaccurate.

After someone has found a home, how is the offer price determined?

A Realtor with experience is extremely valuable in such an important transaction in your life. Part of the reason why that is the case, is that with my 4,000 homes sold, I am an expert on determining the value of a property. Knowledge of the areas in town, which affect value from one street to the next, comparing condition and upgrades, projecting resale potential, and many other factors are taken into consideration when analyzing the value of a home.