This area has benefited from being a seller’s market for a few years now. This market, like all great things, will eventually come to an end. There are many reasons that markets change but one sure sign is pricing. In the last downturn, there were lots of folks buying homes, no matter what the price, because they could see how prices had increased. The bad part of that was that many had no equity, so that when the market changed, and change it did, were left with property that couldn’t be sold for what they paid for it and their adjustable rate mortgage was putting them in a position that they could not sustain.
This time around things are different. Our market now is jobs based, not speculation based, but the buyers are savvy and are tired of being abused. There is a limit on the price a buyer will pay for your home. I’m hearing sellers say: “you, my real estate professional, say my home is worth $1.8M, but I want $2M. When the sellers get greedy, the market change is closer than they think.
If you’d like to know more about what your home is worth and what you should do to get it ready to sell, reach out to me at 425-941-4841 or firstname.lastname@example.org. You can also sign up for our report https://www.redecorateremodelormove.com/or-move/#orMoveCCForm