A significant number of escrows have fallen through, and over a third of listings have expired in the last six months. Price adjustments are becoming more common, with half of homes selling only after lowering their prices, resulting in an average 18% reduction. The market’s mixed signals are influenced by higher interest rates and mispricing.
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I recently received a call from a local homeowner asking if I would like to list her home for sale. She explained that she had done her research and wanted us to do the same type of marketing we had done so successfully for her neighbor. She also already knew how much her property was worth, and if we would be willing to put it on the market a bit higher than that, rather than slightly below what it was worth as the neighbor had chosen to do.
When you’re buying or selling a house, you’ll likely reach out for a real estate agent. But how to choose? There are Realtors and just plain real estate agents, part-time and full-time agents, family friends who are in the business, maybe even neighbors down the street. How do you find the right real estate agent for you?
With the possibility of welcome rains, it is always a good time to think about home maintenance issues and potential actions that could save a lot of money down the road. Some are common sense and obvious, while others may be completely unanticipated.