Inventory levels hovered at all-time lows in the first quarter of 2018, driving up home prices, according to the latest quarterly report from the National Association of Realtors.The median
Focus On Selling YOUR Home
You know the classic rule when it comes to sales, “you can always bring the price down, but it’s hard to go back up.” That sounds good in theory, but it’s not always the best way to go when it comes to real estate. My clients are always asking me if it’s a good idea to list at a higher sales price and lower it later. For one, most buyers and agent will not even waste their time coming to your home since they will assume you are not motivated enough or realistic enough. And second, agents will use your home to sell other homes in your area, regardless of features and upgrades. They may tell their clients, “If you love this one priced at $350,000, then you’re going to dance in the street over this one that is $300,000! Keep in mind that you’re trying to sell YOUR home, not all of the other ones in the neighborhood.
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Is a combination of high rents and shifting demographics driving a move from renting to buying?The latest data from the Census Bureau shows that may be exactly what’s happening.On