Buying or Selling: It’s All Relative
As of May 29th, 2007, there were 3,047 active listings in our Multiple Listing Service in Shelby County alone. There are plenty of buyers out there too â€” for the homes that are priced competitively, that is. Due to the huge selection of available homes, buyers expect to get a home in beautiful condition, and for a great price. With interest rates still attractive, our real estate market is quite healthy.
If you are selling, donâ€™t lose sight of the great appreciation your home has enjoyed over the past 5 or 6 years. While prices may be a bit flat this year, this is just a market correction. And because of the huge inventory of available homes, maximum market exposure is critical. Another point to remember is that you may need to price your home a bit lower than youâ€™d like, but if youâ€™re going to buy, thatâ€™s where you will win. So, itâ€™s all relative.
Homes are selling for those who â€œprice it right,â€ have a great marketing plan, and have their home in tip top condition. Itâ€™s a win-win situation for buying and/or selling your home!