There seems to be no hotter topic right now than our market conditions. Has the bubble burst? Is the sky falling on the real estate market? Is this the best time to sell or buy? Should we just keep holding on?
I have experienced a lot of markets in my years in real estate. Some have been really great and some have been really horrible. I can tell you for sure real estate can change on a days notice. What I see right now is a cyclical correction that will inevitably revive itself.
What is most important to remember is that if you are a seller right now, you need to make sure you are priced sharp and show well. Homes are still selling but buyers are being diligent when doing their homework! As well, if you are upsizing or downsizing, you are doing so in the same market which protects you from huge market fluctuation.
If you are a buyer, I believe this is a perfect time to buy. There are not too many other buyers to compete against. Interest rates are historically low and you have the ability to negotiate aggressively. Besides, industry professionals are offering incredible incentives to support you in the process.
Take advantage of this great time to buy and be creative and precise when you position your property to sell.
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