There are conflicting reports in the news media about real estate that can make your head swim.
One report says that the real estate market is booming and that home prices have shot up. The next day, there are reports that new construction is at an all-time low and that is an indicator of flailing markets. One says that rising interest rates are hurting the real estate rebound, while another says that mortgage lenders are making more loans!
Here is the view from the field:
A lot of homes have been sitting unsold for months. Real estate signs have faded, info boxes hang forlorn. Summer has turned to winter, but these homes are still waiting to be sold.
Main reason? They are over-priced. It's not what sellers want to hear, but if a home has had a lot of showings, but no offers, then it is the price.
But... that is not what this post is about.
There are a lot of buyers out there. And they are sick of having the same homes come up on their searches. They have seen every home in their price range. They have seen every home with features that they want. None of these excites them.
So what do these buyers want?
They are looking for fresh homes on the market! They are ready and willing to buy, and worried that interest rates are inching up.
Could yours be one of the fresh homes at a competitive price to grab their attention?
For a free market analysis, email me at vsashikant@gmail.com. The analysis is FREE and there's no obligation.
Check out all homes for sale in Columbia and Lexington at www.homesincolumbiasc.net
One report says that the real estate market is booming and that home prices have shot up. The next day, there are reports that new construction is at an all-time low and that is an indicator of flailing markets. One says that rising interest rates are hurting the real estate rebound, while another says that mortgage lenders are making more loans!
Here is the view from the field:
A lot of homes have been sitting unsold for months. Real estate signs have faded, info boxes hang forlorn. Summer has turned to winter, but these homes are still waiting to be sold.
Main reason? They are over-priced. It's not what sellers want to hear, but if a home has had a lot of showings, but no offers, then it is the price.
But... that is not what this post is about.
There are a lot of buyers out there. And they are sick of having the same homes come up on their searches. They have seen every home in their price range. They have seen every home with features that they want. None of these excites them.
So what do these buyers want?
They are looking for fresh homes on the market! They are ready and willing to buy, and worried that interest rates are inching up.
Could yours be one of the fresh homes at a competitive price to grab their attention?
For a free market analysis, email me at vsashikant@gmail.com. The analysis is FREE and there's no obligation.
Check out all homes for sale in Columbia and Lexington at www.homesincolumbiasc.net
For... all Real Estate matters!
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