A close friend asked me the Million Dollar question earlier this morning,
"How Is The Market Doing? Really?" With a spark in his eye, he added, "I know the news is talking about how bad the market is doing, but how is it, really?"
I smiled and answered,
"Really.... if you really wanted to know, this is what I will tell you ......
There's really two kinds of houses here in Frisco, or the Dallas metroplex for that matter. There are those who sell within 30-60days and then, there are those who will be in it for the long haul."
How Does This Relate To You If You Are Buying?
A great home priced correctly moves FAST. It also does not mean that you would have alot of negotiation power if it just came on the market a few days (this is merely a generalization statement. Each listing/ seller has its own reason to sell). Making a low-ball offer may not get you the house and perhaps other buyers would recognize the same potential and could offer the Seller a reasonable offer.
A great home priced correctly moves FAST. It also does not mean that you would have alot of negotiation power if it just came on the market a few days (this is merely a generalization statement. Each listing/ seller has its own reason to sell). Making a low-ball offer may not get you the house and perhaps other buyers would recognize the same potential and could offer the Seller a reasonable offer.
How Does This Relate To You If You Were Selling?
It really depends on which category you want to be in. There are some steps you need to take in order to ensure you are on the first category (not the latter):
1. Work with an agent who knows what he/she is doing - as far as pricing and marketing the home.
2. Per an experienced agent's recommendation, follow the advice he/she gives you in order to sell the home.
3. Trust the person you hire. (If you dont, it is difficult to build a successful relationship that will get you where you want to be: move on to your next plan).
More importantly, this is a question you need to ask yourself:
Do you really want to move? Or are you just testing the market to see what it would take?
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For no fluff real estate market advice, please contact Loreena Yeo - broker/ principal of 3:16 team REALTY. Proudly serving Frisco, Plano, Dallas, Richardson, Allen, McKinney, Celina, Prosper, Little Elm real estate markets.
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For no fluff real estate market advice, please contact Loreena Yeo - broker/ principal of 3:16 team REALTY. Proudly serving Frisco, Plano, Dallas, Richardson, Allen, McKinney, Celina, Prosper, Little Elm real estate markets.
