If you’ve been thinking about selling your house, you’ve probably heard that the market’s cooling off, or “resetting” (as Federal Reserve Chairman, Jerome Powell, recently put it.) So you might be wondering if that means you won’t be able to get as much money for your house as your neighbors did a few weeks back.
On the other hand, there are still reports that house prices are still rising, like in this realtor.com article, which makes you wonder if you could actually get more money than they did!
So, what’s the truth?
There’s no one-size-fits-all answer to that question. Real estate functions on a very local level, and much of what you read is referring to the broader, national market. Indiana is not Phoenix or Las Vegas (where the major price reductions are occurring.) Not only does the general area you live in matter, but the specific price range or neighborhood your house is in can affect whether or not you get more or less for your house. Know that I am here to help you with this!
CLICK HERE for the Key Takeaway
For Today’s Buyer, it is tough. The Market remains tight, and nothing at the present moment is showing that it will loosen any time soon.
Yes, some houses are sitting for a while, while others are getting 20 offers in a weekend. And winning a bid when you are 1 of 20 is a nightmare. So the struggle is very real and very frustrating.
Last month, I sat down with a client to have a ❤️ heart-to-heart. Since time was not in his favor, we needed a new approach. What did that look like: He needed to look at properties that were winnable.
What do Winnable Homes look like:
- Not built within the last 30 years
- Not in pristine condition
- Need about 10-20K of home improvements
Hey, I get it…it doesn’t sound very appealing at first. And it didn’t sit well with him until we started talking through the details. Like many, he was looking for a move-in-ready home. With this new approach, he could still get that move-in ready home, and it would be exactly what he was looking for.
Seem like a pipe dream? Let me assure you that it is possible when you have the right partner with experience in all aspects of the industry.
If you are interested in hearing more, give me a call at 317-625-0655 . Let’s start looking at properties that are winnable instead of going to war!