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Welcome back everyone, today we are coming to you with our latest market update. A lot of people have been asking us lately whether we are in a buyer's or seller's market. With less than 2 months of inventory, as well as upward pressure on pricing and more buyers than sellers in the market, we are definitely in a seller's market.
What this means for sellers is that you are going to get a premium price and multiple offers. However, in order to take advantage of these conditions, you've still got to have the right marketing, the right price, and the right agent. Those ingredients never change.
As for buyers, you need to focus on three key things:
What this means for sellers is that you are going to get a premium price and multiple offers. However, in order to take advantage of these conditions, you've still got to have the right marketing, the right price, and the right agent. Those ingredients never change.
As for buyers, you need to focus on three key things:
- Be reasonable with what you're looking for
- Be prepared for multiple offers
- Have a good, clear understanding of your expectations
If you have any question for us, or are looking to buy or sell in Allen, let us know. Give us a call or send us an email, and we can get started helping you achieve your real estate goals.
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