Comparing and Contrasting Buyer's and Seller's Markets

There are many great Metro-Detroit area homes for
sale. Click here to perform a full home search, or if
you're thinking of selling your home, click here for a
FREE Home Price Valuation so you know what buyers will
pay for your home in today's market. You may also call me at
(248) 425-5082 for a FREE home buying or selling consultation to
answer any of your real estate questions.



Comparing and Contrasting Buyer's and Seller's Markets





Today we want to talk to you a little bit about the differences
between a buyers market and a sellers market so you know how to
take advantage of each.





Going into Spring this year, we saw an increase in inventory and
this slowed the pace at which home values went up. In 2013, we
had a huge increase in average home value at 25% This
year, so far we have only had a 3.2% increase in home
values.





If you've been waiting to sell, now is the time to do so. This
month, a lot of buyers are going to be coming back into
the market around the 2nd week in September.





For buyers, experts predict home mortgage rates to go up next
year and people are going to want to lock in rates now.  If
you are pre-approved for a rate this year as opposed to next
year, you could be saving thousands of dollars in the
next year alone.





Typically the best time to sell is in the Spring, but a lot of
people have been looking at the market and know that this fall is
a prime opportunity to sell. Buyers that would be entering the
market next Spring are going to be entering this fall, and taking
advantage of this fact is key.





If you have any questions, please give us a call or send us an
email. We'd love to talk to you.