As we enter the winter months, many people expect the real estate market to begin to slow down.
However, this winter there are many reasons that both buyers and sellers should consider moving forward with their real estate goals instead of waiting until the spring.
Waiting until the spring will probably mean increases in the two elements that determine the cost of purchasing a home:
1. Home prices
2. Mortgage rates.
A seller will get the best price when demand is high and inventory is low.
Demand will remain strong throughout this winter (see above) while inventory historically shrinks this time of year.
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Jim Starwalt, Broker Associate
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