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Today's Real Estate market.

Not a day goes by that someone doesn't ask me what the Market is currently doing.
That's such a complex question, that almost always desires a simple answer.
"It's a buyer's market", "it's a seller's market" is what most people seem to be looking for.
Here's a more accurate and complex answer to that question:
I've been in Real Estate for quite some time now and this is one of the best markets that I've had the pleasure of working in. Don't get me wrong, a lot of people benefited financially from the Real Estate bubble of the early 2000s and then suffered greatly during the crash. Today's market seems to be advantageous to both the "buyer" and the "seller". Here's what I mean, our average market-time for a property is approximately 63 days, that's great for sellers. On the flip side, there is also still a literal ton of inexpensive Real Estate to be purchased and that's good for the buyer. Now, for a few years it was almost impossible to get a loan/ mortgage without a credit score well into the 700s; banks had tightened their purse strings so much that loans were reduced by almost 73%. The people that suffered the most were those that purchased homes during the bubble. What banks should and shouldn't have done is another conversation entirely.
So in short, I say to anyone looking to buy or sell in today's market...GO FOR IT. Sales are up, interest rates are down...there is no better time to buy than right now.
If you have any questions, don't hesitate to contact one of our Real Estate professionals.
~Shane



This post first appeared on Blogs | RealtyStore, please read the originial post: here

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Today's Real Estate market.

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