BE READY. If you aren't, you WILL miss out. The market we're in has a big issue. Lots of buyers and not enough homes to sell them. We have just over half of the inventory of available properties from a year ago in many areas and price points (the high end is still challenged). With interest rates at a ridiculous level, you must BE READY. Sellers this does apply to you as well because while there are buyers galore, they are still picky. They want what they want and if you're not on your game from staging to exterior prep and curb appeal you will get passed by. Buyers you need to get up to speed as quickly as possible when you make the decision to buy because it's all just moving too fast. As a buyer you must know what you want, be familiar with the market by looking at as much inventory as possible. When the right one comes along you probably won't have a week to think on it so if you haven't done your homework, don't have your financing secured to a preapproval letter or just aren't ready to make the leap, do yourself a favor. Stay home. This is not a market for the meek. It's low inventory, low interest rate, high demand and moves fast. Sellers and buyers...the time to contemplate was last January. Now is the time to get it done.
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