What Does the Current State of the Fall 2022 Real Estate Market Mean for You?
I want to talk to you about the state of the real estate market. The truth is, it's a more difficult market today than it was a year ago - FOR SELLERS. If you're a buyer right now, you have some negotiating power. Different pockets of the metroplex are offering really good deals and some are not.
For example, here in Flower Mound in the last 7 days there have been 15 new listings. ONLY 15. And 11 new contracts. So they're still coming on the market and they're still selling. Yes, the time on market is longer. And buyers and sellers are finding new ways to put the deals together. For example, there are some mortgage products out there - there's everything from 3-2-1 buydowns and 80/15/5 loans. There's all kinds of loan products available that haven't had to be used in the past. And sellers are starting to offer concessions.
Now, more than ever, what you need to know about the market is it's all about location, location, location. Just like they have always said. And what's your motivation to buy or sell? People that have to buy and have to sell need to be very careful. Put together a strategy. Hire a seasoned professional like myself who has 30 years of experience.
The state of the market is what you need it to be. We can come up with the right strategy for you.
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Are you planning to buy or sell soon? From start to finish, a good agent is a necessary asset through the process. We'd love to tell you more about our team who are all experienced in every stage of the process.