a good number of homeowners are selling and buyers are purchasing; therefore, neither has an upper hand. A variable, for instance, like a major company entering, or moving from, the area will tip the scale toward homeowners to make a swift market or toward buyers to make a slow market. The typical selling time in a swift market might be 30 days, while that of a slow market may be up to nine months. Typically, any number below six months is considered a seller’s market. When you, a potential seller, is ready to take that step and sell your home, a skilled real estate professional can tell you more about the specifics of the market at the time. The market is always changing from year-to-year, month-to-month, and at times week-to-week, based off of what is going on in the country (i.e. COVID-19) and the economy (i.e. changes based on the Fed, which dictates inflation, and thereby effects mortgage rates). In the years during/following the pandemic we were in an absolutely unprecedented market. In order to get the best price for your home, you may want to consider talking to a real estate professional to help walk you through those changes and the current climate.
LIVING IN A FISHBOWL
A house on the market requires keeping the home in a constant “show-ready” condition, and changes in day-to-day life are inherent in the process. Sellers get unexpected phone calls at all hours from unrepresented prospects and buyers’ agents to show the home, as well as frequent updates by phone, email, and text and show appointment scheduling messages from the listing agent. They also will likely deal with repair and reconditioning appointments and inspections. The house may be photographed for online, periodical, or brochure presentations. There are repeated showings when the home first hits the market. Keep your home in pristine showing condition for impromptu
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