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How to Both Buy and Sell in Today's Market
With all of the economic chaos that is 2020, real estate has remained a bright spot.
There are 4 major economic factors affecting home prices:
- Unusually high buyer demand
- Historically low interest rates
- Near-historic low inventory
- Extra high buyer demand due to a major resettlement to northern New England of work-from-home buyers looking to move out of the major urban centers like Boston, New York City, metropolitan Connecticut & New Jersey.
As a home seller, you can take advantage of the market and, essentially, get a premium price for your home.
But here's the catch: you then have to become a buyer in the same market of low inventory & high demand.
This is the exact reason to engage a Better Homes & Gardens, The Masiello Group REALTOR. We recommend consulting with a Better Homes & Gardens Real Estate The Masiello Group REALTOR to determine these 3 parameters to help hand-craft a solution for you:
- The current market value expectation for your home in today's market.
- Your ideal next home, moving time frame and other unique conditions that may exist in your world (think: specific home needs, locations, retirement schedule, children's school schedules to name a few)
- Your purchasing power in the market based on the current low rates. (Your Better Homes & Gardens Real Estate The Masiello Group REALTOR can connect you with our Great East Mortgage Partner to confidentially determine your new home price range).
Next, your Better Homes & Gardens Real Estate The Masiello Group REALTOR can approach other home owners with properties like the ones that best fit your ideal new one. These will likely be other owners who, like you, are not currently on the market but would move if they could find a home. See how the chain can work?
At BHGRE The Masiello Group, our agents have 2 important tools in our internal website to make this work for you:
- The "Haves & Wants" function
- Our Reverse Prospecting tool
The Haves & Wants System is like a bulletin board for our agents to share info on people, like you, that are looking for something that is not yet on the market as well as sellers who would sell if they could buy.
Our Reverse Prospecting Tool matches information about registered users on our website to each other. For example, a potential seller in Portsmouth, NH looking to buy in York, ME gets matched to a buyer in Portsmouth, NH.
While technology provides many answers, only an experienced Better Homes & Gardens Real Estate The Masiello Group REALTOR can apply their market knowledge, street wisdom and technology to your unique situation.
Reach out today and let's explore what this market could do for you & your family.
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