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Buyers or Sellers Market
I read different viewpoints, is this a buyers or sellers market in TV?
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Are you, a buyer or a seller?
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I’d say it’s a buyer’s market right now. Lots of homes sitting on the market for a long time before selling. Seeing price drops on both new and resale homes.
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In the last 6 or so months as interest rates have gone up, the value of most houses in the villages has gone down.
IMHO that makes it a buyers market now but for how long? |
Either depending on how you look at it. If you buy an overpriced home because you did not do your homework then it’s a sellers market. If the seller of the same overpriced home is still hanging on to it in three months and not marked the price down the it’s a buyers market? Oh, and those higher interest rates the buyer is waiting to come down and has no control over?
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Circumvent Sell an Owner
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Unsolicited, unprofessional and free advice, is sometimes worth exactly what you paid for it ... usually, it costs you money. |
Depends.
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Nothing wrong with For Sale By Owner
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We are listing our home for sale tomorrow with TV and I'll let you know how it goes regarding the market.
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Quite a few homes went up for sale in Richmond at or a slightly after the one-year mark - most sold quickly with a hefty profit made by the seller. There is one home near me however that has been on the market for about three months - but the owners have way over-priced the home, and have already taken one reduction.
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