Market Update November 29, 2022

Plan Your Buying and Selling Strategy

02/25/2022

in this crazy market, we have strategies in place to help you win.

 

We’re seeing some crazy things happening in Q1 of 2022. Last weekend in Forsyth County, there was an open house—over 100 cars lined the streets of this neighborhood! The home was priced at $500,000, and there were always 30 to 40 people waiting to get into the house. In just two days, it had over 115 contracts written. That is absolutely absurd, but it’s not hard to believe due to our very low inventory.

 

“Much of making a winning offer comes down to the know-how and communication of the agent.”

Today we’re at an extreme point in the market, and it takes strategy to navigate it. If you’re going to buy a home, work with somebody who knows how to communicate with you and tells you things like whether you need to write a letter, whether you should write a non-contingent deal, etc. So many things go into making a winning offer, and a lot of it comes down to the know-how and communication of the agent.

 

Remember, the highest-priced offer isn’t always the best. If you have to sell before you can buy, there are third-party companies that will buy your home and let you stay in it until you find your next home.

 

If you’re a seller who also needs to buy or if you have any questions, don’t hesitate to give us a call or send us an email. We’d love to hear from you.