As October winds down and we move into November, local real estate experts are giving us their insights.
Deanna Bennett Real Estate Team says the Northland property market is more balanced than it was in the spring.
Bennett said the inventory is growing and has gone through many ups and downs.
“I think a lot of people think, oh my gosh, the market is crashing. But I’ve been doing this for about 27 years and been through everything, and I think it’s great.” she said.
She attributes some of the recent economic slowdown to higher interest rates and higher homeowners insurance prices.
Sellers will need to do a little more staging to get their property sold. Getting the price right right away is also important, Bennett says.
“I think sellers need to be a little more careful about pricing,” Bennett said. “All a seller needs to do a little more is just say, ‘Hmm.’ We need to move, but we want to be a little more aggressive with pricing, Dee.” Therefore, in the opinion of a trusted real estate agent You need to listen. ”
Those interested in purchasing should get pre-approved, find a real estate agent they want to work with, and get on the market before the post-winter rush begins.
“Remember this is fun,” said Jesse Erickson of the Deanna Bennett team.
She also suggests starting by going to open houses.
“I always tell buyers, we have to work on it. We have to walk into the home to get that feeling,” Erickson said. . “It’s a feeling. I know you want to buy it.”
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