If you are planning to sell your home, understanding the current state of the real estate market is critical. In this article, we will provide you with valuable insights on the changes in the national and local real estate market, specifically in Cherokee County and Cobb County. We will also discuss key takeaways and steps you can take to come up with a successful selling strategy.
Changes in the Institutional Buyer Cash Market
The institutional buyer cash market has cooled off in recent months. Just six months ago, institutional buyers were willing to pay almost market value for homes, but their behavior has changed now. As a result, sellers should not rely on the institutional buyer cash market as a viable option.
Sales of Existing Homes
It is crucial for home sellers to know the sales of existing homes in their local market. In Cherokee and Cobb Counties, the number of closed sales is down by 32% and 39%, respectively. This may impact sellers’ options and potential offers. Therefore, understanding the local real estate market trends is essential for home sellers to come up with a successful selling strategy.
Steps to Follow
To come up with a successful selling strategy, you should follow these steps:
- Understand the state of the institutional buyer cash market and its changes.
- Review the number of closed sales in the local market.
- Analyze the local real estate market trends and come up with a successful selling strategy.
Working with a Real Estate Agent
As an expert in the real estate industry, my best advice for home sellers is to work with a reputable real estate agent who has a deep understanding of the local market. A real estate agent can help sellers navigate the current market trends and come up with a successful strategy to sell their homes.<
Frequently Asked Questions
Q: Should I rely on the institutional buyer cash market to sell my home?
A: No, the institutional buyer cash market has cooled off, and sellers should not rely on it as a viable option.
Q: What is MLS?
A: MLS is a database of all homes listed for sale by real estate agents.
Q: What is the importance of understanding local real estate market trends?
A: Understanding the local real estate market trends is essential for home sellers to come up with a successful selling strategy.
Q: What is the role of a real estate agent?
A: Real estate agents can help sellers navigate the current market trends and come up with a successful strategy to sell their homes.
Q: How can I come up with a successful selling strategy?
A: Analyze the local real estate market trends and work with a reputable real estate agent who has a deep understanding of the local market to come up with a successful selling strategy.
Contact Us Today
If you are planning to sell your home in Cherokee County, Canton, or Woodstock, GA, contact Keller Williams. Our experienced real estate agents can help you navigate the local market and come up with a successful selling strategy. Contact us now at 770-280-4560.
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