3 Things You Need to understand in a Shifting Real Estate Market
Whether you are thinking of selling your house or buying a home, today’s real estate headlines can be confusing – perhaps even concerning. What is actually happening with mortgage rates? Are home values dropping or are they just rising at a slower pace? What impact will the economy have on the housing market?
If you are either a buyer or seller (or both), you need to know what it will mean to your family if you go ahead with the move. You need to understand three things:
1. What is happening in the housing market right now?
Consumers must get past those fear-mongering headlines and gain a deep understanding of what is truly happening. How strong is buyer demand right now? How much competition do listings have today compared to what they will have in the spring? People want to make an educated decision on what is probably their family’s greatest financial asset.
2. Why is it happening?
Understanding the individual pieces that impact the sale or purchase of real estate is important. Understanding how those pieces impact each other is critical. How does the amount of a down payment impact the mortgage rate a buyer will be offered? Can you still price your house a ‘little ahead’ of the market and still be sure it will sell?
3. How do the first two affect your local market?
Basically, you want an understanding of the overall housing market and a simple and effective explanation of how it will impact your personal real estate goals.
Bottom Line
The best way to get all three is to work with a professional who understands this shifting real estate market and can expertly guide you on the journey to reach your housing goals. Let’s get together to discuss what today’s market means for you.
Tell us what you think in the box to the right.
Monthly Market Detail for Single Family Homes in Charlotte County
Market Detail Single Family Homes in for Florida
For the months of Inventory in Punta Gorda? Click here.
For the median Sold Price in Burnt Store Isles, click here.
Curious about the Value of your home? Click here.
Originally from the bustling city of Mumbai, India, Genevieve Ramachandran relocated to the Burnt Store Isles area of Punta Gorda in 1996, where she specializes in residential properties.
Based out of the company’s Punta Gorda office, she welcomes the opportunity to assist both homebuyers and sellers with their needs throughout the region. You can contact her at 941-268-1511 for more information and to see properties.
You can read customer reviews of Genevieve’s Real Estate Services by clicking here.
Genevieve Ramachandran, REALTOR®
GRI PSA AHWD SRES
941.268.1511 | gennyramachandran@michaelsaunders.com
101 Taylor Street | Punta Gorda, FL 33950 | 941.639.0000
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