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First Rule of Buying or Selling a Home-Know Thy Local Marketplace
When you read the national real estate news and you are a potential seller, you may believe that home prices continue their downward trend and in order to sell you must compete with homes in foreclosure that are priced well-below market value. If you are a potential buyer, you may believe from what you read that for the same reason, it’s not a good time to buy because you’ll buy something that continues to lose value or if you wait, you might get the house for less money. These national trends may have very little to do with what actually occurs in the area where you want to purchase, invest or sell your home. That’s why it’s important to educate yourself about your local real estate market.
The market here in Huron, Ohio situated along the shores of the beautiful, Great Lake Erie, is undergoing a metamorphosis right now. I currently have five homes under contract in this area. All are due to close within the next several weeks. There is a lot of activity in certain price ranges. Clients, both buyers and sellers, are people relocating in and out of the area, second-home buyers, those wanting to downsize, first-time ... more

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