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When is the right time to buy or sell?
Generalization of facts do not often fit in Real Estate. If you are looking for the answer to “when is the right time to buy or sell a home?” stop and consider contributing factors in the area you are buying into or selling. Understanding trends will provide you a clearer understanding of how much competition you have to purchase a home or how many potential opportunities you have to sell your home. However, do not develop “paralysis by analysis”.
 
Trends are a great first step in answering the age-old question of “the best time”. This one of the better ways to forecast the future and minimize the fear of not having a crystal ball at your disposal. Population growth provides you a better understanding of the competition (home-buyers) and potential opportunities (home-sellers). The US Census Bureau is the best resource for unadulterated facts. In the five-county area Grand Traverse Michigan, the population has grown on average by 1,072 each year since 2015. With most of the population looking for affordable housing, the competition to purchase a home or an opportunity to sell a home is very clear.
The affordable housing category in the five-county area is $150,000 - $199,999. And the affordable housing ... more

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