Depending on the Price, You’re Going to Need Advice... To understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons than you may think. In real estate today, there are essentially three different price points in the market. Each one is unique, and depending on the city, the price point in these categories will vary. Starter-Home Market: This market varies by price, and these homes are typically purchased by first-time home buyers or investors looking to flip them for a profit. A low supply like this generally increases competition, drives bidding wars, and sets up an environment where homes sell above the listing price. Middle-Home Market: This segment is often thought of as the move-up market. Typically, the buyer in this market is moving up to a larger, more custom home with more features, all coming at a higher price. Today, this market is more neutral, but leaning towards a seller’s market. Premium & Luxury Home Market: This is the top end of the market with larger homes that have even more custom features and upgrades. Nationwide, this market is growing in the number of homes for sale. If considering selling you’re going to need the advice of a true local market expert. hashtag# hashtag hashtagYou
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