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Well, for starters.. let's look at the difference between a Seller's Market & a Buyer's Market.

Buyer's market definition: A buyer's market occurs when the properties for sale outnumber the amount of buyers actually shopping for a home... thus giving buyers the upper hand. In this circumstance, listings/homes will be on the market for awhile (months), before a buyer comes along and when they do, the seller is more inclined to give in to the buyers requests in order to get them to the closing table. (Just think > Buyers market = sellers crying).

Seller's market definition: A seller's market occurs when the buyers outnumber the properties available. This creates huge competition among buyers leading to bidding wars, offers placed on properties unseen and even buyers going over listing price to get the attention of the seller before the property is gone. (Sellers market = Buyers crying).

LOCAL VS. NATIONAL HOUSING MARKET:
As a highly localized industry, real estate has laws & economic statuses that differ state to state as well as wide variations among property values. For example, the housing market in Manhattan functions very differently from the market in Greensboro, NC....which is exactly why it is crucial to pay attention to factors that will make the biggest impact on your real estate deal according to YOUR local housing market.

When looking at the national housing market, you will definitely always see common or underlying trends taking place all over the U.S. as well as commonalities among more popular parts of the country. However, if you are just focussing on understanding relative value of your home, you should focus more on researching your local market. 

>>  Check out this link for more super helpful info on North Carolina's Market Trends!!!  <<


Posted in:Real Estate and tagged: NorthCarolinaRealEstate
Posted by Katelyn Mountjoy on October 11th, 2018 11:31 AM




In real estate there’s really no such thing as a ‘typical day’. If you fancy the phrase “changing it up” well, then this is your place because your schedule won’t be referred to as “ordinary”. 

Real estate agents are nothing short of busy. Managing marketing campaigns, scheduling open houses, submitting legal documents, and responding to client inquiries is a little under-rated sometimes. Even sleep becomes the last priority many days!

One day can be in the office all day long and another day could be appointments/showings all day long. Oh and don’t forget managing family time, time for self, keeping interested clients updated, keeping properties spick and span, being on time at listing/buyer appointments, bathing….GEEZ. I want to just sit down, eat pizza and watch Family Feud already. 

Part of the craziness of real estate is the busy schedule but it also can be the fun. Many of the clients that have come through our company have become great friends and that is another perk about real estate… the networking. 

In a typical day an agent, seller or buyer (you name it) speaks to or gets insight from another real estate professional in some type of way. In this process you are always learning new information, techniques and even cool lingo like,
“lets get you to the CLOSING TABLE!” 

FYI, that’s an exciting phrase. 

There’s so many real estate agents & companies out there… but each one has their different style and authority. That’s the fun of it too though… getting to be creative in your spectrum of techniques >> like this attractive blog post. ;) 

Remember, ultimately it's all about balance and what really just works best for you!

 

Next we will be blogging about the comparison of the local housing market to the national market… interesting stuff!

Stay tuned! – The Palmetto Team

 

Posted by Katelyn Mountjoy on September 24th, 2018 12:14 PM

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