Are we in a Buyer's market or Seller's market? That is one of the most frequent questions I get. And it is a good one. If you are getting into the market or out of the market, you should have some idea of what you are dealing with as it will affect your strategy whether you are buying or selling. First, let's define what a Buyer's or Seller's market is.
The spring housing market is typically the busiest time of year for real estate. However, this year, house hunters will have even less to look at due to a ‘perfect storm’ of market conditions squeezing an already tight supply even tighter.
For some reason, people have come to treat Zestimates are the defacto standard. Maybe it has something to do with our desire for instant gratification. In today’s internet-obsessed society, we want instant answers. How accurate are they? Not very. They are better used as a starting point for determining value, not the endpoint.
I work with a lot of investors and a lot of what I call ‘accidental investors’ - people who had no intention of becoming a real estate investor, but do so when they move and rent out their property because it ‘almost covers the mortgage’. I cringe when I hear that phrase.