Purchasing a home is one of the most important financial decisions you will ever make. In the current real estate landscape, where we are post pandemic, low inventory, and with fluctuating interest rates, it is imperative that you have an expert guiding your hand in a decision of this magnitude. Whether you're a first-time buyer or a seasoned seller, partnering with an expert who has decades of experience analyzing historical data in addition to block on block local knowledge will be essential to making sound decisions and protecting your investments.
Experience is Key
No one is perfect and no Realtor is a mind reader, however, Realtors with more experience have the ability to put mortgage rates, home negotiation and pricing, and discussions about market conditions, in their proper context. Not all real estate agents operate in the same way or have the ability to present market information in this way. To make informed and confident decisions when buying or selling a home, you want and need an agent who understands real-time local market dynamics, housing supply, industry forecasts, and more to offer you rounded guidance.
Navigating Confusion
Here are a few of the top insiders takes on the latest headlines, and confusion surrounding communications. Jay Thompson, Real Estate Industry Consultant, emphasizes: "The housing market is inundated with headlines, often sensationalized and punctuated with exclamation points, painting a variety of extreme scenarios. Clickbait has been a challenge since the internet's inception, and real estate news is not exempt from its effects." and also according to Jason Lewis, Co-Founder and Chief Data Officer at Parcl: "Without reliable, up-to-date information, real estate decisions are increasingly driven by fear, uncertainty, and doubt."
The truth is, we do have reliable up to date information, and that is, your local market conditions are going to vary widely from what you read. Especially in the Triangle. We have one of the strongest job markets in the country, the highest livability ratings, and some of the best higher learning institutions in the world, and our real estate inventory, if anything, will only appreciate. We see big investments in new housing and this should be a signal to buyers, this is a place to put roots.
Expert Evaluation
This is not to say that local experts should ignore or minimize risks when broader national housing trends impact a purchase or sale, but truly every selling situation is unique. Reputable Realtors can debunk sensational headlines, and give you local data, their qualitative estimation of what your next move should be, derived from years and years of experience, and empower you to gauge current trends against historical data and market fluctuations. Further, they are able to point out distinctive characteristics of homes you are considering that might give your home an edge.
A major life decision like a housing move should be met with readiness and excitement, and a trusted agent should be part of your team. If you are looking for reliable advice and trustworthy insights into the Triangle housing market, contact My NC Homes. With decades of experience helping new home and existing buyers, we offer our expertise to help guide you on your real estate journey.
Posted by Larry Tollen on
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