REAL ESTATE: Experts say it’s a great time to buy or sell your home
LANSING, Michigan (WLNS) – If you are interested in buying or selling your home, experts say now is a good time. 6 news sat down with the owner of Real Estate Redesign to find out what the housing market is currently like.
At the beginning of the year, you would probably have had a hard time getting your dream home.
“The first time you buy a home, you will fall in love with the house. You will think this house is yours and you really want it. It can be emotional at times when you go up against five or six, sometimes up against 10 other buyers just to try to buy this home. They all give commandments, they call for the highest and best. It can get pretty crazy, ”said Dominic Lee, owner of Real Estate Redesign at Remax Okemos.
That’s because the stock of houses was so low and the prices of houses for sale were quite high due to the demand.
Lee says the housing market is more balanced now.
“It happens naturally, usually every time the colder times of the year come in Michigan. That’s simply because there are fewer buyers in the market, which helps with the low inventory we currently have in the market, ”he said.
Although the inventory in the greater Lansing area is still below 500. Lee says now is a good time to buy, there is less competition and prices are still low.
“We always see more opportunities for you because your interest rates are so low. In fact, it was two weeks ago that I got an unrivaled offer on my first buyer purchase. And that hasn’t happened to me all year, ”said Lee.
He says it’s a good time to sell too.
“It’s definitely still a wonderful season for sellers because your average selling price is still higher than it was last December. Currently, most homes can be listed and sold within a week or two. So sellers are putting your home on the market, ”he said.
Lee’s advice to everyone right now is to date a good agent.
“Trust your agent when you have a good agent with a great track record. They know what they are doing and they will help you and then do your due diligence on the property, ”he said.