Deciding to buy or sell can be a spontaneous act or one well planned in advance, and in either scenario there is no shortage of choices to be made.
The 2020 real estate market has been unlike any other when it comes to the impact of the pandemic on the seasonal trends. As spring unfolded, which traditionally escalates the activity, buyers faced the question of whether or not to venture out to look and would-be sellers were reluctant to go on the market given all the health concerns and uncertainties.
The unusual slowdown began Week 14, hit the low point Week 21, and then shifted into high gear Week 35. The downward trend that normally develops in late summer has not yet materialized even as we approach the holidays.
In the midst of the pandemic the path forward was as clear as driving through a torrential rain limiting visibility of the cars ahead and even the center stripe.
In hindsight, late May (instead of usual early spring) would have been a good time to list a home for sale, and still is, as inventory remains extraordinarily low compared to the past 10 years.
On the flip side, buyers had similar concerns; e.g., is it safe to venture out to see vacant as well as occupied homes, what about near term and long term employment disruptions? Buyers that waited for more certain times now find most of the good stuff gone and less desirable or possibly overpriced homes remain.
Working with a Realtor with local market knowledge has always been a good idea, for both buyers and sellers.
Given the limited inventory a Realtor specializing in a very specific area may bring additional value to buyers as the need to discover off market property escalates. And, the break with the usual market cycle may lead homeowners who desire to make a move to hire a Realtor with a particular knowledge of their area and price range to gain the needed confidence and comfort needed to proceed.
Brady Miller has a very specific audience and client-centric business model.
The audience is the single family detached residential resales, generally priced $600,000+, in four Elementary Schools of East Side, Mount Bethel, Sope Creek and Timber Ridge that feed Dickerson and Dodgen Middle Schools and in turn Walton High School.
- For buyers, the goal is help secure the deal or ideal home on the first attempt in the least amount of time.
- For sellers, the objective is to prepare them and position the property such they have the best opportunity to net more in less time.
The Miller Group Realty (MGR) business model is one that places a premium on client interest ahead of transaction volume and pursuing a metro-wide practice involving condos, townhomes, multi-family, land, lots, commercial property and leasing/rentals as a generalist. There are no distractions associated with time intensive new construction listings or conflicts arising from the buying, renovating, and selling of investment property for self interest.
Having an exclusive focus on a specific audience, working were he and his family lives, and engaging fewer (2 or 3) clients at a time translates into a better overall experience.
Contact Brady without obligation to discuss your particular situation, and visit http://www.WaltonStats.com to view weekly, monthly, and quarterly MGR curated stats that include higher value price ranges down to the elementary school level.