Whether it's a buyer's or seller's market, there are ways both can benefit in a real estate transaction. The Real Deal in Real Estate team has tips to guide both parties.
Sellers: Don't look at trends from a year ago. The market is constantly changing and last year could be completely different from where it is this year. Ask your realtor about more recent trends and base pricing off that. Remember to take advantage of tax benefits if you sell your home before the end of the year.
Buyers: Pay attention to interest rates. The Federal Reserve is not raising interest rates before the end of the year. They've indicated there may be two increases in 2019, so now is the time to get a great deal. Be creative with negotiations as well. If the listing price isn't getting down to what you'd like, you can work out a deal with closing costs.
Both: Remember the market is constantly shifting, but there are still great opportunities for both buyers and sellers. A shift in the market doesn't mean a crash; so don't get overly concerned with changing numbers and trends. But remember that time is the most important factor in financial transactions. Be strategic and ready to take action.
This article is sponsored by The Real Deal in Real Estate.