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A lot of people have been asking me how the real estate market in Wilmington is doing. Lots of people want to know whether or not we're in a buyer's market or a seller's market, and the truth is that it differs depending on what price point you're looking at.
In the areas where we're seeing seller's
markets forming, we've noticed that properties are selling at or above
their listing prices, which is fantastic news if you're looking to sell
your home this spring.
Despite whether you find yourself operating in a buyer's or seller's
market, the key to selling your home is to have it accurately priced
from the beginning of your sale. Pricing is probably your most
important marketing tool, and it's one of the best ways to make a good
first impression on a potential buyer.
I also
think it's important to mention that interest rates for mortgage loans
are historically low right now, and there are great loan products from
Fannie Mae and Freddie Mac that only require a 3% down payment. In most cases, it's cheaper to own your own home than it is to rent a property. If you're thinking of buying a home, then now may be a good time to give me a call to discuss your options.
As always, please don't hesitate to contact me or my team in regards to any questions or concerns you might have. I'm always here to help you!
