If you are a home BUYER here is some good news for you! This fall nearly 50% of all listings sold and closed for about 18% less than the listed price. If you are a SELLER the sales cycle grew to nearly double the time on the market compared to previous years according the Harris County statistics provided by HAR. So the good news is that if you are a qualified buyer, you may be in the best position ever to make a deal on your dream home. If you are a SELLER, keep in mind that although you may have to cut your sales price to get your property sold, you will end up with an opportunity as a BUYER to right your losses. When you enter the market as a BUYER, you may have the chance to make not only your lost equity back but enjoy a larger home with a better equity position overall in the end.
So what are you waiting for? Talk to your Realtor today about getting your home on the market and get out there and start your property search to repurchase. Interest rates are still very low and when you add the tax rebate savings to the equation, you can't do better than this!
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