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What's the Real Deal?

Homebuyers or sellers who peruse the news headlines can become quickly disheartened or elated depending on which publication, blog, or news station they are following.  There is no doubt that conflicting information is being reported on the real estate industry on a daily basis.

The information reported is not necessarily false, but the reality is that real estate is a very local business. What is happening in regards to sales, pricing, or foreclosures nationally or even state-wide, may not be the reality in your local community.

Understanding how all of this information impacts you directly can also be difficult to navigate. For example the National Association of Realtors® (NAR) stated in a release posted last month that pending home sales in July expanded in most of the country and reached the second highest reading in over a decade. Two weeks earlier, NAR reported that existing home sales lost steam due to low levels of inventory.

So what’s the real deal? How should this data impact your home buying or selling decisions?  Is the market stable or ballooning?  Is it advantageous to buy or sell right now or is it better to wait for price adjustments? 

It’s times like these that your local Coldwell Banker Preferred affiliated real estate professional can provide you with the solid facts that are relevant to you in your local area and can guide you through this quagmire of information. 

Coldwell Banker Preferred affiliated sales professionals not only have the professional experience and knowledge to assist, but they deal in their local marketplaces everyday and have access to pertinent local data that can help you make sound home buying and selling decisions.

A local agent can help you analyze the market information contained here and explain explicitly what it means to you. They can provide you with a competitive market analysis and give expert guidance on current market conditions that impact you and your neighborhood directly.

Whether you are a home seller who needs professional guidance to price a property appropriately, or a homebuyer who needs a responsible representative who will lead you through the process, your Coldwell Banker Preferred expert can advise you, dissect those national headlines, and give you the right kind of information to help you make the decisions that are right for you.