We're going to be entering a period of relative balance between buyers and sellers. We're going from a sellers' market to a balanced market.
More Quotes from Walter Molony:
This has been fairly consistent over time. Younger people are more likely to move greater distances.Walter Molony
It's not like all of the buyers fell off a cliff. There are still people in the market during this time, just fewer. Some people think it's a great time to buy or sell.
Walter Molony
This was the first time we asked about second, third and even fourth homes.
Walter Molony
You need to understand cash flow. What's going to be your income and expenses on your property You need good entrepreneurial skills. You need to have six months of reserves in case things don't work out the way you think it will.
Walter Molony
Seller concessions have not been common in the last five years. Sellers haven't had to offer them. But as we become more balanced, especially in areas of high inventory, that's where you'll see the use of concessions become a bit more common.
Walter Molony
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