HOLMES ON HOMES In the last edition we talked about the bubble bursting in pricing. If you tune in often, you’ll know I ramble on about supply & demand factors driving pricing and this insane market. This edition of Holmes on Homes is going to focus on how that translates into what it’s like actually selling AND buying in this market. Options for buyers and sellers in 2021 look quite a bit different than it did just a few years ago. Think about the difference from 10 years ago!! That really isn’t too long ago and for most readers, were homeowners well before that. Remember when it was very black and white with options available to you. List your home – deal with repairs or updates – next come showings, inspections, appraisals and then wait for a closing date. What about buyers – you had Realtors and our MLS systems to tap into for home searches. That was about it! Today the landscape of real estate has changed drastically due to market conditions and technology. We’ll start with the selling side of the real estate transaction and “WOW” doesn’t do it justice. It would be more of an expletive-filled statement on the amount of change here. 10 years ago you had a simple concept & simple technology: list your home with a Realtor. Take guidance on what to do with the home to present it. Deal with showings, inspection, appraisals and so on. Get to the closing and make sure the buyer is there too! 4
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