Purchasing a home any time of year can be a stressful endeavor. Understanding the current market can greatly assist in managing expectations and preparing you for what may transpire during a home purchase.
Be Prepared for a Lower Home Inventory
Housing markets, like many others, are a great lesson in supply and demand. The more supply available the less demand there is. The less demand, means less competition and potentially lower prices, making it less competitive and more affordable for the buyer. Usually there is a slower market in the winter, so there may be less inventory, but there are also fewer buyers out there, so less competition and possibly a better chance to negotiate with sellers. If you are thinking about buying a home during the…
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