Student of the Game

If you agree with Shakespeare, then you would have to agree that life can be viewed as a game.

If life is a game, then the best way to succeed is to be a student of the game. As students of the real estate game, The Noll Team desires to bring you constant value that helps you be the most confident homeowner you can be. For many, the current landscape has been challenging to navigate. Some homes are selling with multiple offers and some homes are sitting, taking months to sell; showcasing the dichotomy of this real estate market.

You may be asking “Why?”

Simple economics tells us supply and demand. We have such a limited supply that one would expect the hot market to be hot for anyone. Enter the “player” interest rates. As interest rates go up, the pool of buyers shrinks. When the pool of buyers shrink, the demand for your particular home goes down.

Then how can one win in this market?

Well, the answer lies in the fundamentals. The fundamentals to getting your home sold is price, condition, and location. We are exiting a very sloppy real estate market and entering one in which buyers have gotten back to the fundamentals. Post 3% interest rate environments have caused buyers to pause and reflect on their personal budget and the additional cash they have for repairs. In turn, buyers are being more particular. Buyers understand they have more time to make a decision and there isn’t as much urgency on their part. If you, as a potential seller, do not align with these fundamentals, you will have a challenging time getting your home sold. If you are considering moving, you will need to have two of the three fundamentals in order to have success. If your location isn’t great, you can fix it by having the price & condition reflect it. If your condition isn’t up to buyers standards, you can fix it with the correct price. This is why greedy and arrogant sellers are losing. Sellers who can adjust to the current buyer expectations are winning because most all moves are based on lifestyle decisions rather than the timing of the market. Our team specializes in giving advice that helps create positive outcomes for your housing needs. If you think now could be a good time we’d love to have a conversation. You can be assured that as your Realtor, our team prides itself on being a “Student of the Game!”