Smart Moves in Real Estate

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If you’re looking to purchase, the best thing you can do right now is be pre-approved and open to doing the dance with the seller. Price may not be everything that motivates a seller — flexibility in terms is important. Think: closing date, option to find another property, purchase of existing items inside the home, and so forth. 

Sellers who are smart about their pricing strategy and realistic about the market should start to see more activity with their properties. Make sure you understand how your broker is being creative getting your property in front of potential buyers. 

For real estate investors, winter is always a great time to find opportunities and identify potential weakness in structures (heating systems, roof leaks, lack of insulation). I expect an increased level of opportunities in the second and third quarters of 2023. If you buy right that’s half of the battle; you must also have a clear exit in mind with a plans A, B and C as the landscape changes.    

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