The current housing shortage has an impact on how you search for a home this spring.
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With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you're thinking of selling your house, it's important to understand how the market has changed and what that means for you. The best way to make sure you’re in the know is to work with a trusted housing market expert.
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Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it's the best time to find a home. However, that isn't always the case when you factor in the competition you could face with other buyers at that time of year. If you're ready to buy a home, here's why it makes sense to move before the spring market picks up.
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If you're thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs.
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During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That's because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn't only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.
Henry Team Real Estate is a Virginia-based residential real estate team. We help sellers and buyers across Central Virginia with pricing strategy, preparation, negotiation, contract management, and full coordination through closing.
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Chesterfield, Midlothian, Moseley, Richmond, Henrico, Glen Allen, Bon Air, and surrounding Central Virginia communities.