Ignite FB Tracking PixelTips for Buyers: Learn About the Local Housing Market - Kristi Vaughan
William Pitt Sotheby's Int'l
Kristi Vaughan, William Pitt Sotheby's Int'l
Email: [email protected]
Tips for Buyers: Learn About the Local Housing Market

by Kristi Vaughan 04/07/2019

An informed homebuyer may be better equipped than others to enjoy a successful property buying experience. In fact, an informed homebuyer likely will understand the ins and outs of the local housing market – something that could make it simple for this individual to discover a great residence at a budget-friendly price.

Ultimately, it helps to review the local real estate market closely before you embark on the homebuying journey. Lucky for you, there are many things you can do to analyze the local real estate market and gain the homebuying insights you need to succeed.

Let's take a look at three tips to help you study the local housing sector so you can navigate the homebuying journey with poise and confidence.

1. Assess the Prices of Recently Sold Houses

Oftentimes, it is a good idea to review the prices of recently sold houses in cities or towns where you plan to search for your dream residence. If you understand how much home sellers are receiving for their residences, you can narrow your house search to properties that fall in line with your budget.

It is important to remember that city houses may be more expensive than comparable residences in small towns, too. Thus, you should budget accordingly based on where you choose to search for a home.

2. Find Out If Homes Are Selling Quickly

Take a look at how quickly homes are selling in cities and towns where you want to live. With this housing market data in hand, you can determine whether a buyer's or seller's market is in place.

In a buyer's market, there may be an abundance of available houses. Or, in a seller's market, homes may sell within days of being listed.

If you are operating in a buyer's market, you may be able to take your time to find your ideal house. Comparatively, in a seller's market, you should be prepared to act quickly to acquire your dream residence.

3. Consult with a Real Estate Agent

A real estate agent can teach you everything you need to know about the housing sector. That way, a real estate agent can help you become an informed homebuyer in no time at all.

Typically, a real estate agent will learn about you and your homebuying goals. He or she next will provide insights into the housing market in your preferred cities and towns and help you hone your house search. Then, a real estate agent will help you search for your dream residence. And once you find a house you want to purchase, a real estate agent will help you submit a competitive offer to purchase this home.

As you prepare for the homebuying journey, it may be beneficial to learn about the local real estate sector. By doing so, you can gain comprehensive housing market insights that you can use to streamline your home search. As a result, you could speed up the process of finding and purchasing your ideal house.

About the Author

Author
Kristi Vaughan
For all of the disruption in the real estate industry, one critical aspect will never change -- the need for a good, solid real estate agent with truly local knowledge who puts your interests first. Kristi is one of those agents. A real estate agent since early 2005, Kristi has built her business with the idea that if she serves her clients well, success will naturally follow. And it has. What this means for you is that Kristi is on top of it, whether it’s getting you into the newest homes to hit the market, knowing the staging and marketing trends to help show your home in the best light or keeping tabs on the myriad details of an individual transaction. If something needs doing to help you meet your real estate goals, Kristi is giving it her full personal attention. Aided, of course, by today’s technologies. “As the mother of millennials and a homeowner of a certain age myself, I have a sensitivity and respect for the needs of first-time homebuyers, down-sizing sellers and everyone in between,” says Kristi, adding, “I measure my success not by numbers and awards but by the satisfaction of my clients.” A top producer, Kristi has won numerous Bronze, Silver and Gold Awards and has been recognized for many years by Connecticut Magazine’s Five Star Program for excellent customer service. In addition to being a member of the National Association of Realtors, Connecticut Association of Realtors and Ridgefield Board of Realtors, Kristi is a Senior Real Estate Specialist, Accredited Buyer Representative and is e-Pro certified. She is fully trained and experienced in working with relocation clients from near and far. Give her a call.