Hidden Property Water Damage Red Flags
Real Estate Tip:
Never use a seller’s asking price as a gauge of market value for a property. A property owner may request any price for his property-this may or may not be anywhere near market value. The current market value of a residential property is based primarily on what a similar property has sold for in the last 6 months.
Real Estate Insight:
The break-even point for months supply of housing inventory is about 6 months--if housing inventory is higher than 6 months prices normally fall, when housing inventory is lower than 6 months, property prices normally increase.