Articles tagged with: sellers
A few years ago, a friend of mine told me he was reluctant to buy a home because the housing market was bad.
He was worried about overpaying for a house – one that might decline in value to the point where he couldn’t resell it and come out ahead on the deal. My response to him was clear – had he rather wait until prices and interest rates were on the rise or get something when there was downward pressure on prices and rates were low?
He eventually decided to purchase …
For the past few years, we’ve heard about how declining housing markets have hurt sellers due to dropping average prices.
There some merit to that point of view – no one likes the idea of a home losing value. However, there are some advantages to sellers even in the buyer’s market that has been in place over the past few years.
Before getting into those advantages, let’s take a look at a few statistics that reveal recent trends in Arkansas. In October, the average price of a home sold in central Arkansas …