GREENSBORO, N.C. — Nearly 68% of WFMY News 2 viewers own their homes. While some folks never want to move and sell, plenty of homeowners are looking to upsize or downsize and need to know the best way to buy and sell.
To help us make sense of the real estate market is Fran Johnson, a real estate agent with Keller Williams. She is taking your text questions on Thursday from 5:30 pm to 6 pm. You can text in your question to 336-379-5775.
When are prices going to get better?
- Supply & Demand--Constantly watching # Homes on the Market vs # Buyers in the Marketplace
- More Buyers than Homes for Sale — Price goes up
- Equal # of Buyers as Homes for Sale—Price is Stable
- More Homes for Sale than Buyers—Price goes down
What kind of market is it?
- Seller’s Market, Balanced Market, Buyer’s Market
- 6 months supply of homes is a balanced market
- Less than 6 months supply is a seller’s market
- More than 6 months supply is a buyer’s market
Do you want to sell? These questions will help a real estate agent find the best way to help you.
- Are you downsizing or upsizing?
- Do you need to be near children or parents?
- Do you want to live in a certain neighborhood or area?
- Are you living a different lifestyle for the season of life?
- What are your most important MUST HAVES?
- What are your personal circumstances?
- Do you need a mortgage with a low interest rate?
- What do you owe on the home?
- Are you debt-free?
- Are you paying cash for your next home, or do you need a loan?