Consider this scenario: You’re at your local supermarket and notice that apples are on sale for $3.95 each. If you’ve ever purchased apples before, you know that’s a pretty hefty price. However, you remember hearing on the news about the “national apple market”, so you’re not surprised. After all, they’ve been saying that apple prices will be rising. Now, let’s say you’re driving home and decide to drop by the farmer’s market. You notice that one of the stands, run by a local family farm, is selling their apples for just $1.95 each.
Why is that?
The reason is pretty simple…The national apple market doesn’t always reflect what’s happening locally. In fact, the local market may be very different.
So, what does all this have to do with real estate?
Well, the same scenario can play out in real estate. You may hear on news about the national real estate market…about bubbles and rebounds and ups and downs. But that doesn’t necessarily mean the local Southwest Virginia and Northeast Tennessee real estate market is the same.
So before you make a decision about whether or not to buy or sell, Give us a Call to see how the Local Market is doing. Our agents are very knowledgeable about the local market and can help to price your home correctly when selling or negotiate the right price when buying.