What You Don't Know About Tallahassee Homes For Sale Can Hurt You
If you are thinking about selling a home or buying a home sometime soon, a quick study of the Tallahassee homes for sale will give you an idea of the supply and demand that you will likely encounter.
Just recently, I was contacted by somebody planning to move to Tallahassee who wanted to know what she should do prior to her first meeting with our company, and I immediately recommended that she log into our property search tool to check out what she should expect to find among the great listings here in North Florida.
Knowledge of the inventory gives you an advantage in the Tallahassee real estate market, you just have to know how to apply it.
View Tallahassee Homes For Sale Online
The biggest advantage homebuyers have today (versus a long time ago when I first got into the business), is that they can do comparison shopping online and become fairly well-educated on real estate values.
I recommend new-comers to start with a map-based home search like you see below, and use a broad price range to narrow your scope. Start wide, then narrow the price range to discover the local fluctuations in value. For a basic map search, the parameters can be changed at the top of the map.
Understanding Supply And Demand For Your Home Search
When you look at homes without a understanding of current market trends, then you don't fully grasp your best position for negotiations. Think about it ... would you offer a really high price for a home with tons of competition (many listings for few buyers)? How about going in with a low-ball offer on a home that is receiving multiple offers? Neither method would be a smart way to buy a home, right?
We use supply and demand to guide our buyers and sellers during the negotiation process, because one size does not fit all.
Take a look at the following real estate graph. Can you see how different price ranges reveal different market conditions?
There are four distinct regions on this graph. Positions 1 and 3 represent price ranges where the market is in balance, thus well-priced homes will be heavily trafficked and they will get full-priced (and often multiple) offers.
Positions 2 and 4 represent price ranges where there is still a glut of supply. More than half of these homes will fail to sell, so home sellers won't likely be able to negotiate as strongly as sellers in a balanced market.
Note that this graph covers the overall market. Buyers who are closer to making a decision should be studying supply and demand for the area and neighborhood in which they plan to buy a house. The market is not the same across the board, take the time to know what is going on if you want to get the best deal.
Finally, work with a real estate agent who can prove to you an in-depth understanding of supply and demand for homes like that which you are seeking.
If you would like us to show you how we can help you evaluate the Tallahassee homes for sale, just drop me a note and we can schedule a time to help you make a winning move.