In the dynamic world of real estate, understanding market conditions is key to making smart decisions, whether you’re buying or selling. As Michael Murphy, a broker with Lake Homes Realty, wisely points out:
“That’s where I’ve been coaching clients, is that even if they are spending 10 grand on the front-end, you’ll make it back on the back-end, and even make an extra 40.”
This sentiment highlights a crucial aspect of the current market: the significant return on investment that can come from making a property presentable. Murphy further elaborates, stating,
“I wouldn’t say it’s a buyer’s market, but it’s not a seller’s market either. There’s still a lack of inventory, but you can’t not have it presentable.”
This insightful perspective offers a valuable roadmap for anyone looking to enter or exit the real estate arena. It suggests that while inventory might be tight, the condition and appeal of a home are paramount.