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Real Estate Tips
Pricing >Market Trends

Last summer your neighbors put their house on the market and had so many buyers that they were on the winning side of a bidding war. Now you are trying to sell your home, and there's just no action.

The real estate marketplace is very unpredictable. Many factors come into play, the most important being interest rates and prevailing sales prices. In a strong seller's market, prices tend to escalate until they reach a certain point where buyers begin to just say no and listing inventories increase. When this happens, sellers who price their homes at the higher level of previous sales prices must re-think their pricing strategies. If they don't, their homes may not sell. Whether you are buying or selling a home, it is important to remember that the shift from a seller's to a buyer's market can occur very quickly. You can count on your agent for sound advice on what phase the market is in right now.

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Real Estate Trivia
Q 
What is the most expensive piece of property ever recorded?

A 
In October 1988, the Mediya Building in central Tokyo was quoted at 358.5 million yen ($248,000) per square foot.
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Edward W. Lui, REALTOR®, real estate agent and broker for Austin, Georgetown and Round Rock, Texas home listings, property and land for sale - NUMBER1EXPERT

Edward W. Lui
Mars Hill Realty Group

125 Village Park Dr.
Georgetown, TX 78633
512-554-9594
Fax: 815-346-5180
edwardlui@NUMBER1EXPERT.com

I am a Certified Negotiation Expert that will leverage my expertise and real estate knowledge for my clients. Call me today if you want full-service representation when buying or selling your home! I work in the Greater Austin, Texas market which includes: Pflugerville, Cedar Park, Leander, Liberty Hill, Hutto, Round Rock and Georgetown.

CNHS CRS EcoBroker ePro Equal Housing GRI REALTOR


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