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s we transition from October to November, local real estate experts are offering their perspectives on the Northland market. According to Deanna Bennett of the Deanna Bennett Real Estate Team, the current market is more balanced than it was in the spring, with a greater inventory of homes available. With over 27 years of experience, Bennett has navigated various market fluctuations and views the current slowdown as an opportunity.
She attributes the recent dip in sales to higher interest rates and increased homeowners insurance costs. To succeed in this environment, sellers must be more strategic in their pricing and staging efforts. "Sellers need to be cautious with their pricing," Bennett advises. "It's essential to work closely with a trusted realtor who can guide them through the process."
For buyers, getting pre-approved and finding a reliable realtor is crucial for entering the market before the post-winter rush. Jessie Erickson of the Deanna Bennett team suggests starting by attending open houses to get a feel for different properties. "It's all about that gut feeling," Erickson says. "You need to step foot in the houses to know if it's the right fit." By taking these steps, buyers can position themselves for success in the Northland real estate market.
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