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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Michelle Koch
RE/MAX Associates
6629 S 1300 East
Salt Lake City, UT 84121
Phone: 801-641-8724
Fax: 801-365-3311
Email: Michelle@MichelleKoch.com

Prior to my real estate career I was working in the Hospitality Industry for 15 years specializing in Luxury 5 Star Hotels. That management foundation has provided me with the necessary background to service my Real Estate clients with excellence and dedication. My husband, Rob Davis, joined me in real estate in 2002 and together we have a very successful real estate company and are proud to work for RE/MAX Associates.

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