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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Arlene and Thomas Gonnella
Weichert, Realtors
505 Millburn Avenue
Short Hills, NJ 07078
Office: 973-376-4545 x190
Cell: 201-306-1357
Res.: 201-978-3776
Fax: 973-912-0072
Arlenegonnella@gmail.com

Arlene is the #1 Agent in the Millburn/Short Hills Market for 2004, 2005, 2006, 2007, 2008 and 2009 per GSMLS and the #1 Agent in the Entire Company for 2002, 2004, 2005, 2006, 2007, 2008 and 2009

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