In a market as fast-paced and ever-changing as real estate, there can be a lot of questions about the buying and selling process. Questions we receive most frequently are:

When should I buy/sell?
What is the average selling price for homes similar to mine?
What can I expect to spend on my next home, based on my preferred location and style?
Where is the best area to invest?
Do properties in my area sell above or below asking price?
How long are properties in my area on the market?
What is the inventory for homes in the area I am buying and/or selling?

As you can see, there is a lot to track when it comes to the real estate market. Helping clients buy and sell is a full-time job for professional REALTORS who will help you each step of the way.

At Marx-Bensdorf, REALTORS, our real estate agents handle every step of your real estate transaction. At the same time, we pride ourselves on being honest and as transparent as possible when it comes to buying or selling a property. We are on your side, and we want your best interests to be served, both now and in the future.

The Current Real Estate Market, At-A-Glance

One way that we keep clients informed is through Market Snapshot. When you sign up for Market Snapshot, you receive a report within 30 minutes, directly to your email inbox. This report is a little different for buyers and sellers, and can offer information based on the details you provide.

For instance, as a seller, you can input your current address, give details about the property (home, condominium, etc.), and the number of bedrooms and bathrooms. As a buyer, you can input your desired zip code, your budget, and what type of property you are seeking.

From these details, you will receive a dashboard that gives you the most important information you need to know, in a format that is easy to read, navigate, and understand.

Dashboard Details

On your personalized dashboard, you will first notice the following metrics based on the zip code you provided:

• Average asking price
• Average sold price (the percentage above or below asking price)
• Average days on market
• Homes for sale (the percentage increase or decrease in inventory, which also determines if it is currently a Buyer’s Market or Seller’s Market)

Below this data, you can then see actual homes for sale in your current home’s zip code or future home’s zip code. The homes that are listed can be viewed by the following categories:

• New For Sale
• For Sale
• Sold
• Pending
• Expired/Cancelled

From the homes that are listed, you can click on an image and be taken to more details about the home, including the selling or purchase price, photos, and more.

Why Use Market Snapshot?

As the economy improves, the real estate market is in a state of change and in some areas the change is rapid. At the same time, home sellers and shoppers are going online to get the latest information. To keep up with this trend, Marx-Bensdorf has found a way to deliver accurate, up-to-date details about the real estate market, but in a way that is specific to your home buying or selling process.

Unlike other real estate websites and apps, Market Snapshot is a report that is tailored just for the property you are selling, or for the area where you are house hunting. National websites and apps only know information based on wider trends, not from a local perspective.

For example, features such as Zillow’s “Zestimate” are typically inaccurate. The statistical estimates may be flawed, sometimes using out-of-date information, sometimes including on inappropriate areas may be flawed and sometimes not taking into account the market appeal of certain features. Broad estimates leave room for errors, as they may not take into account the demand of certain school districts, the popularity of a neighborhood, or the nearby amenities that can affect the true value of a home.

Market Snapshot as a tool and one of our experienced, professional Realtors can guide you toward the most beneficial outcome for your home purchase or sale.

Only With Marx-Bensdorf, REALTORS

If you are buying or selling a home in the Mid South area, why would you use anything but the best? With Market Snapshot, you have immediate access to the latest listings, accurate data, and clear insight into the best times and areas to buy and sell.

This tool, which gives custom results to Memphis and the surrounding area, pairs perfectly with the help of our Realtors. Our firm is recognized time and again for professionalism, performance, ethics, and a broad depth of experience. We are continually making improvements and investments in our strategies to best help our clients buy and sell real estate in the Mid South. Market Snapshot is just another way we are providing what our clients want and need, making them feel more confident in their real estate transactions.

Register for Market Snapshot today to receive an updated dashboard of your home’s area, or to learn more about the area where you are house hunting. For more information about home buying and selling, please contact one of our Realtors today.