Whether you’re buying or selling a house, here’s something to think about that most people don’t. Your decision doesn’t just impact your life and your family’s, it sparks a ripple effect that has a positive impact on your entire community.

Every year, the National Association of Realtors (NAR) puts out a report that breaks down the financial impact that comes from people buying and selling homes.

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Berkshire Hathaway HomeServices Smith Mountain Lake Real Estate agents and their guests gathered on Thursday at the elegant Waterfront Country Club to celebrate our 2024 Network Awards Dinner. It was an evening filled with joy, camaraderie, and recognition of our hard-working agents. Guests enjoyed a lively cocktail hour, sharing stories and laughter, setting a joyful tone for the night.

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Some Highlights Before you even start looking at homes, there’s something you should do first – and that’s get pre-approved for your mortgage. Pre-approval is when a lender checks your finances and decides how much you’re qualified to borrow for your home loan. This helps you determine your budget and makes your offer stand out for sellers. ​Connect with a trusted lender to get the process started.

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For years, sellers have had the upper hand in the housing market. With so few homes for sale and so many people who wanted to purchase them, buyers faced tough competition just to get an offer accepted. But now, inventory is rising, and things are starting to shift in many areas.

So, is the market finally balancing out? And does that mean buyers will have it a bit easier now? Here’s what you need to know.

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