Friday, January 29, 2016

Sellers Were Asking: What does Today's Buyer Want?

WHAT DOES TODAYS BUYER WANT?

Dependent on family dynamics, today’s buyer is looking for a clean, move-in condition home with some updates.  The list often is not that long, but, the demand for move in ready homes is high.  

Let’s face it, typically, both parents are fully entrenched in careers, so, who really has the time to completely clean a home top to bottom before a move-in?  The emphasis becomes, useable space, upgrades and location.  Most of the visitors to your home will be pre-qualified for the financing, so, that is not the issue.  

Once inside, the suitability often comes down to updates and the outlay the new buyer will incur in order to purchase your home.  Think about storage.  Think about family space and what areas can be captured to assist in the decision.  

Lastly... clean, clean, clean!

Friday, January 22, 2016

Market Update: Market Conditions and Spring Forecast

Market Conditions and Spring Forecast

Still strong, the market did ease somewhat through the holiday season.  What a warm November and December we enjoyed this year in relation to what we endured last season. Mortgage rates are still low enough to move buyers into different price points.  That is good and bad as evidenced by the continual bidding war situations many are finding themselves in.  I just read an article written by a consumer about the strategies employed in purchasing in this type of market frenzy.  It really, really is a challenge and sometimes being the winner is really being the loser....for both seller and buyer.  Why?  Because, the afterglow of a bidding war for a seller, becomes the absolute tumultuous decision making process as they switch hats to the buyer side.  They now find themselves sitting at the side of a road in a cold car awaiting word on whose offer is accepted.  Our advice remains the same.  Really think of your bottom line on a home as it is the ultimate ‘winning’ buyer who sets the bench mark for the next home.  Folks, this is not the realtors creating the frenzy buying.  We are trying our level head best to educate and advise in a frantic time.