Do You Watch the Real Estate market?
Many people are interested in the local Real Estate market. Usually, when I talk to people, real estate comes into the conversation. If the home next door to you comes on the market, are you curious about the list price? And if the home across the street sells, do you want to know how much it sold for? Or the one across town or in the country . . . it was listed forever, wasn’t it? How much did it finally sell for?
Now for the truth of the matter, at least from what I’ve seen this spring and early summer . . . Homes have sold in this area, that completely defy logic. You know the falling-down home with the two-foot-tall grass, across town on ABC street? Well it just sold, and for a lot more money than logic would allow.
Mostly, it boils downs to the buyer. Almost every buyer sees a little something different in every property. The house that you or I say needs gutted and completely redone? Well, someone bought it and is making some modest repairs and turning it back into a “home”.
In this area of the country, you rarely find the “Flips” that we may have once seen. It is difficult for investors to buy a run down home and put a few bucks into it and put it back on the market and make money. Folks are buying them to live in them.
Long Time on the Market
Another surprise is the home that should have sold in a snap but didn’t. Do you know what I am talking about? The beautiful home on ten acres, with the great shop. It would suit any family, but it still hasn’t sold. Is it the location, the neighbouring industry, or the fact that it takes fifteen minutes longer to get to the club? If only we could pick it up and move it to the edge of town. Now we are talking 200k more.
Hang On, Sellers!
Whatever the case may be, sellers should try to be patient during this time. There are new buyers on the market every day. Today may be the day your home sells. As for the sellers of the homes that defy logic, you are the lucky ones. Yaay! For you, that’s great! Now go buy another home!
Now here is my sales pitch! No matter what type of home or property you own, I’d like to be your Realtor. I’ll do all I can to help you sell for as much and in the shortest amount of time possible.
Thanks for taking the time to read this. Give me a call and let get started on your next sale or purchase. I look forward to meeting you.
Until next time.