Important Information for Buyers and Sellers in 2015

I have always believed in the wisdom of viewing our homes as a long-term investment. Our company and our communities have been built on countless satisfied homeowners doing just that, generation after generation. Such satisfaction reaches deeper and farther than any positive economic or market trend. The right home for you will always be more than an investment on paper. It will literally shelter and nurture your dreams.

A New Home For The New Year?

Advice for Buyers:

If buying a new home is on your list of New Year’s resolutions, our sales associates have told me that the best advice is this: if you see a home that meets your needs, act on it quickly, before another buyer does. It could take a while before you find something else you like. Prices are beginning to rise modestly in some areas, and with interest rates poised to rise, you won’t be able to buy as much home later as you could now.

Advice for Sellers:


If you need to sell your current home before purchasing a new one, this is a good time to list it for sale. I believe the first quarter of 2015 will see a lot of buyer activity as the threat of higher rates and improving consumer confidence drive more buyers into the market.

 

But sellers need to be aware that buyers are using their heads, not their hearts, when selecting a home. Fairly priced houses in good condition with no functional obsolescence will sell quickly. When you put your home on the market, consider it as your grand opening — everything must show at its best from the very start. Our sales associates report that nicely staged properties, priced correctly with no deferred maintenance, usually sell within a month. Often they receive multiple offers!

 

On the other hand, houses will remain on the market for a significant time if they are not in very good condition and if functional obsolescence hasn’t been factored into the price. Our experience shows us that the longer a house is listed, the less its eventual selling price will be. Your BHHS Fox & Roach sales associate can help you determine what needs to be done prior to listing your house, ensuring it is priced appropriately to sell quickly and for the maximum amount.

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~ by marilynotis on January 10, 2015.

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