Many Buyers Are Ready NOW

I submitted an offer for a buyer yesterday. There were 26 competing offers. The price of the home was ~$200,000.

I have been doing this 17+ years and I can't remember that many offers on a home, other than maybe a seriously discounted fixer-upper or a bank-owned property.

How long will this last? I can't say for sure, but I predict a consistent market through August and if rates stay low and our state's health remains manageable, I don't see an end in sight. This doesn't mean there will be 26 offers on every home, and it doesn't suggest a buyer has little chance of securing a property. Be prepared and you will succeed.

This also doesn't indicate you can put a for sale sign on a home that isn't ready for the market (staging, landscape, etc ..) and expect to get the terms your neighbor will, if they do some basic things - as recommended by a Realtor they trust.

When should you buy or sell? My answer is still the same, after all these years. When *you* are ready.

Great related article: https://www.parealtors.org/some-buyers-ready-to-buy-now-thanks-to-covid-19/

Land, Views, and Garages

In today's hectic world, a number of people are looking for some room to breath and relax. This might mean a house on a couple of acres. It might mean mountain views. It might mean a giant detached garage w/ it's own furnace. Sometimes, with a little luck, you can find all of those things in one location .

Housing Shortage or Thought Scarcity?: A Common Sense Proposal

Photo by Roberto Nickson from Pexels With low inventory, BOTH buyers and renters are having a challenging time getting into a home. A solution, one would think, is creating more available homes. A gut reaction would be to build big developments, with large homes or maybe a condo complex. But what if you could build a home on your current property and rent it out? I see small towns around me push back, and a common reason is "parking" . Meanwhile, a quick drive down their streets will show plenty of parking. And get this, the people that would shop in the now almost empty stores in their town wouldn't need to drive there - they would walk. Another pushback I hear is that a new structure will create too much non-permeable space . It's always an interesting thing to hear from a sector that listens and smiles - but does nothing - when I talk about clean water bills, riparian buffers, and other common sense solutions to a healthy local environment. The more I learn a...

Warm Up -- Add Value --- Get Money

Save some big bucks on your heating bill and get $300 credit from the federal government if you install a wood burning fireplace insert by the end of 2011. Read all about it here . You may not be ready to sell now, but when you do --- it's a good idea to have a leg up on your competition. Most people prefer to have an alternative heat source. Many of us found that out over the weekend during the "Halloween Snow Storm".

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