Three years ago, Summit County Sellers had buyers lining up to buy their property. They were getting top dollar and receiving a nice appreciation.
It isn’t a surprise that it is a buyer’s market out there which is great news for buyers, not so great for sellers. Sellers are no longer in a position to dictate the rules of the game and have to be careful how they respond and counter to offers, due to the fact that if a buyer doesn’t get his way he might just move on to the next seller, and there are a lot of sellers out there.
Summit County is usually last to feel a recession and last to recover. Interest rates are still very low, and now is the time to get in the market for the buyer.
If you purchased your home in Summit County within the last few years, you should not expect to make any money if you sell today. This is the type of market we are experiencing. The good news is, if you owned a home in another part of the Country, you would be fortunate if you didn’t have to take a loss on your home. Also, if you purchased your home within the past 5-10 years, you will most likely be able to experience a return on your investment. The problem that we see is the Seller’s still want more money back, if this is the case than hold on to your property for a few more years.
There are a few difficult things about being a seller today. A seller doesn’t know how long it will take to sell his home and when he gets a contract he can’t guarantee whether another one will come or not. What this means is that if a seller has to sell his home then he has to be wary of scaring the buyer away.
The inspection is one aspect of a contract where a seller can lose his shirt. If trying to sell your home it is a wise idea to have your home inspected before listing your home. This way you can make the necessary improvements and will avoid being surprised by unexpected requests. Because sellers are not in a position to capitalize on their real estate investment it is more important than ever to be on top of things, in order to retain as much value as possible.
An experienced Realtor is incredibly helpful in maneuvering a tricky real estate market, enabling a seller to evaluate his home, price it appropriately and sell it in a reasonable amount of time. For more information give Leah Baxter a call 970-389-6367 or if you would like a free market analysis firstname.lastname@example.org – www.leahbaxter.com for a list of all the properties available in Summit County.