You
have to love New England. The extremes
of our weather can be crazy. But
sandwiched between 2-foot snowstorms and sweltering humid days – is Springtime!
April
and May are the biggest months in Real Estate. It’s our holiday selling
season. Summer and Fall are pretty good too but Spring is by far the
busiest. There is nothing like the optimism of warmer days and budding
trees to put people in the mood for buying and selling houses.
The
recent low inventories have created a sellers' market. And even as listings
increase with the Spring market, it’s still low when compared to last
year. Due to this, buyers can expect to compete against multiple offers
on houses they are ready to pursue.
Before
we all get excited about Real Estate prices going up, sellers cannot overprice
their home just because of low competition. The house still needs to
appraise for the value of the mortgage. Appraised value is based off
condition and the recent sale prices of similar properties in the market.
The key word there is “recent’ sale prices. Prices will inch up over time
but we can’t expect a huge jump all at once.
Smart
buyer will work with their agent to put in a fair offer at market value or just
above. Low-ball offers are a waste of everyone’s time in this market. Sellers don’t have to worry that there won’t
be another offer coming shortly.
If
the market were a teeter-totter it would be almost flat and balanced.
It’s a level playing field. If, as a buyer, you’re afraid of
overpaying or, as a seller, afraid of not getting top dollar, now would be the
perfect time to step into the Real Estate ring.
Sandy LeRette – Realtor® ABR –
Better Homes & Garden Real Estate / The Masiello Group – 436 Amherst
Street, Nashua, NH 03063 cell: (603) 661-7301
email: slerette@masiello.com
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