Thursday, February 23, 2023 / by Brian Armstrong
Much has changed in real estate over the last year, and we are still seeing a rapidly shifting market today! In Vermont, home prices have started to level out after tremendous growth, some homebuyers have exited the market to wait for calmer tides, and more homes are on the market than there have been over the past couple of years. So, what does that mean if you are thinking about selling your home? Prepare for a highly competitive market! In this article, we will dive into several ways to stand out amongst your competitors while avoiding Mistakes so you can come out on top with your home sale!
How Your Home Is Valued Today
The best opportunity for your home to attract buyers is the initial period after the listing goes live! Missing the mark at this stage can heavily impact your overall sale. If you undervalue your home, you will likely sell it quickly, however, you will miss out on maximizing your home's potential value! If you set your price above the market, it will sit on the ; ...
Wednesday, January 11, 2023 / by Brian Armstrong
If you have been in the market to buy or sell a home in the last few months, your experience is drastically different from those who made a purchase just six months ago. For the past two years, uncertainty rattled the real estate industry and created a seller’s market. As we rounded into the new year, market shifts have drastically changed buyer capabilities, and we will discuss what that means for homeowners and how to overcome those challenges in 2023!
The Federal Reserve Hikes
Have you noticed that your shopping bills have been much higher over the last few months? Inflation has steadily risen, affecting the price of everything from milk and bread to assets like vehicles and homes. To combat this aggressive inflationary activity, the Federal Reserve, the central banking system of the United States, has risen national interest rates over the past year. Interest rates and inflation have an inverse relationship, so making an adjustment to the cost of borrowing influences the ov! ...
Thursday, November 17, 2022 / by Brian Armstrong
Ah, nothing beats a cold, crisp, and snowy winter season in Vermont! As a team of avid skiers and riders, it can be hard to pass up a day on the trail after a fresh snowfall, and we cannot be more excited for the season. When our agents aren't shredding down the mountain, they are out and about across Northwest Vermont, helping homeowners prepare their homes for sale. If you are considering selling your home this winter, here are a few proven strategies to help you succeed!
Clearing the Path to Success
Curb appeal is a key component of a successful home sale, and while things can look a little different in the winter months, a tidy property will stand out! As we close out the fall season, remove the remaining leaves from your property and your gutters before the first snowfall arrives. Once we see some snow, remember that a clean driveway and walkway can help boost your home's curb appeal. Homebuyers do not want to climb through snow to view your home and want to see what's underneat; ...
Wednesday, September 14, 2022 / by Brian Armstrong
Selling a home is a complex process! Appealing to the most buyers possible will often help you net the highest value for your home, which is usually the main goal for a home seller. The best way to maximize your profit is to prepare your home before you list, and market your home to leave a lasting impression on potential buyers. Here are some hot trends buyers are thinking about when buying a home and how to capitalize!
Nature is Dominating
From remote jobs to finding more entertainment from the comfort of your space, time spent at home has much more emphasis on buyers. Buyers want a home that is both calm and relaxing to wind down after a long day. One trend we are seeing is the attraction to bringing nature inside the home. No, we aren't talking about animals, we mean indoor gardens, hanging pots, and lush foliage. These are all examples of green accents that can encourage a sense of healing and liveliness. In addition to greenery, buyers are also interested in natural woods! ...
Wednesday, August 10, 2022 / by Brian Armstrong
Should You Wait Until 2023 to Sell Your Home?
Considering selling your home, but not sure if now is the right time? The real estate market is still complicated, so we understand why you are questioning the timing of your sale! Your home is a valuable asset, and you don't just want to sell; you want to maximize the value of your sale. So, let's look at where things stand as we approach the end of 2022!
Consumer confidence measures how people in the US feel about the current market. Right now, buyer and seller confidence in the nation has been falling as inflation and mortgage rates rise, as told in a recent report by Fanny Mae. Housing confidence has not been this low since 2011, indicating significant economic challenges in today's real estate market. "Surveyed consumers continue to express pessimism about home buying conditions, with only 17% of respondents reporting it's a good time to buy a home," according to Fannie Mae's report. "Meanwhile, the percentage ; ...