Pricing it right makes all the difference!
The gap between the sellers price and what the buyers are willing to pay is finally shrinking. It has taken almost 18 months for sellers to realize that the 2004 and 2005 prices are a thing of the past. The good news is that when a seller gets their price right, there are buyers who are ready to make an offer. In fact, we have recently seen and heard about homes once again getting multiple offers. Pricing your home too high and waiting forthe right buyer in my opinion, is a bad idea.The longer it is on the market, the less chance you will even get an offer must less onewith which you would be happy. By you and your Realtor lookingat the comps and then pricing it aggressively, you will have a much better chance of receiving an offer that will be acceptable to you.
It’s Official—The Spring Charlottesville Home Buying Season is Here!
The Spring home buying season is here in Charlottesville, VA. Before you venture out to view Charlottesville homes for sale, farms and land for sale, why not be prepared to take full advantage of your house hunting time. Take a look at these helpful tips which will make your house hunting trip more productive:
- Before we begin our home search, we will eliminate any Charlottesville properties that do not meet your search criteria. This includes homes that fail to meet your price range parameters, your requested number of minimum/maximum bedrooms and baths and any properties that do not match your Charlottesville property type.
- Wear the appropriate clothing and comfortable shoes while you are out and about previewing homes
- Limit the number of Charlottesville homes you preview during your house hunting trip to 6 or 8 Albemarle County properties per day. Why? Because after the sixth property, all properties begin to blend together and it’s difficult to remember the unique features of each property you have visited.
- Remember each property you view by maintaining a notebook of the Charlottesville properties you’ve seen. I also recommend you take notes on each property to track property features, likes, dislikes and other valuable feedback. To help you remember each home’s features, bring along a video camera or digital camera to document each property.
- Never go house hunting on an empty stomach. I will supply plenty of drinking water especially during warmer weather.
- If you have small children, it might be a good idea to hire a sitter during your initial house hunting trip. Once you have narrowed down which homes deserve a second look, then bring your children along to include them in the experience.
- Be sure to consider the amenities of the neighborhood or area. Remember - you’re not just buying a home, you’re also buying the area and the lifestyle it conveys.
What other Charlottesville house hunting tips would you add to this list?
Happy House Hunting,
Your Charlottesville Real Estate Resource
P.S. If you would like to know more about financing a Charlottesville home, be sure to read this post at the Charlottesville Real Estate Blog.
Taking advantage of a market vs the market taking advantage of you
We all know that in most situations sellers are having to reduce the price of homes to get their property sold. However, there is a silver lining. Assume that a seller has to reduce their $400,000 home by 10% to get it sold and are interested in moving up to a $600,000 home. Selling their home @ $360,000 on the face of it shows a $40,000 loss. If you consider the $600,000 has to reduce by that same 10%, in actuality, there is a $20,000 positive difference in the two transactions. In a strong market, the seller would have sold their home for $400K but they probably would have had to pay $600K for the home they want to purchase.
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