The New Normal for Real Estate

On November 15th, 2010, posted in: blog by Chris Abington

Whether you are looking for neighborhood information or finding the right home, or wondering how much your home is worth... I'm glad you stopped by!

We are now experiencing what I am coming to realize in the real estate market in the River Valley is a new normal.  Housing prices are becoming more stable than a year ago and buyers are beginning to find their way back into the market.  However as a seller you should realize this is not the same market as when you purchased your home.  Especially if it was in the last 3 years.  An appraisal that was done prior to the last 6 months will most likely do you no good in today’s market.  There has been an adjustment in price and like in  any open market, the real estate market  has experienced some changes.  Some good changes and some not so good.  It is as important now as ever to pay attention to small details when selling and make sure your home is in the best shape in can be in to compete in this market.  Having a home inspection prior to selling and staging your home are investments well worth the money to sell in today’s market.  Pay attention to the most recent sales as well as the homes actively on the market in your price range.  Buyers are aware of the competition so sellers would do well to do the same.

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