- There
are about 1600 homes and 1700 lots on the Watauga/Avery MLS
alone. Regardless of the price range, there are plenty of
houses to choose from. Just a few years ago inventory dropped & a
buyer was forced to make compromises if they were going to
purchase the home of their dreams.
- In 2006 we had one client that made
an offer on ten homes. They lost the first nine to the 'feeding
frenzy' that existed. Other buyers bid the properties up
substantially from the original listing price. There isn’t
competitive bidding in this buyer's market.
- A few years ago when you made
an offer, the only question was how high above the list price
could the buyer reach in hopes of being the best offer on
the table. Today the sell price list vs. price ration is
about 96%. A seller will not be insulted if you just make
them an offer.
- In the hot seller's market that
existed everything was rushed. Hurry up and make the offer.
Today a buyer can look at several homes and think about
your decision for a while.
- In this market
a buyer is encouraged to obtain a home inspection and appraisal.
In 2006 many buyers waived these contingencies in order gain
an advantage with multiple offers.
- A few years ago
a buyer had to 'play games' if they wanted a new home. Now
there are more than enough “spec” homes to choose from.
- After a buyer completes a home inspection,
they are allowed to submit a repair request to the seller.
In the past a seller might insist the home was sold 'as is'.
- It is estimated that one third of all
sales in 2005 were to investors. These non-owner occupied
buyers caused the market to inflate and affordability to
decline. Now’s a great time to buy without having to compete!
- Today's buyers can find homes closer
to the places they want to be and afford it!
Sarah B. Long
Broker/Realtor Vincent
Properties, Inc.
(828) 773-2413 (cell)
(828)295-0700 (office)
Sarah@vincentproperties.com
