Real Estate: It’s ‘GO TIME’ for both Buyers and Sellers

By Matthew Trudel

We are almost halfway through spring, however, it seems like spring is really just about to begin.  Most of us have very little for snowbanks left, or maybe none at all.  The days are getting warmer and the grass is starting to green up a little bit.  Taxes are due in a week which means most potential buyers have already filed and are waiting to hopefully get a refund to help with their down payment or closing costs.  The market remained a strong seller’s market throughout the winter.  Inventory is still at an all-time low and interest rates are still very low, although they have creeped up a little lately.

About two weeks ago I noticed there were only seven homes on the market in Windham not under contract, three of the properties are overpriced in my opinion, the other four had only been on the market a couple days.  At the time of writing this article, those four properties are now under contract.  

While checking on that information I can report there are now 11 properties for sale in Windham that are not under contract and not including the three overpriced homes I mentioned earlier. Eight out of the 11 homes have been on the market for under a week and the other three properties have been on the market for 11 days or less. 

There are a lot of buyers out there and I expect we will see more buyers entering into the market over the next month or two.

So, Sellers get yourself geared up and your property in the best shape you can because this market isn’t going to see any slowdown anytime soon.  Sellers who are thinking of selling this spring or summer should have already found an experienced Realtor who knows the local market.  If you haven’t done that already, then give me a call and we can set up plan to get you the most money in this incredibly hot seller’s market.  Get your spring clean-up done, the gardens prepped, and that honey-dew list finished.  The time to sell has arrived and this is the year to do it. 

There are no guarantees on what next year will bring so don’t hesitate to act now if selling is in your future plans.

Buyers who are just starting the process or thinking about purchasing a new home this year, it is also time for you to get geared up and make sure your financing is in order.  You should have already interviewed a few experienced Realtors and found one that you feel confident can represent you well.  They should be knowledgeable about the local area and have creative ways to give you the edge when putting in that offer on your dream home.

If you have not done that, then you too can give me a call and we can go over some of the very successful strategies and techniques I have used to get my client’s offers accepted over other competing buyers.  Things happen quickly once a new property hits the market, and you want to be fully prepared to move fast and to make well informed decisions or you might miss out on a great opportunity to get the house you want.

Whether you are planning on buying or selling this year, it is an exciting time for both parties with so much for them to look forward to.  Buyers are thinking about the things they hope to find in a new home -  perhaps a fireplace, workout room, pool, big garage, and list goes on and on.  That list you want to be sure your REALTOR knows inside and out. 

The more they know about your desirable and undesirable features in a home, the more time and energy they can save you.  Sellers are mostly excited about what the final number they will receive from the transaction will be.

Although many sellers are also excited to see who is going to be moving in and enjoying their home in the future.  If you have any questions as either a buyer or a seller, feel free to call or email me at any time.  If you have a suggestion for something you would like me to write about regarding real estate, I would like to hear about it.  <

This article was written by Matthew Trudel, Broker and Owner of Five Star Realty, Windham. (207) 939-6971.