The Good, The Bad, and the Ugly AKA “Still Listed”
Inventory is up, interest rates are causing some uncertainty, and buyers are still buying but are mostly only interested in “move in ready” homes. If you are trying to sell and your price isn’t up to par with your condition, you might be waiting a long, long time for that perfect buyer to come around. Most buyers are looking for “bring my toothbrush and I’m done” homes. We are still working with the buyers that are looking for a home to fix up themselves but it’s few and far between and they are not paying market value (or in some cases anywhere near market value) for these properties. Advice to buyers…negotiate! In some cases, good ‘ol fashioned negotiation is back in action. Ask your agent for their advice, though. There are situations where this isn’t working. Advice to sellers… make your home PERFECT and, more importantly, price it perfectly for the quickest, most favorable results.