Sometimes the months sneak up on me and this one sure did. I thought I would touch on an interesting real estate fact. One of the things everyone who owns or is about to purchase real estate should know is national real estate trends/statistics are a good start, but the local market may or may not fall in line with national trends. This becomes extremely important when writing offers or deciding on a price to sale your home.
Point in fact, I went over the latest information for Plumas Lake with a potential buyer who thought she could buy a home by writing “Low Ball” offers. By the end of the conversation I was able to show her why that would not work in this particular market since homes have been selling at or over the asking price in most cases. Now, this doesn’t mean a buyer can’t get a good deal on a home purchase. I just got an offer accepted in Plumas Lake for $13k under the asking price and the seller is paying some buyer fees too. This is where I come in and negotiate a fair price based on market conditions, buyer and seller circumstances etc. The buyer let me handle it, and he is getting a great deal on a home.
The key point in the above scenarios is everyone needs a professional who will sit down and spend the time to educate them when they are making significant financial decisions, and this includes real estate. I feel extremely lucky to know you (my past clients) still call for advice and updates. It’s been great over the past several months watching people, who I advised to not short sale their homes few years ago, sell their homes for a profit. This is the value a reliable real estate professional brings. This is what Welton Realty is all about.