Featured Story;
What’s the Scoop?
I love how kids see a home. They see a room for a fort, a yard to play in, and, most recently “a perfect place for an icecream party!” What a great set of priorities! So in honor of a little girl who saw a lot of homes with us and her parents recently, I am going to explain our current market in terms of, yes, icecream.
First of all, it is a hot market, so the icecream is melting fast! If our buyers see a tempting home with all the fixings, they know they need to move on it fast or someone else will. We are seeing multiple offers and short market times.
Values have adjusted, but not like you think. The media is telling us that the market values are increasing 5% or more. You may be thinking you can take the triple scoop serving your home was worth and add a pile of whipped cream and all the toppings you can imagine to match today’s value. Instead, the reality is that your home has decreased in value to only two scoops. When we say values are increasing, the toppings get added to a double, not a triple scoop serving.
Short sales. Think of that flavor of icecream you never thought you would try. One day you got your icecream scoop and it was that flavor. You tried it and it was not as bad as you thought it would be and it was, after all, still icecream. That is how we need to look at short sales. They may not be what we wanted as a seller, but continue to be the most commonly consumed flavor. Let’s face it, it is not fun to have paid for three scoops and only get two scoops – especially after all the sprinkles and toppings you had added!
One last thing: If you are even considering that YOUR home is a nice place to have an icecream party let us know! We may have the perfect buyer ready to go! Most are hungry and ready to purchase and close in 30-45 days.
One scoop or three scoops, this market still offers a little for everyone – and maybe even with a cherry on top!
