Princeton Town Topics – Let’s Talk Real Estate – June 13, 2007
IN THE GOOD OLD SUMMERTIME
Summertime is real estate prime time, when new For Sale signs appear in every neighborhood. Sellers who made repairs and repainted their homes are listing freshly decorated, ready-to-show properties. Families with children are eager to buy so they can move before school begins.
Price and condition of property are the two most important factors in any market. Buyers and sellers benefit by obtaining comparative sales information from experienced local agents or by purchasing professional home appraisals, which provide an objective opinion of real market value.
What can we expect of this year’s summer market? Competition is highest at this time of year for the most desirable properties. Multiple offers are still common in our area. If the property is in good condition, sellers can be assured of success. Homebuyers who are pre-approved for a mortgage loan are in a better position to make a timely offer on the right home.
The housing market usually slows down in late summer. Now is definitely the time to act!
