June 10, 2016
Summer is here and we all enjoy the fabulous weather and being outdoors. Summer instills new energy and a positive attitude that is reflected in everything about Eastern Connecticut including the local real estate market. It is no secret that real estate sales surge in the spring and summer. This has created a new issue for us in the real estate business: scarcity of inventory. Its a problem, and in many ways, a good problem. If you are selling a home it won't take you as long as if you had marketed it a couple of years ago. Buyers are learning that locating the ideal property is more difficult, with less choice. Prices are also just beginning to flex under this new market pressure. More buyers, less inventory, all means prices will have to go up.
Advice for sellers: The market is good, take advantage of it. If you need to sell call us today for a free market evaluation. Listing this summer should insure your success in selling.
Advice for buyers: Don't wait, now is still a good time to buy. We haven't seen significant price increases, there are still deals to be had. Interest rates will be going up soon, avoid the uptick. Call us today to see how much you can afford.
Advice for tenants: Why are you still renting? You can buy and actually save money, have a nicer home, get tax breaks and build equity. Don't wait, the sooner you buy the more you will save. Call us!