In Millerton and the surrounding area we've been fortunate enough to have had buyers take advantange of the first time home buyers credit program. Now, with the program coming to an end on December 1st, buyers are thinking hard about offering on a home that they can afford. Yesterday, September 28th, I closed on a home listed for $215,000. The selling price was $200,000. The sellers were very inspired to list the house for the current market and, therefore, we were able to sell the home. Over the last several months I've interviewed with several prospective home sellers who, for one reason or another, want to sell. After performing a free market analysis of the local comparable "solds" and the current "for sale" listings the indicator was for a much lower listing and selling price than the home owner expected or needed. My advice to them was to not list their home unless they really needed to sell it. In most cases that's ok, but in some cases I'm finding that some of these home owners really need to sell. If you have to sell, you have to be realistic and you have to understand that this is a buyer's market. Remember also that your property will have to be appraised by the buyers mortgage lender and that right now if your home doesn't appraise, it doesn't sell. My office is here to help. If you have to sell, call us and we'll talk with you about the different options for selling in a difficult market.
