With Talega’s Hot Market, It Pays To Be Prepared
As we are all aware, the real estate market for Orange County in general and Talega specifically is very hot! There is little inventory, high demand, and homes are selling in record time. If you want to buy or sell in this market, how do you prepare? Here are a few quick tips for each side.
Discuss with your agent the buyer contingencies in a transaction as there are many and to be competitive, you need to know which ones you can waive or shorten to strengthen your offer. There is much more to an offer than just a purchase price. Allowing the seller to rent back, sometimes for free, is an example of what a buyer can offer to a seller that can be of real value in both dollars and the stress relief. When the market is heavily weighted in the seller’s favor, a buyer needs to be completely calculated in their strategy.
In the past, we were updating and really changing properties to make them sellable. Now with low inventory, buyers are willing to take on a lot more and still pay top dollar for homes. It is much different than just one year ago.
To read more about the current market in Talega, check out this month’s GREEN sheet!
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