Over the last two years, it's been challenging for us real estate professionals to ascertain the true market value when listing a home for sale. The adage goes that "a home is worth what a buyer is willing to pay for it." And this is a good guideline to keep in mind -- for both buyers and sellers.

There are many exceptions to rules and adages, though. To name a few: motivation for selling a home, and a buyer's motivation to buy are both significant influences on the "price" decision.

These are important components in the sales process that no broker can determine, but only guide.

Going into 2010 after a couple of years of economic downturn, we've all reevaluated our needs and desires, and we've often found that we can be happy with less than we were accustomed to. That new perspective on material needs certainly applies to homes as well, and has strongly influenced residential sales patterns over the last two years.

All real estate markets may go up and down, but over the long term, the purchase of a residence has always proved to be a solid financial investment. However, it's important to remember that you're not just buying property, you're buying a home.

There are no foolproof indicators to tell us how the financial markets are going to move.  But I can tell you from long experience that it's a good thing when residential property inventories are low. This is our current situation which means stronger prices: supply and demand.

Let me know how I can help you. As a top producer in our local real estate markets, I'm well-equipped to assist you in navigating the increasingly-difficult buying or selling process, and helping you choose the best options for your life.

Warmest wishes for a happy holiday season,

 

Vanessa