The best article written in months was offered recently in our local paper The Union! Thanks to many for their contributions. My comments are that right now it is very difficult to gauge the market by an overall picture. Price range can determine if it is indeed a buyer’s or seller’s market. In Grass Valley in particular, the market is pretty aggressive in the under $350,000 range. The houses are not “flying into escrow” but the buyers are taking slow measure to determine the best buy for their personal needs. As a result they are being more confident in making their choices and are expecting homes to be ready to go. If there are repairs to be made, the sellers are waking up to the fact that if they DON”T make those repairs, they might just lose their transactions. Buyers are not messing around with sellers who think they can sell a home that has massive repairs. The flip side of the coin is that the buyers are often being greedy with their expectations. Those are hard words to write yes, but buyers this summer have been unrealistic in what they expect sellers to repair. I always tell my sellers and buyers to have no expectations, but to ask for and expect to repair “health and safety ” items. Electrical, plumbing, and wood repairs should be made when they become apparent. And if you have a septic system that requires repairs, it is indeed up to the seller to make sure that the buyer have a home where “flushing” works!!!
Have more questions? Read this and then call me. I am happy to buy you a cup of joe and discuss it with you!