I am working on a contract today for an out of state client and in a moment of quiet I am reflecting on the changes in the buying process reflected in the current market.  I entered this business in a time when the seller was in control of the purchase. Basically, you placed your home or condo on the market at a price that suited you and watched as the offers came in.  Some homes even sold for more than the asking price!  There have always been the buyers looking for a bargain, and in that past market they very seldom got the “deal”.

 

Today I am writing an offer at a fraction of the asking price for a home with some expectation that a seller may actually accept the offer or at least not be insulted with the offer and begin a negotiation.  My buyers are strong and want a second home in the mountains.  They are not in love with a particular property but instead have identified a group of homes that meet their basic criteria of a comfortable family home in the mountains and are willing to make offers until they strike a deal on one of the group of properties.  What a change from the market of just 3 to 5 years ago.  I expect my buyers to be successful and purchase a home with instant equity.

 

Interest rates are still at historical lows, sellers are more flexible, inventory is good and summer is on the way with Lake Dillon, free entertainment, 5 wonderful golf courses, hiking, biking, 4 wheeling and world class fishing all within our reach.  If you looked this winter, come back and buy this summer before “those sellers” have their way again!  Take time to look at the homes/condos offered on our website...www.YourSummitRealEstate.com for more information.  Thanks!