Happy New Year and Best wishes to all Bloggers,
With the start of the new year and with business being on the crazy side of the line, I write to everyone with best wishes and warm regards for a prosperous new year. I thought this would be a good time to sketch out expectations & highlights for Buyers and Sellers in the Lehigh Valley Market this coming year.
To My beloved Buyers:
This is an ideal time to capitalize on this market. Lehigh Valley Homes under $250,000.00 are still moving at very good pace (average days on market last month in our office was about 45 - 50), so be keen on this market, don't let many opportunities wait or they will be gone. Anyone looking for homes over $300,000 in the Lehigh Valley, you can conquer this market. Sellers are getting are willing to talk and there is some inventory that is not gaining traction as in past years. SO this offers buyers a great time to pick and choose a property that is ideal for them. A word to the wise for my buyers, be careful of this approaching market, with low interest rates, and an economy that could strengthen, we may hit a hot spirt in 08 market. There were a lot of buyers that took a wait and see attitude and if good economic news hits in 08 we will see a rebounding market. So too truly take advantage of the situation now would be the best time to start getting serious, because the #1 rule of money is to BUY LOW - SELL HIGH. If you wait you may be buying on the incline and loose the golden opportunity that is NOW!
TO My Hopeful Sellers:
Pist here is a secret, marketing is the key to this market. Find a creative agent who knows how to get you in front of GOOD BUYERS. Asked about upgrading services to get better exposure, not just MLS, SIGN, Paper, and hopefully SOLD. We have had tremendous success here with our Sellers programs. We enroll our sellers in this program to get exposure on different web sites, our killer company web site for info, home books with demographic and school breakdowns to answer all buyers questions. All this marketing adds up! So redefine your home when it comes to marketing and you will be A OK. Also read the above, we could hit a good stretch here in 08 if everything plays out the way it should. So make sure your home is prepared for success in 08.
New Construction:
If you a Buyer looking at new construction, this is a great time to buy. A couple words of caution, make sure you have a good buy - sell program in place if you need to sell your home. Don't get caught shorthanded here and loose vaulable incentives. Also make sure your builder is reputable. If not BUYER BEWARE!
Thanks and Enjoy this Great New Year.