The last few homes that have gone under contract this year have been not from local buyers but DC, Silver Spring, California, Pa, and New Jersey.
Our market is strong, and our prices are up but not as high as other places around the country. People see the value in our Baltimore homes, our proximity to DC, our International airport, our four seasons, our excellent choice of hospitals, health care, our Inner Harbour, excellent restaurants, and the fact that you can get a lot more house and land in Baltimore than in the other places mentioned above.
Maybe this is the time to monetize your home. If you got the price you have only dreamed about in the past, would you consider putting your home on the market? There are many buyers in all price ranges that are looking for excellent properties. They are well qualified and have the finances to move quickly.
They are getting frustrated by competition and multiple offers. Some even give up, stopping their search and moving their housing priority to other things, like travel and private education.
More buyers are ready right now, but they do not and will not compete with others. If you are thinking about selling your home at today's top prices, let's talk.
When showing one of my recent listings, I offered the buyer's agent the opportunity to return for a second visit. They were surprised since everyone else was putting stress on putting in immediate offers. I have always felt that you cannot buy a home on one visit. The decision is too great.
Yes, I know this is being done all the time. Multiple showings, multiple offers, multiple agents, multiple buyers going after the same property. It's easy when a home comes on the market. Everyone rushes to see it! Everyone is sure they will lose it if they wait. Is this the way you want to buy or sell your home?
Don't be rushed into making this monumental decision?
Have you ever seen an owner who made a mistake and sold based on listening to the media, the family, the friends, the neighbors?
Have you ever seen a buyer who purchased the wrong house?
Well, I hear the stories. Stories they are too embarrassed to admit like:
'We sold before we were ready. We were not prepared and had to compromise on our next home. We are living with family or renting, and our belongings are in storage.'
OR:
'We bought a house in a bidding war and now cannot sell our home. We might lose them both.'
We do not hear this from the media; we hear about the frenzy of the real estate market. Like everything sells at top dollar, in a few days. Hurry and get your offers in, or you will lose the house, and rates are going up, and you will be priced out of the market.
Please slow down
So you may miss a house or two. Make sure when you o buy it is the right home for you and your family situation.
Don't give in to the panic of the market.
Have a plan!
How much are you willing to spend? Does the house have all the important components? Will everyone in the family have their needs met? Do you have your next home secured?
Or are you just in a hurry to sell and get the highest price?
Are you just in a hurry to buy because you think you will miss out on the market?
Plan Plan Plan!
Talk to your family, to the decision-makers.
Know your likes, wants, needs, and choices.
Want to discuss your options?
Questions about buying and selling a Baltimore Home
Call Margaret Rome
Comments(13)