Today's Market Trends in Beacon NY
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Curious what your home could be worth in today's market? Having an Expert come and look at your home is the only way to get a real market value.
There are many factors in what makes one home more desireable than another...
Looking on Trulia or Zillow to see what your home is worth is like comparing apples to oranges...I can give you expert tips and opinions on the Beacon Sales Market.
I recently had an open house in Beacon NY and one of the buyers visiting said "this house is over priced" it's about $200/sq ft and I couldnt' argue with the buyer because he was right.
His other comments were that over priced homes are just sitting on the market. I couldn't argue with that statement either...or the fact that he felt the house needed too many updates. I pointed out to him, with a Realtor's help, he can see real market values for comparison. He could make a decision if this home was worth bidding on....
If a buyer knows the market trends and knows that a house is over priced, they have the option to put in a real market offer based on the homes' desirablity; if it's not updated we would take this into account. But, as in Beacon NY, when homes are selling fast there are other things to consider when buying. When a buyer knows they want a house regardless of needed updates, they quickly realize, they might not get the home if they offer too low and or they might also end up in a bidding war. We've all heard of "Buyer Beware" and "Buyer's Remorse" but I've come across too many Buyers that have lost out on too many homes who've learn they must act faster and more competitively.
Buying a home is a little like this old saying:
"A Home is only worth what someone is willing to pay for it"
I know that sounds crazy, but if you have enough money and you are willing to out bid a normal sales price, that home could be yours....and in a market of bidding wars in a desirable town, we are seeing more of this. Some homes may not be appraising at the sales price, but when you're putting down "no contingencies on appraisal" and you have plenty of cash towards purchase, you don't have a problem. whereas a normal buyer would.
Here is a broad range graph on Today's Market Trends in Beacon NY
Call your local Expert, who has focused on selling homes in Beacon NY for the last 10 years,
Crystal De Raffele
NYS Lic. Real Estate Salesperson
(845) 416-4281 cell