The NoCo Real Estate Market is undergoing some significant changes that both sellers and buyers need to know about and understand. Sellers have lost their overwhelming advantage in terms of marketing and selling their homes. Inventory has grown and price reductions are becoming more common.
Homes are not selling within hours anymore - many are sitting on the market and generally the time it takes to sell a home is taking longer. Pricing a home right is extremely important - overpricing costs a seller significantly both in terms of time and the final sales price they eventually get. Sellers are more willing to accept contingency offers and are even offering seller concessions. Discerning buyers are looking more closely at condition and quality of the homes too.
If you are a buyer or seller and would like us to help you better understand these rapidly changing conditions please contact us.