There is renewed energy in the air as we see significant progress and momentum with building, repairs, & revitalization within our communities. Equally important, there is a palpable among residents, businesses, and visitors.
Now that there is a definitive timeline for opening the lake, if you’re looking for a deal, it’s going to be right now. Prices aren’t going to be getting any better.Expectations of value will be stronger as we get closer to the official opening of Lake Lure, and we anticipate prices will only be going up from here. There are many motivated sellers out there and others who have been waiting for the right time to put their home or property on the market, and now is the time for each to make a move.
We expect inventory to increase exponentially as we approach the lake reopening. What this means to buyers and sellers can be looked at in different ways.
A larger inventory of properties for sale not only offers buyers more options, but also more reasons to start looking. Along with that comes more leverage in negotiations favoring the buyer. Buyers are now realizing if they don’t come forward soon, they’ll lose a chance to secure a deal they’ve been hoping for, so showing activity has been increasing.
With more competition, motivated sellers may need to come to the table with more flexibility and creativity to make a deal happen. Anything you can do to attend to items that may be distracting to a buyer will make a significant difference toward tipping the scales in your favor when buyers are considering multiple options.
Be sure your property is in the best shape possible for meeting most buyers’ wants and needs, who tend to seek move-in ready options with minimal to no deferred maintenance. A little time and effort now toward preparing your home for market will make a tremendous difference toward helping buyers choose your home over others.
Typically, thorough cleaning of the house inside and out goes a long way to ensure a positive showing experience. Additional considerations start with making sure your gutters and downspouts are clear of debris, freshen up any needed painting or staining, handling any deferred maintenance items, and attending to landscaping.
Getting a fresh set of eyes on everything from your real estate agent’s perspective is important. If you aren’t yet working with a real estate agent, we are always happy to schedule a visit with no obligation to look things over and discuss some strategies that make sense for your individual circumstances.
It’s important to get in touch with your contractors as soon as possible, so they can get you on their schedules and complete any desired work on a timeline that works for you.
If you have any questions, would like to receive market updates, or request a topic you would like covered in an upcoming column, please let us know – we would love to hear from you! Emailing us is the best way to communicate important information to us, as Wes and I share the same email.
Wes & Cathy Cleary of Team Cleary Real Estate, Inc. are experienced REALTORS® who work full-time as a full-service real estate team serving NC/SC. Lake Lure homeowners since 2002. TeamClearyWNC@gmail.com; Wes 828-785-2115; 828-808-6790 Cathy; www.TeamCleary.com.
