The spring real estate market is approaching, and this year there is no federal tax credit to get wary buyers off the fence.
A recent survey of 3,500 U.S. homeowners and renters conducted for the National Association of Realtors by Harris Interactive found that 60 percent of those who would like to own a house worry about job security and creditworthiness.
That said, some area real estate agents say they think the market may be rebounding because prospective buyers fear interest rates are permanently back on the upward trajectory and they need to get in the game.
In a market where financial motivation is canceled out by financial apprehension, the state of each house for sale becomes even more important to getting a deal done.
Buyers are still looking for “perfection, with comfort.
Sellers who have let things slip may have a lot of work to do before their house can be considered ready for the market.
Deferred maintenance “is almost a death sentence” for a listing these days. “Things like nail pops and settlement cracks, while often easily repaired, are not being tolerated.”
Because, buyers surmise, if there are nail pops, there must be something wrong with the rest of the house.
Home inspectors typically enter the process after an agreement of sale is signed, examining nooks and crannies under the watchful eyes of agents for both anxious sellers and edgy buyers.
The Earl of Real Estate™ Team
Keller Williams Realty
Phone: 571-926-9230
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