Looking back on 2012, we have seen a real turn around in the local real estate market at Lake Norman, NC! Property owners that once thought it would be impossible to sell their homes have seen buyers rolling in with contracts!
Of course when Thanksgiving grew close, the market started to quiet and has remained that way up to now, but prior to the emergence of the holidays, there were more buyers than homes on the market.
I experienced many multiple offers on homes I had listed and it was certainly a treat for the sellers! Prices have not increased, but in most cases the seller is not giving away everything to make a deal work out.
At the end of every year, most sellers make a mistake by coming off the market for the holidays and winter months. It has become quite a tradition among sellers in this area. We have such a mild climate that buyers are out there every month of the year. The benefit of a seller staying on the market is that there are far fewer houses listed, so the possibility of a buyer choosing theirs is quite a bit higher.
My expectation is that even though the market is quiet right now, as we approach mid January, that those buyers will be back out as long as the weather continues to be mild. Considering listing your home? I would suggest that you don’t delay, you may decrease the number of days your home is on the market significantly. If you do choose to follow the tradition of putting your home on the market in Spring, you will find, as most do with every Spring, you are not the only seller thinking that. If there is any obstacle with selling your home, i.e. flaw in the floor plan, than a buyer will be more willing to pass your home up, rather than consider the possibility of overcoming that flaw, and move on to the next home.
I have been repeating this same message a lot lately, so I felt that it was a question a lot of sellers may have and I should address.
On another note! We appreciate your support during a very productive 2012! We want to wish your families a very Healthy, Happy & Prosperous 2013!
Don’t forget the black eye peas!