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Lisa Wetzel And Jim Valentine's Blog

By Lisa Wetzel & Jim Valentine | Agent in Gardnerville, NV

Northern Nevada Real Estate Market ... Have You Missed It?

 
Northern Nevada Real Estate Market
Have You Missed It?
Lisa Wetzel and Jim Valentine RE/MAX Realty Affiliates
 
Northern Nevada Real Estate Market Have You Missed It? 
 

With the strong sales numbers year to date in Northern Nevada resulting in fewer homes for sale we are being asked on a regular basis "Have we missed it?" They are wondering if prices are bouncing up and their opportunity to make an incredible Nothern Nevada Real Estate buy has passed.  So, have you missed it?

 

Many people have been waiting for the market to bottom out, while others have been getting their personal circumstances arranged so they can move forward with their purchase. For quite awhile now we've advised those timing the market to buy and enjoy their purchase. If you are just getting your circumstances arranged so you can buy don't worry about lost opportunity. Your opportunity is ahead of you. There are great homes at good prices being put up for sale every day. The main difference is that now you have competition.

 

Gone are the days of offering 20% below the asking price, assuming the property is priced right. Sellers know that the Nevada Housing Market  has solidified and they don't need to discount that much. We recently listed a home a touch higher than it comped out because of today's market dynamics. We received an offer that was 10% off the purchase price plus asked for $9,000 in Seller concessions. The counter was for 1% off the list price without concessions and the Buyers were happy to accept it. They had to try it, but a couple of days later they might have missed out on the property as other Buyers began to find it.

 

Home prices in Northern Nevada have stabilized in most market segments, and are increasing in some areas. The days of Limbo Offers being accepted in a panic, banks pricing low to stay ahead of the market driving the market down as the market tumbles, are gone. Limbo Offers? "How low can you go?" To make the great buy today you must be ready with your financing, your wants/needs, and understand that when the right home becomes available you and your Agent need to act immediately.

 

You can still get the great buy if you are poised and ready. You won't have as many homes to select from, won't be the only one offering, and you may have to adjust a want or a need, but you can do it. The process might take longer, but your time will be spent waiting for the right home to be listed, rather than looking at many homes. You might lose out to competition on a home or two adding to your wait time. Be patient and diligent. The reward is worth it to you and your family when you find the right home at the right price. You will have a better transaction because of your commitment to the transaction. When you know what you want and realize what you have you are more likely to stay in the transaction with fewer trifling escrow objections.

 

Our Advice: Just as Sellers that didn't sell in 2005 didn't realize the cash value of their home at that time, Buyers that aren't buying now shouldn't lament what they don't get by not acting in a timely manner. You can't lament what you didn't get, you didn't get it. You can enjoy what you can get and rejoice as the market continues to recover and you realize the great buy that you made by acting. Remember, the art is to make the great buy on the right home for you. It's a great time for both Buyers and Sellers.

 

Beyond getting a great price, remember that when you buying your primary residence you are buying your home. Make sure you get what you want for you and your family and enjoy it. It isn't always the price that makes your deal great!

When it comes to choosing professionals to assist you with your real estate needs... Experience is Priceless!
 
Lisa Wetzel and Jim Valentine are real estate agents with RE/MAX Realty Affiliates in Gardnerville. They are short sale and foreclosure specialists and certified distressed property experts.

Northern Nevada Real Estate Market ... Have You Missed It?

 

Contact them at  

carsonvalleyland@hotmail.com www.carsonvalleyland.com 

 

 
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Lisa Wetzel & Jim Valentine
 RE/MAX Realty Affiliates
1320 US Highway 395 N.
Gardnerville, Nevada 89410
775.781.5472 - Cell
775.783.6854 - Direct
775.552.8585 - Fax
 
- carsonvalleyland@hotmail.com
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