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Selling Your Rutland VT and Okemo Mountain VT Home Yourself

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Selling your Rutland VT and Okemo Mountain VT home yourself might sound like a good idea at first, but many FSBO (for sale by owner) sellers quickly realize they’ve gotten in over their heads or may have sold their home for much less than they would have had they worked with a Realtor®. 

fsboThe 2008 NAR Profile of Home Buyers and Sellers found that two-thirds of “For Sale By Owner” (FSBO) sellers found some aspect of the home sale to be difficult. 

Twelve percent of sellers who knew the buyer thought that getting the price right was the hardest task. Among FSBO sellers who didn’t know the buyer, 16 percent found it difficult to sell within the time planned, 15 percent found fixing up the home arduous, and 12 percent found it difficult to get the price right. 

Statistics also show 25 percent of FSBO sellers took no action to market their home and 72 percent didn’t offer incentives to attract buyers? 

If you are considering selling your Rutland VT home yourself and want to discuss other missteps FSBO sellers risk when attempting to go it alone, give me a call. I am glad to talk with you. 

Learn how I can help you sell your Rutland VT  home by visiting ISellVermontRealEstate.com.

What’s your Rutland VT home worth?

Has Vermont Real Estate Hit Bottom?

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Many Vermont real estate buyers want to wait until the market reaches bottom to buy, insuring they are getting the best possible price. This is a natural thing to do…but how do you know when the market has reached bottom?

Usually it is by looking back and saying “Oh, I wish I had Bought back then!” We may be reaching the bottom of the current real estate market and beginning to see the return of appreciation. Do Not Miss your opportunity.

Here is an “Interesting” excerpt from CNBC. I suggest you take it as a “For What It’s Worth”. There are certainly some good and some “Over the Top” comments in this clip: http://www.CNBC.com/id/29757411.

Personally, I don’t subscribe to “Over the Top” commentary. I just think it makes sense to realize we are likely at or very near the bottom of the housing market and it IS a great time to buy a home! Rates are extremely low, Sellers are ready to sell and there is a large inventory of homes in all price ranges. The “Magic Three”… Think about it… Take advantage of it… Give us a call!

Learn more about Vermont real estate by visiting ISellVermontRealEstate.com.

Search all Vermont real estate and homes for sale.

Reasons To Take First Offer Seriously

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Many Rutland and Okemo Mountain VT  home sellers look at the first offer on their home as just that, the First Offer with many more to come. You know what they say, ‘A bird in the hand is worth two in the bush.’ And in the current Buyers Market, offers are few and far between. Rutland and Okemo Mountain VT  home sellers will want to consider the first offer very seriously. Here are reaskeys2ons why: 

  • An early offer (if you’re lucky!) doesn’t necessarily mean buyers are lining up to follow suit. It could just mean that your home meets the needs or preferences of that one particular buyer who made the offer.
  • Your home will get the most interest from buyers just after it goes on the market. The longer it stays on the market, the more “desperate” buyers will think you are, prompting lower and lower offers.
  • Even if the first offer is thousands lower than your list price, consider carefully whether it might be enough — in terms of price and contract terms — before rejecting it out of hand. After all, the longer your home is on the market, the more it costs you in mortgage payments, taxes, insurance, upkeep and sheer inconvenience.
  • If the offered price and contract terms are less than ideal, start negotiations by making a counteroffer, being as flexible with the terms as possible. It isn’t uncommon for buyers to offer a price below what they are truly willing to pay, sometimes much below, just to see if they can buy under market.

An offer indicates serious interest in your home — don’t underestimate that but don’t take it for granted, either.

Thinking of selling your Rutland or Okemo Mountain VT home? We’ll be happy to work with you to fine-tune your home’s listing price so it fits our local market. We can also advise you on what would make your home more saleable at low cost to you. Most importantly, we can put our expertise to work for you when it comes time to negotiate with potential buyers. Learn more about us by visiting ISellVermontRealEstate.com. 

Get the value of your Rutland or Okemo Mountain VT home.

Cautious Optimism For Rutland VT Home Market

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According to the recently released Real Estate Roundtable’s Sentiment Survey, real estate experts think market conditions are improving despite the credit crunch.

bar chartNearly 60 percent of the survey’s 120 respondents expect market conditions to improve within a year. Although 88 percent of the respondents think loans are tougher to get now compared to a year ago, 68 percent predict conditions will improve in the next year.

Their optimism is based on an uptick in the Overall Q2 2009 Sentiment Index. Measured on a scale of 1-100, the index evaluates surveys from recent quarters and calculates an overall average. Currently the index rests at 41, up from 38 last quarter and 33 six months ago.

What do these figures really mean for Rutland VT home buyers? It means the market is bottoming out, prices have reached bottom or close to it and now is the time to buy a Rutland VT home. Don’t be one of those people next year who has to say, “I wish I had bought last year when prices were low.” Give me a call today and for the best deal on your next Rutland Vt home!

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Using Feng Shui To Sell Your Ludlow or Rutland VT Home

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feng shuiTo put the best face on your Ludlow  or Rutland VT home and appeal to buyers who follow feng shui principles, keep these tips in mind.

1. Pay special attention to the front door, which is considered the “mouth of chi” (chi is the “life force” of all things) and one of the most powerful aspects of the entire property. Abundance, blessings, opportunities, and good fortune enter through the front door. It’s also the first impression buyers have of how well the sellers have taken care of the rest of the property. Make sure the area around the front door is swept clean, free of cobwebs and clutter. Make sure all lighting is straight and properly hung. Better yet, light the path leading up to the front door to create an inviting atmosphere.

2. Chi energy can be flushed away wherever there are drains in the home. To keep the good forces of a home in, always keep the toilet seats down and close the doors to bathrooms.

3. The master bed should be in a place of honor, power, and protection, which is farthest from and facing toward the entryway of the room. It’s even better if you can place the bed diagonally in the farthest corner. Paint the room in colors that promote serenity, relaxation, and romance, such as soft tones of green, blue, and lavender.

4. The dining room symbolizes the energy and power of family togetherness. Make sure the table is clear and uncluttered during showings. Use an attractive tablecloth to enhance the look of the table while also softening sharp corners.

5. The windows are considered to be the eyes of the home. Getting the windows professionally cleaned will make the home sparkle and ensure that the view will be optimally displayed.

Get more information about selling your Ludlow  or RutlandVT home at ISellVermontRealEstate.com.

What’s the value of your Ludlow or Rutland VT home?

Source: Sell Your Home Faster With Feng Shui by Holly Ziegler (Dragon Chi Publications, 2001) Reprinted with permission Realtor Magazine.

Investment Property in Bomoseen Vermont – REDUCED!

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JUST REDUCED!   3 separate buildings on 5.7 acres, plus possibilty of building another building.  2 story single family, singlewide mobile home, storefront with efficency.  All apts are rented.  Storefront can be another apt. or business.  Excellent numbers! 2 barns on property –  Across from the lake.  INVESTORS DELIGHT!  Offered for $149,000.00.  E-mail or call for more info and to set up an appointment!  [email protected] – 802-353-1983.

Things To Consider When Investing In Okemo Mountain or Killington Real Estate To Rent

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If you are thinking of buying Okemo Mountain or Killington real estate and making it a rental property, there are a number of things to consider when choosing the property: 

for rent1. Location

If you will be renting to a year ‘round tenant, look for a property convenient to major employers, schools, shopping facilities, transportation. If the property will be a vacation property, you will want to be near major tourist attractions such as the Okemo Mountain Ski Resort or Killington. 

2. Price

If you hope the rental income will be more than the cost of the monthly mortgage, insurance and taxes on the home, you should be careful to invest no more per month than the local rental market can bear. If your goal for rental income is to “break even” or even to have a negative cash flow, price becomes somewhat less important. 

3. Resale

Consider the long-term resale value of the property. If you buy in a fast growing area, the resale value will be greater further down the road. If you buy is a slow growth area, your resale value will be less, but there may be a better rental market. When buying Okemo Mountain or Killington real estate, you want to consider how long the tourist season is. Okemo and Killington both Have year round activities to attract vacation renters. Skiing and other snow activities in the winter; golf, swimming and other outdoor sports in the spring and summer; and fall foliage  for ‘leaf-peepers.’ 

4. Neighboring homes

Are the neighboring homes well-maintained? If not, they will drive down your property values. 

5. Solid construction

Look for solid construction. Tenants tend to put more wear and tear on a home than owners. Find a low-maintenance property suitable for renters. For example, white carpeting will have a much shorter life than something more neutral. 

6. Do it yourself

If you live nearby, it can be relatively simple to stay in touch with tenants, and to keep an eye on your investment. If you lack the time, or your property is some distance away, you may wish to work with a property management firm.

Learn more about Okemo Mountain or Killington real estate by visiting ISellVermontRealEstate.com.

Just Listed! 4 Bedroom, 3 Bath – 21.46 acres, plus a Covered Bridge!

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Route 155 HouseThis 4 bedroom, 3 bath, mint condition house comes on 21.46 acres with it’s own Covered Bridge, Pond and approx 1500′ of frontage along Mill River.  There is a barn, sugar house, shed. The barn is 40×90 with electric throughout. Aside from a fireplace and woodstove, you will also find a Great Room and Family Room – Plenty of room for the family and all the friends. Close to Jackson Gore and Okemo, across from the Green Mountain National Forrest and minutes from the VAST Trail.  For Pictures please go to http://isellvermontrealestate.com, if you want a tour of the land, e-mail:  [email protected]

Offered for $650,000 – including the bridge and pond.Covered Bridge and Pond

Rutland VT Real Estate Sales Statistics – March 2009

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Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, increased 3.2 percent to 84.6 from a level of 82.0 in February, and is 1.1 percent higher than March 2008 when it was 83.7.

Lawrence Yun, NAR chief economist, said it should take a few months for the market to gain momentum. “This increase could be the leading edge of first-time buyers responding to very favorable affordability conditions and an $8,000 tax credit, which increases buying power even more in areas where special programs allow buyers to use it as a down payment,” he said. “We need several months of sustained growth to demonstrate a recovery in housing, which is necessary for the overall economy to turn around.”

Rutland VT real estate sales statistics for March indicate the local real estate market may have bottomed out and is once again on the upswing.

Rutland VT Real Estate Residential Sales Statistics

New Listings – March 2009:  45
New Listings – March 2008:  41
9.76% change

Sold Listings – March 2009: 12
Sold Listings – March 2009: 9
33.33% change

Median Sale Price – March 2009: $172,500
Median Sale Price – March 2008: $140,000
23.21% change

Average Days on Market – March 2009: 119
Average Days on Market – March 2008:  91
30.77% change

Learn more about Rutland VT real estate by visiting ISellVermontRealEstate.com.

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