Kathy O'Brien Realty - Lake Champlain & Vermont

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Why its a good idea to buy a home in 2017

With interest rates still low, but climbing, house prices rising in price and inventory at a low, its smart to buy now before you have to spend more money for the same property! “With more than 95% of first-time home buyers dependent on financing their home purchase, and a majority of first-time buyers reporting one or more financial challenges, the uptick we’ve already seen may price some first-timers out of the market," says Chief Economist Jonathan Smoke, who pulled together the realtor.com 2017 housing forecast.

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    Four Seasons SIR Luxury Homes

    Look at these amazing homes in New Hampshire and in Vermont. Who knew so many fabulous homes are in "Our backyard"?

    Check out my website to see more unbelievable homes!

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      Investigate the History of Burlington's oldest homes!

      Burlington Vermont possess a huge amount of intact catalog homes built between 1910 and 1940. Burlington architecture represents many major catalog homes and the historical context is important to the City's growth. Read more about these affordable pre-cut homes.

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        FSBO's yield 6% less profit

        For-sale-by-owners tend to sell their homes for lower prices than homes sold through traditional agents via the MLS, and in many cases below the average differential represented by the prevailing commission rate, according to a new study by Collateral Analytics.

        The study examined the price differences between homes sold through traditional agents versus those sold by FSBOs from 2016 to the first half of 2017.

        Some homeowners may be tempted to try to avoid commission costs to a broker and try to sell the home on their own. But that can backfire and turn into a much lower sales price, the study found.

        Even successful FSBO sellers achieve prices “significantly below” those from similar properties sold more traditionally via REALTORS®, the study found.

        The authors found that the differential in selling prices for FSBOs when compared to MLS sales is “remarkably close to average commission rates.” A FSBO sale, on average, nets nearly a 6 percent lower price than an MLS sale for a similar property.

        “Assuming that both buyers and sellers pay the commission, one might have expected something less than this average,” the researchers note. “It appears that many sellers are avoiding commissions while netting home prices less than they would with an agent-represented MLS sale. They are avoiding commissions at any price, even one that exceeds a commission rate.”

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          Chittenden County market Statistics

          The July 2017 Market Statistics for Chittenden County has some interesting results. The sold price for single family homes is up by 14.5% from last year. The inventory is 5.1% lower than last year. This makes a market that is both good for buyers and sellers. Contact me to enter this fabulous market!

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            Charlotte Vermont has a rich history of steamboats

            The first steamboat in Vermont was built in 1808 in Burlington. Charlotte quickly became a hub with easy access to Essex NY and Canada from lake Champlain. Today, you can take a ride on an old steamboat in Charlotte. Check out this interesting article.

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              DIY Ultimate Retreat Giveaway on Lake Champlain is 2 doors down from MY Listing at 1097 Red Rock Road in Colchester VT

              A Dream Come True. Living on Lake Champlain is a sought after lifestyle and is being promoted nationally by DIY Network in the Ultimate Retreat Giveaway. The Retreat Giveaway is a home 2 doors down from My Listing in Colchester Vermont at 1097 Red Rock Road. (featured below) Let me show you the Lifestyle of living on Lake Champlain in Vermont. #Lake Champlain, #Vermont, #KathyObrien, #FourSeasonsSothebysInternational Realty, #Lakefrontliving
                 
                

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