Buying Real Estate

Now's the time to sell your home!

2020 Is the Year to Sell Your Home! It's a Seller's Market....

The Northern Vermont Board of Realtors tells us that January started off strong for the housing market in the region, with healthy buyer demand and strong market fundamentals.

New Listings decreased 14.6 percent for single-family homes and 41.3 percent for townhouse-condo properties. Pending Sales increased 8.0 percent for single-family homes but decreased 18.6 percent for townhouse-condo properties. Inventory decreased 56.7 percent for single-family homes and 65.4 percent for townhouse-condo properties. Overall, the signs point to a continued Seller's Market.

More specifically, in Chittenden County:

The Median Sales Price for a Single Family home saw a 1.8% increase year-to-date versus 2020.

While the Median Sales Price for a Condo/Townhouse also saw a 1.8% increase year-to-date.

Chittenden County continues to outpace price increases for the entire Northern Vermont region and sellers are seeing significant benefits to selling in today's market.

Worried about finding your next home? Don't be! That's what our team is here for, too. We have the knowledge and expertise to find that next safe spot to land when your current home sells! 

 

 

 

Make the most of your Home Inspection

Be Prepared for Your Home Inspection. A Good Inspection Leaves No Stone Unturned!

Home inspection checklist:

You should start preparing for a professional inspection when you initially tour the home, before making an offer. This will give you an idea if there are any areas you want the inspector to pay special attention to. A good inspector will address these issues in the report you pay for. Use this checklist to help figure out what to look for, both ahead of time and in the final report. If any of these items aren’t covered in the inspection report, ask why.

Foundation: Look at the base of the walls and the ceilings in each room. Are there obvious cracks or apparent shifts in the foundation? Do the same around the outside. Are there any trees encroaching on the foundation?

Lot: Does the drainage appear to be away from the house? Are there any obvious soggy areas?

Roof: What is the overall condition? When was it last replaced?

Exterior: Does the house look like it will need repairs or repainting soon? Are gutters and downspouts firmly attached? Are there loose boards or dangling wires? Is there asbestos in the exterior material, which would require added costs if it needed to be repaired or replaced?

Attic: How does the interior of the roof structure look? Are there any signs of leaks?

Interior evidence of leaks: Check ceilings and around windows in each room.

Basement: Is there dampness? Adequate insulation? (If there’s a crawlspace instead of a basement, you might want to leave this for the professional home inspection.)

Electrical: Do the switches work? Are there any obvious malfunctions? Have the outlets been grounded? Is the panel updated and expandable for additional appliances or a potential remodel?

Plumbing: Any unusual noises or malfunctions? Has the sewer line been scoped to check for potential cracks?

Appliances: If these are included, what is the age and condition of the stove, dishwasher or refrigerator?

Heating/cooling system: Does it seem to do the job? How old is the furnace? If the system has been converted, are the old systems or tanks still in place?

Odor: Does the home smell? Can you detect what it might be and whether it could be fixed? Beware of musty odors which could signal a wet basement.

COVID has changed our lives and how we want to live

COVID continues to affect our world and lives in many ways, leaving us separated from many of the people, places and things that we love and value. What it's led us to see more clearly is that we may want to live differently, in a space that better fits our needs. Well, the good news is that the market remains active and home prices remain strong, while interest rates remain low. A win/win for sellers and buyers.

https://www.keepingcurrentmatters.com/2020/10/22/home-values-projected-to-keep-rising/?utm_campaign=&utm_medium=social&utm_source=Facebook&utm_content=DailyBlog

Interviewing a Mover

Selecting a moving company

It is important to interview moving companies before committing. I'd wish I'd know that before I made a decision. Having a checklist can help prevent any issues during the moving process. This list of questions can provide you with things to discuss when interviewing a moving company:

Fees

  • What is the charge for packing?
  • Does it include boxes?
  • If not, what do they cost and will you deliver them?
  • Is there an additional charge to deliver some items to a storage unit?

Insurance

  • How is a damage claim handled?
  • What insurance do you provide and is there a cost?
  • Does the insurance cover items packed by the owner?
  • Can additional insurance be purchased?
  • If items are covered by my Homeowners insurance, whose insurance pays first?

Unusual Items

  • Can you ship my car(s)?
  • Will they be in the moving van or towed?
  • What are the charges for shipping cars, lawn tractors, etc?
  • What items cannot be shipped?
  • If a shuttle truck is needed because of the location of my house or size of the driveway, is there an additional charge?
  • If packing and loading are on different days, can you leave the beds and other basics out for us to use?

Dates

  • What dates are available for our move?
  • What date will you pack and how long will this take?
  • What date will you load the van?
  • What date will the van arrive at my new location?
  • If my new home is not ready for delivery, how many days can it be delayed before there is a charge?
  • What is the charge for additional days or weeks?

Terms

  • Are there any additional fees that I'm responsible for that have not been discussed?
  • What are the terms of payment?
  • Is a down payment required?
  • When will the balance be due and who is authorized to accept it?