Kathy O'Brien Realty - Lake Champlain & Vermont

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TRY IT NO THANKS

Blog :: 04-2009

Has the Economic Bubble Hit Vermont Real Estate?

The price category under $350,000 is active - not great - but active. Homes over $550,000 are having a tough time. Buyers just keep waiting. Of course, the banks are tough on lending. But why don't buyers simply write up offers? The Bubble has not hit us thanks to conservative building policies in Vermont. Sales are down by 20% in Chittenden County and sellers must be prudent about their list price if they want to sell in a timely fashion. Buyers should "go for it", though! Trade and throw out some offers, you would be surprised. Sellers will negotiate because they want to sell!