July 27th, 2014 5:00 PM by Taydus Taydus
What the heck is happening in the world of local Real Estate?!
For now, this is the nature of the local market. If you are a buyer / seller thinking about downsizing, this final chapter of my three part series is for you! Today we will take a look at some solutions as to how to best navigate today's market based upon the unique needs of the seller / buyer looking to downsize :)You are in a FABULOUS position! Typically a more savvy buyer (as you have been around the block before), the buyer that is looking to downsize is usually also a seller - and often someone that owes very little to nothing on their existing home.
Make sure you are communicating openly and honestly with your Realtor so they can best assist you with the sale of your home / purchase of your new home.Keep your priorities in check. If you are selling locally you may be able to get more for your home in the current market, but you are also going to pay more for your new home. Maybe consider another area – for instance if you are selling within the City of Boulder, perhaps consider Louisville, Lafayette, or Longmont where your dollar will stretch a bit farther in the real estate market. If you would like to stay in the same area that you are selling, remember why you are selling (smaller home / yard to care for, a turnkey home where you can travel and not worry about the responsibility that comes with a larger home, etc.) If you stay focused only on cost, you will lose sight of your reasons for downsizing.
Most importantly work with a Realtor! We are the ones that are out here working the market day in and day out. We see the different scenarios and can advise you about market value, and what strategies work best. Remember, your Realtor is on your side and wants to help you J
Even with the challenges of the current market there are steps you can take to achieve your goals if you are willing to be realistic, keep an open mind, and stay open to new possibilities!
I work with both buyers and sellers and am available to answer any questions you may have!