Quote:
Originally Posted by CarlR33
In the North it’s a sellers market because most home owners are sitting on low interest rate loans on homes that have appreciated in value the last few years and with low(or non existent) home inventory it’s a sellers market there. So those people are able to bring cash to a suppliers market here.
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The North is definitely a sellers market. This winter three homes in our Village came on the market that we checked out (open houses) out of curiosity. We were shocked at the asking prices but hoped they sold as that would reflect our homes value. All three sold within a couple weeks at or above asking price, meaning our home has doubled in value over 8+ years. I suspect they sold so fast for several reasons, including the following:
Limited supply in the area.
Relatively reasonable price point compared to alternative areas.
Very low to no bond.
Newer roofs and A/C units.
Surrounded by lots and lots of both Championship and Executive golf in an area where the courses are in very good condition.
Location within 10 minutes by golf cart to 2 town squares.
Close golf cart accessibility to a wide variety of both dinning and shopping.
Beautiful mature landscaping.
The only downside is that will give the tax accessor an excuse to jack up our property taxes.