This market has gotten so busy, I don't have a lot of time to write about it. We knew the decline wouldn't last forever and we're now in the rebound phase. There are still good deals out there but the better news is that anything you buy, at a fair price, should put you back in the chain of prices headed upward. I'm expecting 4-6% appreciation for the next three years with some areas seeing as much as 10% (in-town, for instance).
So, here's what you need to do to be successful in 2013:
Buyers: Stay on top of the market -- make sure you're dealing with someone who's sending you listings the minute they appear on the market (or, better, knows about them before they hit the open market!) -- and be prepared to act quick. Same-day sales and bidding wars are common, right now. Be sure you're dealing with someone who knows that terrain.
Sellers: Doll it up and price it aggressively against the competition. If there are 25 other properties somewhat like yours and there've been 5 sales in the past year, you know you have to be in the top five, at least, of those competing properties. The buyer who wants an "as is" property has thievery on their mind. Doll it up!!
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hey, check out the cool links to the right, here. The NEWS LINKS have all kinds of wonderful brain candy. And, of course, the Lakes Map (search lake by lake, updated every day!) and the General Search tool for every listing on the market are right down below, here.