Photo by Grace Elletson/VTDigger
There has been a lot of press lately, both locally and nationally, about rising prices in real estate and the increased buyer demand that has followed the COVID-19 pandemic. Many of these articles have shared stories of buyers who have lost out on numerous homes in situations of multiple offers, waived contingencies and all cash, quick closing offers.
While there is no denying that increased buyer competition has driven home prices up, a record number of home sales also means more buyers than ever are successfully purchasing new homes. It’s more evident than ever that exceptional agent representation makes a significant impact on a buyer's chances to land that home of their dreams.
In a VTDigger article published in mid-March, I provided additional insight into the trends we were observing in the local market.
Burlington housing boom stokes rising home prices and affordability concerns | VTDigger.com
Since that article was published, the market has continued along a similar path with more homes being listed and sold at or above list price. And while it makes for eye-catching headlines, our local market isn’t being dominated by out-of-state cash buyers and great opportunities still exist for well-prepared buyers looking to make a move.
The key is to partner with an agent and team that can guide you on how to best stand out from the competition and has proven results in this current, competitive seller’s market. To learn more about our demonstrated, client-focused, strategies and services, give us a call at (802) 846-8800 or email us at Team@LipkinAudette.com.