Real estate news- It's a buyers market!
We have been home hunting for about a year now and we are still in no position to buy but the reality of the situation is that it’s quickly becoming a buyers market. A buyers market “is one in which there are too many homes on the market for the number of buyers. Homes take longer to sell and prices fall.”
We are renting a home that is also for sale. A number of people have toured the home but lately the showing frequency and quantity are really decreasing. The house is a two bedroom in the Flagstaff/ Kachina Village area of Arizona. When we moved into it the price was $280,000… It has dropped to $259,00 but is still not worth it in our opinion. There are a number of homes on the market just like it and it’s got nothing special to offer that makes it stand out from the rest of the crowd.
If you own a home in Arizona that you are planning to sell making it stand out will help you! Ask yourself what the buyers are looking for. Buyers aren’t settling and they probably wont be buying your home if it needs work or has poor workmanship on work that you tried to do. Find the unique aspects of your home and make them shine! Remodeling your home will give you an added advantage and it will give buyers a reason to choose your home over the hundreds of other homes for sale!
For more info on the benefits of remodeling your home:
Another angle to consider when remodeling you home is making it more energy efficient and “green”. Green homes are unique they serve a purpose and they are good for the environment! When you remodel you can put in a gray water system, some solar power panels or more energy efficient appliances!