Buying or Selling Chautauqua Real Estate? 6 Tips for Buyers and Sellers
The real estate market around Chautauqua Lake is overheating at the moment. Demand from buyers is high, at the same time the supply of available homes on the market is at an all-time low.
What can a seller do to ensure that their home sells for the best price possible? How can a buyer maximize their chances of getting the home of their dreams?
Here are my top tips!
Tips for Home Sellers
Tip #1 – Plan Ahead. When selling Chautauqua real estate in the current market, you are likely to sell your home quickly. Maybe even quicker than you expected. This means you should start planning where you are heading next. If you are looking to sell your current home, and buy your next home at the same time, it can be like walking a tightrope to time both transactions. Put your “buyer’s hat” on for a moment and write down what you’re looking for, in which area you’re looking to buy, and get an idea of prices. Then put on your “seller’s hat” and have a look at your mortgage to assess how much equity there is in your home and get in touch for a no-obligation assessment of the value of your home. This will give you a ballpark budget for your next home.
Tip #2 – Prepare Your Home for Sale. Once you’re ready to sell, you need to get your home ready too. Start by depersonalizing and decluttering your home. Removing personal items such as photos and knick-knacks from your home leaves prospective buyers space in their imagination to imagine themselves in the home. Also, take the opportunity to do any minor maintenance and sprucing up. Don’t go spending large sums on ambitious projects though! Speak to me and we can figure out what will be most important to buyers and enable you to maximize the selling price of your home.
Tip #3 – Find the Right Realtor. Having an experienced realtor in your corner is important. Of course, when selling your home, you need a realtor with local market knowledge and experience. If you are moving out of the area, then choosing a realtor that is connected to a nationwide network is also important. Here at ERA Team VP, we are both! We are experienced local realtors that can assist you with your local property needs. At the same time, we are part of a nationwide network of ERA realtors and can connect you to an experienced local realtor wherever you’re heading. We’ll make sure you’re taken care of!
BONUS TIP – Selling your vacation home? If you have been thinking of selling your second home around Chautauqua Lake, now is a perfect time! Prices have been steadily increasing and you may not be aware of how much your home has appreciated in value. Call me for a no-obligation assessment of the value of your home! I have seen the home sale value of some homes change by 100’s of thousands of dollars! Last month’s home evaluation may be completely different.
Tips for Home Buyers
Tip #1 – Speak to a Mortgage Consultant. If you are looking to buy a home around Chautauqua Lake, the supply of houses for sale is currently very limited. Speaking to a mortgage consultant will help you ensure that you have your finances in order, help you figure out what your price range is, and you can get a pre-qualification letter in your hand to signal to sellers that you are a serious and prepared buyer.
Tip #2 – Be prepared to make a competitive offer. In a competitive market like the Chautauqua Lake area, prices are on the increase. This doesn’t mean you should overpay for a house and it doesn’t mean you should get anxious. Looking back at the previous tip, you should have a clear idea of what you can afford. You may have to stretch your budget to afford a house in the current market but you should be careful to not overstretch. Speak to us at ERA Team VP for advice on how best you can structure your offer to be attractive to sellers.
Tip #3 – Get in touch with a realtor. You can spend a lot of time browsing available listings online. However, proactively establishing contact with a local realtor and giving them information about what you’re looking for, means you will get called as soon as a new property comes on the market that matches your criteria. As already mentioned, the number of available properties on the market around Chautauqua Lake is very limited. It might be too late if you wait until the property is posted online before calling a realtor. Here at ERA Team VP, we are waiting for your call. After taking a careful inventory of your requirements, we’ll keep our eyes and ears open for available properties and call you when we find a possible match.
Let me help you buy a home or sell your home
Before searching “Houses For Sale Near Me“, search for Chautauqua real estate for sale here or check out some of the markets I serve for include: Bemus Point, Lakewood, Ashville, Stow, Mayville, Chautauqua Institution, Westfield, Jamestown, Fredonia and Dunkirk, and Ellicottville as well as anywhere in Chautauqua County or Cattaraugus County.