PAGE  2  —  A  Special  Publication  of  The  Addison  Independent,  Monday,  July  9,  2012
Balance (Continued  from  Page  1) own  a  home  for  a  smaller  monthly  payment  than  ever  before.  Renters  are  therefore  looking  to  buy,  and  with  them  the  interested  pool  of  buyers  has  shot  up  in  recent  months,  giving  homes  on  the  market  more  attention. This  is  clearly  good  news  for  sellers.  According  to  the  Northern  New  England  Real  Estate  Information  Network,  the  sales  of  single-Âfamily  homes  are  up  8.75  percent  from  last  year  during  the  spring  period  (April  through  June). These  same  factors  also  make  the  current  market  rosier  for  sellers. Although  this  may  seem  like  a  drastic  change  from  the  dull  prospects  of  previous  years  in  the  real  estate  market,  the  current  buying  and  selling  climate  is  a  product  of  the  nature  of  “The market is real  estate,  experts  said.  Bonnie  Gridley,  owner  dynamic. of  RE/MAX  Champlain  Valley  Properties,  said  that  Many FRQVWDQW Ă€X[ LV RQH DVSHFW people the  market  that  many  don’t un- of  people  forget. derstand “The  market  is  dynamic.  Many  people  don’t  that evunderstand  that  every  ery time time  a  house  comes  onto  a house the  market  or  one  goes  comes under  contract  and  sells,  the  market  changes,â€?  said  onto the Gridley.  “The  availability  market of  money  and  loans  and  the  or one lending  climate  contributes  goes un- to  the  market,  as  well  as  the  local  job  market  and  der conof  the  area  ...  as  tract and economy  well  as  the  country  and  the  sells, the world.â€? In  light  of  these  constant  market changes,  it  is  important  changes.â€? for  both  buyers  and  sellers  — Bonnie to  note  market  strategies.  Gridley, Gridley  said  that  the  best  owner of move  for  buyers  starting  RE/MAX the  process  is  to  work  with  Champlain a  lender  to  take  advantage  Valley RI WKH FXUUHQW ÂżQDQFLDO Property situation  and  understand  their  buying  potential. For  sellers,  brokers  agree  that  it  is  worthwhile  to  invest  in  minor  updates  and  time  to  clean  and  freshen  the  home  before  it  is  listed.  They  said  sellers  should  be  also  realistic  about  the  listing,  always  price  to  sell,  and  welcome  any  opportunity  to  show  the  property.  Information  like  this  can  be  crucial  in Â
THE  CURRENT  COUNTY  market  is  improving  and  offering  positives  for  both  buyers  and  sellers,  according  to  local  experts.  Low  inter- est  rates  and  growing  demand  for  properties  are  contributing  to  favorable  conditions. Independent  photo/Andrea  Warren
avoiding  stressful  found.  It  can  be  very  “I think more and more and  exhausting  home  disappointing  for  a  buying  or  selling.  people will rely on and use EX\HU WR ÂżQG WKH ULJKW Bill  Martin  of  Green  technology in their everyday home  only  to  have  Tree  Real  Estate  real estate transactions than someone  else  get  it  attributes  buyers’  ever before. Our profession in because  you  were  not  and  sellers’  recent  Addison County needs more prepared.â€? success  to  increased  Martin  predicts  that  knowledge  of  the  way  young tech-savvy people to there  will  be  a  steady  real  estate  works,  plus  become involved.â€? increase  in  the  local  — Century 21 Jack Associates real  estate  market,  preparation.  broker Neil Mackey with  gradual  increases  “More  than  ever  buyers  are  educated  in  value.  He  believes  about  the  home  buying  that  Vermont  and  process,â€?  said  Martin.  “The  vast  majority  of  Addison  County  in  particular  are  desirable  buyers  have  also  listened  to  Realtors’  advice  places  to  live  and  will  work  to  boost  a  to  be  pre-Âapproved  with  a  lender.  Both  of  market  upturn. these  are  good  for  the  buyers  so  that  they  As  the  market  changes  over  the  months  will  be  ready  when  the  right  property  is  and  years,  so  do  the  ways  transactions  are Â
handled.  Current  technologies  can  make  it  easier  for  parties  involved  to  buy  or  sell  KRPHV ZLWK HIÂżFLHQF\ &HQWXU\ -DFN Associates  broker  Neil  Mackey  said  that  the  trends  in  technology  would  continue  to  motivate  market  changes  in  the  future. “I  think  more  and  more  people  will  rely  on  and  use  technology  in  their  everyday  real  estate  transactions  than  ever  before,â€?  said  Mackey.  “Our  profession  in  Addison  County  needs  more  young  tech-Âsavvy  people  to  become  involved.â€? In  sum,  while  the  buying  and  selling  process  is  complex,  it  can  be  made  easier  by  knowing  the  current  real  estate  market.  At  the  moment,  there  are  advantages  for  buyers  and  sellers  alike,  and  becoming  educated  in  WKHVH LV WKH ÂżUVW VWHS WR VXFFHVV IRU ERWK
Prospect Appraisal, LLC Alyth Hescock, Certified General Real Estate Appraiser
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