This past weekend, I listed a new home for sale in Concord/The Crossings community. The house was open both days and we had more than 40 groups of people stop by. Mostly homebuyers.
It was a 3-bedroom, 2-bath single story that was cosmetically updated with a good amount of deferred maintenance still left for a buyer to take on (almost $20k).
I had great conversations with everyone about where they are in the homebuying process, asking if they were neighbors, “looky-loo’s” or were on a mission to find a new home.
The general temperature of the visitors seems to be that they have mentally absorbed the higher interest rates and are happy to see somewhat lower price points from a year ago. I will share with you that there was an overwhelming amount of first-time buyers who are in the early stages of getting pre-approved and researching communities that they want to live in.
Additionally, the demand for single-story homes is strong right now. (First-time buyers, lower price points and smaller homes, in order to break into homeownership).
It was really nice to see the enthusiasm that buyers feel right now! Many of them stated that “they may have a chance to own a home” after such a long streak over overbidding and craziness in the last few years.
I had a great time meeting and teaching many folks about how to read inspection reports, what the options are for repairing and updating a home like that, and inspiring them to stay ready because the next house could be the one!
And, I would encourage homebuyers and sellers to make a point of visiting open houses to see what is going on this year, see how different homes in the area can be prepared and priced. It’s all good education no matter where you may be in the process.
Thank you to everyone who stopped by this weekend. We are pending on that home and we have more coming soon!
