buyersmarket conditionssellers January 18, 2023

Time Marches on!

Hello 2023!

Well, the new year is here! Happy New Year! Time certainly flies by, and it seems like as the years go by, they speed up! What are your plans for the upcoming year? Everyone is always wanting to start a health regiment or plan on getting a project completed in a timely manner. Sometimes the days are just not long enough. If your plans are wanting to purchase of sell you property in the upcoming year. Now, is the time to get your plan together to make your process go smoothly.

For Buyers, the time is right for you to consider what you need to make your purchasing process go smoothly. With the ever-changing interest rates, we are experiencing. Any buyer should be speaking to a lender and getting yourself prequalified for you loan. This will have many advantages for the buyer to know what they can and cannot do. Firstly, the buyer knows what they can qualify for in their future home purchase. Secondly, locking in the current rate may save you a considerable amount of money over the term of your loan. So, if the rates increase even more, you are locked in with your preapproval rates. Each lending institution has criteria on how long your approval period is good for, so make sure you ask your lender how many days your approval period is good for. Thus, giving you a timeline on how long you have to keep yourself on track in the purchase process. Then the quest for the new home can start with a Realtor/Salesperson you desire. With the help of your agent, you can then handle the process of inspections, and other processes of your home purchase.

 

For Sellers, yes, the market is starting to adjust somewhat in about all areas. The market is everchanging, but some areas will be slow to experience change than others. Certain markets are still quite low with inventory, and this is affecting the sales of properties in some price ranges more than others. Your real estate professional will know what you can expect on the sale of your property. Spring is generally the market most buyers and sellers are aware of as being the big surge of inventory and interest from buyers. But in the slower months of winter, you can achieve some good exposure with bad weather and snow days. Online exposure is great for Sellers in the winter months, buyers can search online and window shop without leaving their home or even on their cell phone. With that being said, if you still want to wait until the weather clears and the cabin fever is at its peak. Getting your home ready for the market, you can start by decluttering and getting your home ready for showing. Remember, the first impression of your home is always the best. You only have one time to impress your buyer. So, appearance is so important and clean, fresh, and organized home is always a good impression for a buyer. With the snow days, it can give you the time to get this taken care of and get your home organized.

Wanting to know what is happening in your neighborhood? Sign up for the Neighborhood News link below! Know what is happening and what the market is doing! This would include all local real estate offices in our area that are members of our local board of Realtors.

https://engage.cbmoxi.com/neighborhood_news/page?agent_uuid=a9a03854-9b68-4b6f-b54f-dec92085f6c3

Keith S Shaver

Realtor/Salesperson

304-667-3411

www.keithsshaver.com

 

Thomas H Johnson, Broker of record/174 Northridge Drive/Lewisburg WV 24901/304-645-1242

Uncategorized December 2, 2022

Christmas Events for the Greenbrier Valley 2022

Well here we are it is December! This month is full of fun and entertaining events for the whole family. The area is just busting at the seams with holiday spirit. There is a number of events all around the area starting this week. The first big event is Lewisburg’s First Friday, which coincides with their “Magic of Christmas in Downtown Lewisburg for the whole month. The downtown area along with Carnegie Hall will be offering an array of events. Carnegie Hall will have the West Virginia Symphony performing @7:30 pm on 12-2-2022 (tickets are available on their site https://www.carnegiehallwv.org/). Along with the local merchants having some refreshments and hot drinks, they will also be offering horse drawn carriage rides. Special sales and other offers will be offered this Friday and along with the remainder of the month from local participants. See the details below on all that is going on in Lewisburg. Don’t forget the parade on 12-3-2022! The Greenbrier Valley Theater will be offering several shows during the Christmas Season, check out more and when on their website. https://www.gvtheatre.org/?fbclid=IwAR3l140e7gGcvp_k1fD-5Jryf-c823JJTYAttSxx-ZZ-Du6sZLD2nUlrOk4

The Community’s will be offering an array of parades for Christmas celebrations. The Community of White Sulphur Springs kicks off the winter celebrations with the Christmas Parade on 12-3-2022 @4 pm. Offering an array of shopping and restaurants in the recent surge of downtown merchants. Cross Creek on Main will be having Brunch with Santa on 12-11 & 12-18-2022 for the the month of December. The Old Schoolhouse Hotel will be offering paint with Lisa on 12-7-2022, you can find out more on their website https://theschoolhousehotelwv.com/?fbclid=IwAR0gLVd5dnu6m60DOOV-ENdBCYARVITaUalHdYqgX23qg7o47E376VDNHsw.   

And don’t forget the Greenbrier Resort and all it has to offer for the Holiday season, The lights and the decorations are surely one of the areas greatest attractions. you can find out more on their website. https://www.greenbrier.com/

The Community of Alderson will be offering an array of events this year. They will kick off on December 2, 2022 with the parade and grand illumination event. Locals will be displaying their best holiday lights displays and competing to see who has the best in town! Lots of events for the kids and adults too!

Wishing everyone a great and safe holiday season. Hope that you get to enjoy this special time of the year and your whole family gets to experience all that the season has to offer.

 

Keith S Shaver

Realtor/Salesperson 304-667-3411

www.keithsshaver.com

 

Broker of Record Thomas H Johnson/174 Northride Drive Lewisburg WV 24901/304-645-1242

market conditions November 10, 2022

Why is fall and winter a good time to list your property?

 

 

With the onset of the upcoming winter months. Most Sellers are usually reluctant to place their home on the market. But with the current market conditions were are coming out of, inventory is still at a low record rate. Yes, everyone knows the interest rates are still an issue for some buyers. But, don’t let that factor into your decision to sell your home over the next few months. 

With the shorter days and time change people are just naturally forced to spend more time inside. With upcoming weather implementing potential days of more time spent inside too. Buyers are just like everyone looking for a way to beat the downtime and lack of potentially getting active. Online activity picks up dramatically on the evenings and on those snow days you cannot get out of the house. Plus the holidays upcoming, most people are going to have some downtime and that results in searching online.

The one thing you can take from listing in the winter months is availability. With more serious buyers on the search and knowing they are ready to buy. Sellers know they are going to be serious in their search and much like the next spring market. The competition will and can get pretty serious with most people wanting to wait for the weather to break. Which could be the difference of getting your home sold earlier and in a less competitive market.

What can you do to get your home sold in the winter market? Pricing is so important in our current market. Pricing your home accordingly will get you more attention. Overpricing the home will get you a knocked out of price ranges for a potential buyer, and that again is most likely a serious buyer. That does not mean you may be able to get more out of your home in a above asking or highest and best situation. Get your listing agent to get your property out there online! Online with as much information and photos as possible. Buyers cannot get enough information and most of that information they see while searching online. Get your home ready! First impression is everything, and that is never more important than when online. Remove the personal items, anything that you feel is important to you many not be important to a potential buyer. Declutter and clean, clean, clean you home! Yes, pets are a big part of your life, but smells are hard to get out of a buyers sense of seeing a home. Make sure you have the pet smells under control and make your home smell as good as it looks. Your agent may ask you to be able to do walkthrough tours with a potential buyer. Your agent has to ask you if you are ok with doing this. Any agent who would wants to do this has to have permission from the seller to photo or video in your home.  

In closing winter months are a great time to list your home. Getting more serious buyers onboard that are ready to purchase and get the home they desire. Less competition for a seller is good anytime your wanting to get your property sold. Online exposure is important more important than ever before. Getting a full time agent that knows the area and has the tools to help you in your sale of your property. 

Keith S Shaver

Realtor/Salesperson

304-667-3411

www.keithsshaver.com

WV0025424

 

Broker of Record Thomas H Johnson, 174 Northridge Drive/Lewisburg WV 24901/304-645-1242

 

 

market conditionsUncategorized October 24, 2022

Fall 2022 Outlook

 

The fall market outlook is everyone’s mind, with current market conditions. With the market apparently changing and things are seeming to cool down? But is that the case in our area? The market is showing signs of slowing and that can be contributed to several things. Of course the obvious is the interest rate hikes that have been implemented to try to stop inflation. What the effects of that increase will be down the road are unknown? But depending on what your interest are in buying or selling? It will be a factor of how things go with either endeavor.
What a Seller can expect is potentially longer days on the market if trying to get their home sold.  What buyers can expect is to of course paying more for lending. But the other effect is potentially opening up more options to purchase. With some people stepping out of the buying process, and potentially becoming unable to buy. This would be a good opportunity for buyers. With less competition in the buyers market, this may be a good situation for anyone still looking to purchase.

The market is still showing very low inventory, which for sellers may still keep you on the radar for buyers. Depending on how the situation in some areas are, some homes are still desirable for buyers. But being ready for a longer period on the market, placing your home in the correct price rage is never more important. Yes, homes have been selling for record prices. But with that being said, most buyers are now more focused on what they can afford. That does not mean you cannot get above asking for your property. But with the current inventory, buyers will be searching for homes that fit their financial needs and will start looking in that range.

The number one thing to remember is if you require lending, know your limits. If you are a buyer your pre-approval is never more important. Just by locking in the current rates alone can save you thousands down the road. In addition, to know what you can and cannot do may be the difference of getting you into a home you want. Pre-approval letters are never more important in a bidding war between buyers.

Fall is a great time to buy or sell, don’t let the change in seasons change your outlook on what your looking to do with your property. Lets get started today on making your real estate dreams come true!

Keith S Shaver

Realtor/Salesperson

www.keithsshaver.com

304-667-3411

Thomas H Johnson, Broker of Record 174 Northridge Drive Lewisburg WV 24901 304-645-1242