During the last week I have been talking to other real estate agents and professionals in ancillary services about their market observations and workloads. The general consensus is clear; the Vineyard real estate market is rounding the corner, at least in the lower to mid-range.
Personally, I am seeing a lot more serious interest from consumers and clients. When I go to property showings with a client, the seller agents we meet say the same words right up front. “The seller is very motivated”. Normally, I think that is a silly thing to say because why else would anyone put their property on the market, and especially in a market like this. However, the truth is they are more than motivated; they are nervous as hell, and this is when deals are made.
I was looking at ‘Off Market’ low-end properties removed from the inventory around the first of the year and there really isn’t anything worth talking about that is not back on the market today. What is for sale is on the market and even though it may not be priced right, the sellers are ready to listen and work something out with buyers who are willing to put an offer on the table. The property inventory is saturated, rentals are soft and interest rates remain low. I think this is a perfect time to get into the market and see if you can get that dream home you have been wanting at a price that makes sense to you.
