The Buyers for Summit County real estate are finally in town!
After several months of little activity (June sales were down by 55% over a year ago) the Buyers finally showed up this week. We had five offers on four of our listings. Three are now under contract and the one with two offers is waiting for owner to get back from vacation. There have been lots of showings, (some properties have had twenty or more!) but Buyers have shown us that they are not willing to offer on a property unless they feel it is a good value. Even then, they start out very low, offering as little as 90%. Sellers have to be a bit negotiable if the property has been on the market for very long. However, new listings will still sell at or near full price if the price is right on the button to start out with. Pricing properly is now even more important than ever!
