Peggy Smith

I can’t turn on VPR, the local or national news or open a paper without hearing about the down turn in the real estate market. I also have seen the slow down in my own business. Symptoms like a greater number of deals falling apart, homes are talking longer to sell and buyers demanding more from sellers in order to close.

But, through it all, it seems the real estate market in Stowe VT is holding strong. Prices have been holding steady and buyers are still coming to the table to … buy. Just this month The Stowe Reporter had 2 articles on the topic. Check them out in the below links. If you have any questions, post me a comment or shoot me an email. I’ll be happy to give you my insight on the Stowe Real Estate market.

Stowe Reported Real Estate Articles

Prices steady, but selling property takes longer, 10/16/08
By Lisa McCormack

Stowe real estate market bucks national downtrend, 10/21/08
By Lisa McCormack

With the real estate market seeing a down turn across the country, more and more seller’s are receiving “low-ball” offers. I was reading the NY Times and found an article including a sample response letter for seller’s. See the letter below and a link to the full article… happy selling!

Dear Bidder:

Thanks so much for your note. I’m truly glad that you like our home as much as we do. You’re right that my family and I have many great memories of this place, and we hope someday you will, too.
And I just want you to know that I’m not insulted in any way by your offer. The fact is, none of us are very good at buying and selling homes. We don’t do it often, and as much as we know we’re not supposed to let emotions get in the way, it’s hard not to. After all, few people buy or sell anything else as expensive as a home in their lifetimes.

That said, your offer disappointed me. You seem to believe that I’m not aware of how bad things are out there or that I’m in denial. But I do read the headlines, and I priced the house accordingly. I knew I might have to wait awhile to sell it.

I should point out that your data draws on what has already happened in the housing market. Instead, I’d ask you to consider what’s about to happen.

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If you are interested in learning some of helpful points to your sell your house, I recommend you watch this video:“How to Sell Your House (in a crappy market)!“.

Sometimes it is better to listen to what experts outside of Vermont have to say. It is a quick and easy video to watch, just four minutes long. It offers good advise on selling your home in the current market. Go to How to Sell Your House and see what the experts have to say.

Also I am offering a FREE book on “Who’s the Best Person to Sell My House?”. Just make a comment on my blog and I will be happy to send you a copy

To Search the MLS check out my website: Peggysmithvt.com

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