Owning property is a major financial decision that requires extensive research and knowledge about the market before making the purchase. In addition to having the credit worthiness to become an approved buyer, to close on the property, the purchase price has to be a competitive offer. One of the most competitive real estate markets is in Vermont. According to many publications, one reason for this phenomenon is that Vermont has one of the lowest populations and one of the lowest foreclosure rates in the country.
Most residents purchase properties in Vermont and choose to stay in that area instead of moving from city to city. The employers have small attrition rates and the residents are overall happier and healthier than other states according to reports. Therefore, the properties are normally well taken care of and updated periodically to keep up with the changing home decor trends. When appraisers evaluate these homes, most times they are found to have increased in value due to the updates the owners have completed on the home.
Since there are not an abundant amount of homes available on the market, to accommodate new residents of the state, new construction is often purchased more than a previously owned home in Vermont. Signature Properties of VT specializes in locating these new homes for new home owners looking to acquire a home that fits all of their specifications. Because the homes are new construction Single Family Homes in Shelburne areas, the builders are able to customize many of the features for the new owner.
If the owner does not want a new construction Single Family Homes in Shelburne the Realtors are qualified to diligently search the available market until a home that suits the specifications of the potential buyer. Pre-owned homes in the Vermont area are often rare enough that they end up with a bidding war against multiple buyers. This act increases the price of a competitively priced home and the owners often earn more than what they list the home for and without agreeing to any extra compensations. When this happens, the process is called an “owner’s market,” which means the buyer’s are often outbid and are forced to bid on many homes before they finally win a bid or decide on a new construction.
