We continue to be amazed by the strength of the Madison area real estate market. Many homes and condos, those that are updated and well-maintained, are receiving multiple offers and selling for well above the list, even as we head into the late summer season. It's clear buyers are willing to pay a premium for the well-updated and well-maintained home.
On the flipside, we are seeing more listings sit on the market, too. These tend to be the properties that are priced aggressively, while requiring the buyer to make expensive repairs and updates after the sale. As the cost of nearly everything continues to rise, many buyers are choosing to conserve their cash, and steering clear of the homes that come with big post-purchase projects.
If you're planning to sell in the near future, it's important for you to be mindful of buyer preferences, and know that you can avoid a lengthy and frustrating sale by working proactively with a real estate professional.
A professional will help you make the correct investments upfront, resulting in a tremendous price and quick sale when your home hits the market. Call us when you have questions. We're here to help.
This article is published courtesy of:
Dan Miller, REALTOR
Mad City Dream Homes & Realty Executives Cooper Spransy
1619 Monroe Street #1, Madison, WI, 53711
