Page 4 - Van Wig & Associates Newsletter, Lakewood Edge ~ September 2019 Issue

Q & A with the real estate expert
ASK ALLISON VAN WIG

DOES A ‘BUYER’S MARKET’ MEAN WE SHOULD WAIT TO SELL?

Qwhat is often called A Dear Joe, While the right house in an ideal on its last legs? How are the you can relax; eventually, that
Dear Allison, My
overall sales numbers location.
wiring and plumbing?
day will roll back around—if
wife and I live in
nationwide seem
If all you need are new it hasn’t already. That might
Most homeowners believe
(and continues to to suggest buyers have the it’s a good time to sell, but if fixtures, make sure you get give you time to decide
be) “a nice neighborhood advantage, that doesn’t mean you’re in no rush to put your the good stuff. Going on whether you really want to
with good schools.” Despite you can’t take advantage of home on the market, then the cheap will show in the sell the house at all. n
having accumulated 30 years the numbers of eager buyers you might want to go ahead finished product and reflect
of happy memories, we’re at your disposal. With price and address any issues that poorly on you and your
not attached to staying in growth and interest rates could prevent a sale at your real estate agent. Absolutely
this particular piece of real easing up, people are starting preferred price. do not cut corners on the
estate until we die. We’re to venture into waters they An old house is bound to big jobs. Leave those to the
not ready to get turned out once thought were beyond need some updates and fixes. professionals who will ensure
to pasture yet, and since we their depth. These may be as simple as a the systems are up to code.
have more house than we Homes are not selling fresh coat of paint, crisped- Whether you sell now or
need or care to maintain, quickly everywhere, although up landscaping and new later is entirely up to you. If
we figure it may be time to in most regions sellers are hardware, all of which you you choose the former and sell
downsize. The kids say it’s getting close to if not more could do yourself (maybe the house “as is,” then you’ll
a buyer’s market and advise than the original list prices. with help). Inspect the probably get substantially
us to hold out until it swings The fact that some markets property’s other features and less than you would if you
back in our favor. I guess we have higher supplies than determine how much work were to wait until you get Allison Van Wig
could take our time and fix they had a year or so ago hints they need. Can you get away it up to par. Waiting until (CA DRE #00985700) is the
or change a few things in the that buyers are less willing to with cleaning the windows, after you’ve made necessary Owner of Van Wig & Associates
house. Maybe we should just settle than they were when or should you replace them? improvements will pay off in you can call or email her at:
resign ourselves to sticking inventory was tight. Buyers Does the house need a new the end. If you want to wait 562-882-1581 or
around? - Joe S. are prepared to pay well for furnace? Is the water heater for the next seller’s market, Allison@superbroker.com

Go to: www.LakewoodPrices.com

4