Real estate activity at Deep Creek Lake is heating up with the warmer spring temperatures. We are seeing positive signs of a seller’s market in the making!
May 2018 Real Estate Update
Out of the 200 active lake area homes, 17 of them sold in the last month. And better news, the average sales price to average list price was only a 5% difference. In other words, the offer price is getting closer to the listing price. Historically, that number has been around 8-12%. The average days on market for these homes was about three months. As we get into the summer months, I will take a guess that timeframe will get shorter.
Location, presentation and price are still the key factors in any real estate transaction. You have location nailed. Deep Creek Lake is the place to be. Continue reading May 2018 Real Estate Update
You can increase your home value no matter what your budget. If you are thinking of selling, little upgrades can mean a lot to buyers. You should focus your efforts (and your dollars) on tasks that pack the biggest punch.
Our real estate team put together a list of some proven ways to increase your home value. To be sure you spend appropriately for your target market, it is always recommended that you speak with an agent before getting started.
Buyers have always been focused on kitchens, and most are looking for something that is modern/updated. You don’t necessarily need a total overhaul. Even small investments can increase your home value.
Go for a fresh, coordinated look with new suite of appliances and a new countertop and flooring. Paint walls or cabinets and update hardware too. “Stainless steel” isn’t new but still indicates “modern” in the mind of the buyer. Also, quartz countertops are becoming increasingly popular due to their resiliency.
Focus on Floorplans
Adding to the living space in your home can definitely boost value. Many buyers are looking for either an open layout or flexible spaces that can suit a variety of purposes. Continue reading Top 5 Tips to Increase Your Home Value