The Spring Market Is NOW!!

This is it. It’s here. The 2010 Spring Market has officially begun.

The extension and broadening of the government stimulus program will bring forth our next wave of buyers and sellers. The substantial market activity seen in the 3rd and 4th quarters of 2009 will surely continue and INCREASE as interest rates remain low and even more buyers are included in the cash benefits offered by the government. The goal for sellers is to get your home sold at the best price in the quickest timeframe; OR, for buyers, to find the best home at the best value in the greatest neighborhood you can afford… while scooping up to $8000 in cash (a direct refund check) from the government. You must have an accepted contract prior to April 30.

Buyers and sellers…you’d each best get a move on as there is much to do.

Dig in now! Get Christmas put away and, while you’re at it, get that basement/attic reorganized. Big plastic storage bins are gifts from the gods, so buy plenty, stack neatly, attic/basement/garage. Start clearing the clutter from the walls and horizontal surfaces everywhere and begin thinking about muted paint colors for the bedrooms and basement (YES, the basement). A prelisting home inspection will give you a head’s up for things that need attention in the repair & maintenance areas. Have the furnace cleaned and serviced so a freshly dated service tag is noted and broom the dust off the hot water tank. Schedule interviews with several Lakewood realtors to review marketing plans, pricing options and staging arrangements. That will keep you busy the first week. By allowing just 90 days for marketing, finding a qualified buyer, and agreeing to contract terms prior to April 30. A home needs to be on the market by February 1.

Although our housing inventory levels are reduced from major highs, many good values in every price range and in every form of housing stock (single family, condos, and doubles) are available in Lakewood today. First off, run, don’t walk, to a stable local lender for a no nonsense mortgage preapproval. (Most will be looking for a completed 2009 tax return, so add that to your list.) If a renter, copies of 12 months of rent checks (front and back) will be required. Begin requesting these copies from your bank. Internet searches will provide excellent beginning information for neighborhood pricing and parameters. Interview several realtors familiar with the communities of choice to determine who can best service your timing needs and motivations. Perhaps even view a couple homes with each realtor to help determine their areas of expertise and how they suit your ‘style.’

NOW is the time, don’t miss this opportunity.