Sellers

After the sale

soldAll of your hard work has paid off. You've sold your house!

Definitely pop the champagne cork and celebrate but there are a few things the authors of "House Selling for Dummies" recommend after the sale:

Keep copies of all paperwork related to the closing.  You may be tempted to put these in storage, especially if you are buying another property and will be moving around. If you do, be sure all this paperwork is handy for April 15th. When you file your taxes, you'll need documentation for the expenses and proceeds of the sale.

Keep proof of improvements and prior purchases. Even though the property is sold, remember that the IRS may still allow you to the cost of improvements to your home's cost basis during the time you owned the home. This can be especially useful if you have a sizable capital gain. But to use this tax provision, you need to keep receipts for everything you spent on home improvement. Consult your tax preparer or attorney for specific guidance

Choose your next home carefully and take your time. We know, once you have sold your home there may be some sense of urgency to buy another and get settled. Now is the perfect opportunity to take your time, look at a variety of areas and housing options that meet your family's needs. Who knows, you might even find something unexpected! If you need more time, rent for a while.

Think about what you need from an agent to help you buy. Can the agent who helped sell your house meet your needs when you're buying? Generally yes, but buying and selling require different skills. If moving to a new area, you may want someone familiar with the area; your trusted Realtor® can refer you to another agent.

Remember to send change-of-address notices. The Postal Service recommends you complete your change of address forms 30 days before you move.

Your Realtor can be an excellent resource even after this complex transaction has been completed.

You can trust Vermont Properties and Development to help you buy or sell your home. Visit our website www.vtprop.com for a variety of information or to look at listings in your area. Or give us a call at 802-28-8877 we would love to speak with you about your real estate needs.

VT Properties...Where everybody knows your name!

Buying or selling a home is a huge decision and often one of the largest purchases most will make. Technology is playing a greater role in today's real estate process. In fact a recent study by the National Association of Realtors® found that 94% of consumers are using the internet when considering a home purchase. Potential home buyers are doing a majority of their research before ever contacting a Realtor®.

VT Properties has embraced changes in the way people approach buying and selling, but it has not been at the expense of exceptional and personalized service.

Our exceptional customer service and local expertise will enhance your home buying experience and provide peace of mind during this complex process. We believe that every customer who walks through our front door is walking into our home and define success by the relationships we have built and will build for many years to come.

The next time you are considering buying or selling real estate, don't just Google(TM) a Vermont Realtor®.

Find your trusted Realtor® at Vermont Properties and Development or call us at 802-228-8877. We are your local experts for properties in the Okemo Valley, both on and off Okemo Mountain and in the Lakes Region. Stop by and see us at 29 Locust Hill Rd across from the Okemo Valley Golf Club.

At Vermont Properties and Development...we know your name!

Vacation home sales on the rise

With an improving economy, low but rising interest rates and a boost in the stock market, vacation home purchases continue to increase. According to National Association of Realtors' ® 2013 Investment and Vacation Home Buyers Survey, vacation home sales rose by as much as 10%, while the median sales price rose by 24%.

While there are many reasons for this upswing, the primary factor is often value. Vacation properties are still priced well below pre-recession highs. As the recovery continues, buyers will begin to see higher prices coupled with decreasing inventory and may find themselves squeezed out of the vacation home market.

One specific sector that has seen more action is the higher end market in resort areas. Properties that may have been on the market for a year or more are suddenly seeing increased activity. In many cases, these properties can sell very quickly. The savvy buyer knows what he or she wants and when they see it, they buy it.

We may be sitting on the cusp of opportunity in the vacation home market. As often happens in real estate, when the opportunity has passed we are often left wishing we had "jumped on the bandwagon".

Vermont Properties and Development specializes in properties in the Ludlow/Okemo Valley, both on and off Okemo Mountain. Two of our agents are certified as Resort and Second Home Property Specialists allowing us to better service the second-home and resort area real estate market. Give us a call at 802-228-8877 or stop by our office at 29 Locust Hill Road.

We look forward to meeting you.

"You never get a second chance to make a good first impression"...Will Rogers

While sellers can count on the importance of "location, location, location" one of the most important features is a good first impression when it comes to selling their home. When real estate sales were booming here at Okemo, buyers were scooping up properties regardless of condition. Inventory was much lower and buyers needed to move fast when the right property came on the market.

Fast forward and it is a new day!  The Okemo real estate market is improving and we see buyers returning to the market, but they are no longer grabbing up properties regardless of condition. There is still some sense of urgency due to rising interest rates; however, it has never been more important for sellers to put their best foot forward in terms of preparing a clean, well maintained and inviting home.

As a Real Estate Professional, I have seen sellers drop prices, offer selling bonuses and look for other creative ways to get the property sold. But remember, you never get a second chance to make a good first impression! Pay attention to buyer's feedback, this is gold.

If your real estate agent isn't making suggestions on what you need to do to get your home ready to sell, ask and then....act!

Whether your property is a winter vacation ski home or a primary year round residence it should be dressed to impress in any season. Cut the grass, paint he door, clean the closets, stain the deck... money spent upfront will help grab that buyer the first time through and stand out against the competition.  Just as looks aren't everything....neither is price.

2front porch

Busiest Okemo Real Estate Market in 4 Years

The 2013 ski season ended on a high note with lots of snow still on the slopes and plenty of skiers racking up their ski days right up until closing day.

As real estate professionals we are asked often when the busiest sales time of year is.  Typically the answer is "going into and out of the ski season".  The end of this year's ski season was truly one of the busiest we have seen in nearly 4 years!  The number of closed property transactions is up over 2012 and interest rates have remained lowed.  Many buyers we are working with have been watching our market and realize prices are favorable and interest rates will not stay at these 30 year lows forever.

Now is the time to buy!

Spring Skiing and Buying

March is upon us and here at Okemo Mountain that means great late season skiing and an active real estate sales market. The recent snow fall has helped keep buyers engaged in winter activities and buying ski homes.

It is hard to believe that this time last year the ski season was already over with Okemo closing down mid-March. What a difference this year's snow fall has made.

Okemo estimates closing day will be April 14th.  No doubt we will continue with epic ski conditions through the rest of the season

Meanwhile what does a bustling ski town do for the real estate market?  There is a "perfect storm" brewing for the real estate sales. The combination of great inventory, lower list prices and historic low interest rates buyers are seeing VALUE and homes sales are active.

Yukon Kornelius Okemo Mountain Resort

Spring real estate market very active in Ludlow Vermont

March is upon us and here at Okemo Mountain that means great late season skiing and active real estate sales market.   The recent snow fall has helped keep buyers engaged and focused on Okemo and buying ski homes.

We have been lucky here in Vermont to experience a great deal of late season snow. Okemo Mountain and the Ludlow real estate market are buzzing with activity.  There is a "perfect storm" brewing for real estate sales. With the combination of great inventory, good prices and low interest rates home buyers are seeing the value and are realizing this is the best time to buy.

With the late season natural snow and early Easter holiday we expect sales traffic to continue through March and early April.

Who Wants to be a Seller?

As a seller in the Ludlow Okemo area there are 3 questions you need to ask yourself?

1. Do I have the time and the money to keep this property and for how long?

   Know your monthly carrying costs to the penny

2. Is holding on to this property while waiting for the market to turn around keeping me from moving forward with plans, dreams,   and retirement?

 Time is valuable

3. Do I trust my Realtor® enough to listen to them?

 Sometimes your first offer may not be your best offer, but negotiated well this could be your best buyer

Searching for Real Estate in the Okemo/Ludlow Vermont Area?

vtprop

Recent studies reveal that 90% of all real estate shopping begins online! The internet has changed the face of industry and how buyers shop for real estate is right up there offering huge amounts of sales data available to the general public.

Take a hint from a professional...not every website is easy, accurate or reliable. Every market is different and unless you have a good source for information you can spend precious time browsing either old inventory or unreliable sites.

www.vtprop.com is your trusted source for up to date information on the Okemo real estate market. Our new site gives you the convenience of using a reliable website backed by personal attention from a local real estate team.

To best serve today's buyers and sellers, our site has undergone a huge revision. You can now register online, set up your own search criteria and choose to receive automatic updates as new listings become available that match your criteria.

As a member of MLS our team is dedicated to educating our buyers and sellers about the market. Our cooperative agreements with all area agencies give us access to all listings and we have no problem showing you other brokers' listings along with our own.

Not all agencies and Realtors® work with the same service related philosophy as Vermont Properties & Development, which is part of what sets our sales team apart from the rest!

Thinking of selling and don't know where to start?

Selling a home can be overwhelming, whether it is your primary home or a family vacation home. Many sellers don't know where to start. Your first call should be to a local Realtor® preferably one that comes recommended to you from a family member or friend who had a positive experience or a Realtor® that you have done some diligence in researching their area of expertise.

Every market is different and finding the Realtor® that is best suited to sell your home is an important factor to consider. The bottom line is you may like a Realtor® as a person and they may be successful but are they successful in the market which your home will be placed? Inviting a Realtor® into you home to give you a fair market analysis is a great start but it is equally important to listen to what the professional has to say about what you need to do in order for your home to shine and show at its best. A Realtor® can give you a list of service people that can help you get projects done as well as help you to prioritize those projects according to your budget. It is not a bad idea to meet with two or even three Realtors® before listing your property. When interviewing a Realtor® it is important to take the time to look at their advertisements, website and how their listings look on line. Are the pictures clear or blurry? Are there pictures of rooms with un-made beds or clothes on the floor? Are the exterior pictures taken on a blue sky day and from the best possible angle? You may be surprised by what you can learn when you look at a Realtor's® pictures. Buyers are easily turned off and will ignore properties that do not present well on-line no matter how low the price may be. If their listings do not grab your eye, how will your listing appear to other consumer? Remember a picture may be worth more than a 1,000 words, when it comes to selling your home, it may be worth $$!