Real estate advice: Bonnie Gridley

Preparedness as a home buyer is paramount. First explore, with at least three different lenders, their loan options for you and get a letter of pre-qualification, so you know what you can afford. It’s always more rewarding to go shopping when you know what your budget is. 

The years since the start of COVID have been very interesting, and totally unlike any other period of time since I have been selling real estate, which is about 45 years. 

The real estate market nationally continues to reel from the many effects of the pandemic, and Vermont’s market is no exception.  In a word, the market is “complex,” and in the process of recalibrating.

‏The Addison County real estate market experienced a strong surge in 2022, with rising purchase prices, multiple offers, shorter market times and cash offers.

The local real estate market has experienced a good increase in the value of homes in the past two years.

hey range from families looking to get closer to family and come back to their roots where they were raised or grew up, to parents who are retired looking to have a home closer to their grown children and grandchildren.

Addison County’s housing inventory remains very low with only about 25 properties actively available throughout the county as of Feb. 24.

In January, we started seeing interest rates fall, home prices started leveling off and new properties started coming on the market at a quicker pace.