By New England Landmark Realty LTD

The Mad River Valley in Vermont, home to scenic towns like Warren, Waitsfield, and Moretown, is experiencing a real estate boom. Buyers are flocking to the area for its natural beauty, recreational opportunities, and a growing demand for rural living. But with the market moving so fast, the big question is: Is now the right time to buy, or should you wait?

Current Market Overview

The latest Mad River Valley real estate market data shows a median list price of $649,500. This is well above Vermont's state average, signaling the high demand in this picturesque area. Homes in the Valley also sell quickly—most properties stay on the market for just 35 days before finding a buyer.

There are currently only 17 active listings, so supply is tight. If you're considering buying in this market, you'll need to be prepared to act fast.

What's Driving the Real Estate Boom?

Several factors are pushing the Mad River Valley real estate market to new heights:

• Remote Work

The rise of remote work is fueling demand for homes in rural areas. Buyers from cities like Boston and New York are drawn to the Valley because it is close to urban centers while offering a peaceful, scenic lifestyle.

• Outdoor Lifestyle

The Valley is known for its year-round outdoor activities, including skiing at Sugarbush Resort, hiking in the Green Mountains, and access to the Mad River. These amenities make it attractive for full-time residents and vacation home buyers.

• Low Inventory

With only a handful of listings available, the competition is fierce. Large lots in towns like Fayston and Moretown are especially in demand, pushing prices higher.

Is Now the Time to Buy in Mad River Valley?

Now might be the best time for investors and long-term buyers to buy. With property values steadily rising, waiting could mean paying more. However, it's important to consider the potential risks, such as a market correction or unexpected expenses. The limited inventory and increasing demand make it likely that prices will continue to rise in the coming months.

If you're a primary homebuyer looking for a permanent residence, the Mad River Valley offers a strong quality of life. However, you'll face tough competition, and homes are selling quickly. Be ready to move fast when you find a property you love, especially if it offers features like mountain views or proximity to outdoor activities.

Reasons to Wait?

Some buyers may wonder if waiting could lead to lower prices or more inventory. While it's possible that rising interest rates or an influx of listings could cool the market, there's little sign of that happening soon. The continued demand for rural properties suggests that prices are more likely to rise than fall.

If you can afford to wait, you might have more choices. However, with such strong demand, it's a risky gamble that prices will drop significantly. For many, the fear of waiting is that prices will rise and competition will intensify, making it a high-stakes decision.

The Verdict: Buy Now or Wait?

If you're serious about buying in the Mad River Valley, the current data suggests it's better to act sooner rather than later. Prices are rising, and inventory is low, meaning waiting could result in higher costs and fewer options. But, if you're flexible and can wait for the right opportunity, you might find more listings in the months ahead.

Expert's Advice

As Tony Walton, an experienced real estate professional in the Valley, advises:

"Timing the market is tough, but in areas like Mad River Valley, waiting often means paying more down the road."

If you're ready to explore your options, contact Tony and his team at VTMove.com. Their local knowledge and personalized service can help you navigate this fast-moving market.

About The Author

Meet Tony Walton, owner and principal broker at New England Landmark Realty, your expert guide to Vermont's real estate scene. Discover personalized market reports, connect with our superior team of local Agents and Brokers, and access valuable resources for buyers and sellers. Delve into Tony's bio and kickstart your real estate journey today with New England Landmark Realty. Find his team at VTMove.com or call 802-253-4711 for personalized service and expert guidance.

By New England Landmark Realty LTD

Whether looking to buy or sell a home in Waterbury or Duxbury, staying on top of market trends is essential for making informed decisions. Here's a detailed guide to current conditions to help you confidently make your next move.

For Home Buyers:

Price Range

The Waterbury and Duxbury markets boast a diverse range of homes, from affordable options starting at $524,000 to high-end properties reaching $1.49M. This wide range not only provides opportunities but also sparks excitement, whether you're a first-time buyer or looking for a luxury estate.

Example: A great entry point is the 3-bed, 3-bath home at 9 Hollow Road, Waterbury, listed at $524,000. It offers 2,504 sq. ft. of living space and a 1.23-acre lot.

Luxury Option: For those seeking something more spacious, 371 Lonesome Trail, Waterbury, is a 3-bed, 3-bath home on 25.6 acres, listed for $1,495,000.

Lot Size

If you're searching for privacy and space, properties range from cozy 1.23-acre lots to sprawling 25.6-acre estates. There's plenty of choice, whether you're looking for a manageable yard or room for future projects.

Example: 1450 Shaw Mansion Road, Waterbury, offers a 2.2-acre lot at $650,000, ideal for buyers who want some room to spread out but not too much land to maintain.

Market Speed (Days on Market)

Homes in these neighborhoods are selling with an average of 86 days on the market. However, higher-end or niche properties can take longer to sell, giving buyers more room to negotiate.

Keep an eye on homes that have been on the market for over 100 days, like TBD Tabor Lane, Duxbury. It's listed at $564,900 and has been on the market for 215 days, potentially signaling a chance for you to negotiate a better deal and take control of your home buying journey.

Square Footage and Home Size

Homes range from 1,500 sq. ft. to over 3,200 sq. ft., with most properties featuring 3 to 4 bedrooms—perfect for growing families or those needing extra space for work-from-home setups.

Example: The 4-bedroom, 3-bath home at 417 Spruce Haven Road, Waterbury, priced at $674,000, offers 2,810 sq. ft., making it a great option for larger families or those looking for more space.

For Home Sellers:

Price Your Home Strategically

With homes on the market from $524,000 to $1.49M, pricing your property correctly is key to standing out and selling fast. Pricing too high may leave your home sitting for months, while pricing competitively can generate quicker interest.

Example: Homes like 371 Lonesome Trail, Waterbury, priced at the higher end of the market at $1.49M, tend to attract buyers seeking luxury and larger lots. If listing a mid-range home, look to properties like 1450 Shaw Mansion Road ($650,000) to gauge competitive pricing.

Prepare for a 3-Month Selling Window.

On average, homes sell in about 86 days. This information should reassure you about the selling window, giving you the confidence to plan your listing and consider strategies to boost appeal and shorten the time on the market.

Example: Homes like TBD Tabor Lane, Duxbury, which has been listed for 215 days, may require price adjustments or fresh marketing strategies to appeal to the right buyers.

Highlight Space and Features

Buyers are keen on homes with spacious lots and ample square footage. Highlighting your property's unique features—acreage, bedroom count, or modern finishes—can help attract more serious buyers.

Example: If you're selling a home like 417 Spruce Haven Road, Waterbury, showcasing the 2,810 sq. ft. and large 4-bedroom, 3-bath layout will appeal to families needing more room.

In Summary:

For buyers, the Waterbury and Duxbury markets offer a range of opportunities, from mid-range homes to expansive properties. Now is a great time to find a home that fits your lifestyle, with competitive pricing and varied lot sizes.

For sellers, positioning your home correctly with competitive pricing and highlighting key features like space and privacy will be essential for a successful sale.

Need Expert Advice?

Contact Tony Walton and his team for the best local insights and strategies to buy or sell confidently.

About The Author

Meet Tony Walton, owner and principal broker at New England Landmark Realty, your expert guide to Vermont's real estate scene. Discover personalized market reports, connect with our superior team of local Agents and Brokers, and access valuable resources for buyers and sellers. Delve into Tony's bio and kickstart your real estate journey today with New England Landmark Realty. Find his team at VTMove.com or call 802-253-4711 for personalized service and expert guidance.

By New England Landmark Realty LTD

The adage "you get what you pay for" rings especially true in Vermont real estate. If you're a home seller, you might be tempted to cut costs by opting for flat fee services or even trying to sell your property on your own. However, the value of working with a professional real estate agent lies in their ability to streamline the process and maximize your return on investment (ROI). Here's why investing in a Landmark real estate professional is often the wisest financial decision.

Part 3: Common Misconceptions About Real Estate Commissions and the True Value of Quality Service

Misconception #1: Real Estate Commissions Are Too High

Yes, real estate commissions are substantial. But consider what they cover:

• Marketing Costs: Professional photography, advertising, open houses, and more.
• Time and Effort: Managing showings, fielding inquiries, negotiating offers, and handling all the paperwork.
• Expertise and Advice: Providing market insights, pricing strategies, and negotiation skills.

When you invest in a professional agent, you're not just investing in their time—you're investing in their unique skills, market knowledge, and ability to close deals effectively.

Misconception #2: Selling a Property Is Easy—Anyone Can Do It

While it might seem straightforward, selling a property involves numerous steps, each requiring specific expertise:

• Setting the Right Price: This isn't just a number you pick out of the air. It requires understanding market trends, comparable sales, and buyer behavior.
• Attracting Buyers: You must attract the right buyers before listing a property. Professional agents know how to target their marketing to reach the most interested and qualified buyers.
• Closing the Deal: The negotiation process can make or break a sale. It requires skill, patience, and understanding of legal and financial terms.

Misconception #3: Flat Fee Services Save Money

While you might save on commission, flat fee services can cost you more in the long run:

• Lower Sale Price: Without professional marketing and negotiation, you might end up selling for less than your property is worth.
• Longer Time on Market: Without expert pricing and marketing, your property could sit on the market longer, costing you time and money.
• Risk of Legal Issues: Handling the sale yourself increases the risk of missing critical legal details, leading to potential legal disputes or transaction failures.

Conclusion: Investing in Success

The bottom line is this: in real estate, as in many areas of life, you get what you pay for. Professional real estate agents provide the expertise, market knowledge, and negotiation skills that flat fee services can't match. They work to maximize your ROI by selling your property quickly and for the best possible price. Skipping on professional help might seem like a way to save money, but in reality, it's often a shortcut to lower profits and higher stress. Investing in professional help is an investment in your peace of mind and financial success.

When you're dealing with one of the largest financial transactions of your life, investing in quality service is not just a smart move—it's essential for success. Don't let the promise of saving a few dollars today cost you thousands tomorrow. Trust the professionals to help you get the most from your Vermont real estate investments, and you'll feel financially secure in the long run.

Ready to make the most out of your Vermont property sale? Contact us today, and let's get started!

About The Author

Meet Tony Walton, owner and principal broker at New England Landmark Realty, your expert guide to Vermont's real estate scene. Discover personalized market reports, connect with our superior team of local Agents and Brokers, and access valuable resources for buyers and sellers. Delve into Tony's bio and kickstart your real estate journey today with New England Landmark Realty. Find his team at VTMove.com or call 802-253-4711 for personalized service and expert guidance.

By New England Landmark Realty LTD

In Part 1, we discussed the hidden costs of flat-fee real estate services and the risks of going it alone. Now, let's turn the spotlight on why professional real estate agents are worth their weight in gold. Spoiler alert: it's not just about having someone to do the paperwork.

What Do Professional Agents Bring to the Table?

Market Knowledge and Expertise: A good real estate agent knows the local Vermont market like the back of their hand. They understand the nuances of your neighborhood, know what buyers are looking for, and can provide data-driven advice on pricing and marketing strategies.

Effective Marketing: Professional agents don't just list your property; they market it. This includes professional photos, virtual tours, staging advice, and strategic advertising. Their goal is to showcase your property in the best possible light to attract serious buyers.

Negotiation Skills: Negotiating is a fine art. Agents have the experience to negotiate effectively, ensuring you get the best price and terms. They understand handling multiple offers, counteroffers, and tricky buyer demands without letting emotions cloud the deal.

Case Study: A Developer's Perspective

Vermont real estate developers—professionals who make a living building and selling properties—don't cut corners when it comes to selling. Why? Because they understand that maximizing ROI means bringing in the pros. Developers hire professional agents to handle sales because they know the value of expert marketing, broad network reach, and skilled negotiation. For instance, a professional agent can help a developer identify the right target market for a new property, ensuring a quicker and more profitable sale.

Example: A developer lists a new condo building. They use professional agents who market to their extensive network, host open houses, and drive up demand. The result? The condos sell quickly and at top dollar, maximizing the developer's profit.

The Opportunity Cost of Not Hiring a Pro

When you skip professional services, you might save on commission, but what about the value of your time, peace of mind, and potential profit lost? Handling the sale process alone can be stressful, time-consuming, and risky if you need to become more familiar with real estate transactions' legal and financial intricacies. Professional agents bring peace of mind, allowing you to relax knowing that your property is in good hands.

Example: You spend months managing showings, dealing with inquiries, and negotiating offers, only to accept a lower price because you need to move quickly. This process can be incredibly stressful, with the constant pressure of maintaining a presentable property and the uncertainty of when a suitable offer will come. Meanwhile, your life is on hold, and your stress levels are rising.

Conclusion

Professional real estate agents offer more than just listing services—they provide expertise, marketing power, and negotiation skills that can significantly impact your bottom line. In the final part of our series, we'll explore some common misconceptions about real estate commissions and why paying for quality service is an investment in your success. If you're considering a property transaction, we urge you to weigh the benefits of professional agents against the potential risks of going it alone. (Part 3: Why You Should Work With A Real Estate Professional) 

About The Author

Meet Tony Walton, owner and principal broker at New England Landmark Realty, your expert guide to Vermont's real estate scene. Discover personalized market reports, connect with our superior team of local Agents and Brokers, and access valuable resources for buyers and sellers. Delve into Tony's bio and kickstart your real estate journey today with New England Landmark Realty. Find his team at VTMove.com or call 802-253-4711 for personalized service and expert guidance.

by New England Landmark Realty LTD

Part 1: The Real Cost of Cutting Corners in Real Estate Sales

When selling a Vermont property, it is tempting to think that saving money upfront will lead to more profit. Flat-fee real estate services promise an appealing, low-cost alternative to traditional commission-based agents. However, cutting corners often comes with hidden costs that can add up, reducing your overall return.

Understanding Flat Fee Services

Flat fee services typically offer to list your property on the Multiple Listing Service (MLS) for a one-time fee. After that, you're mostly on your own. This might sound like a smart way to save money, but let's consider what you're getting—or not.

• Limited Service: A flat-fee service might get your property on the MLS, but that's often where the help ends. You might need more professional photography, effective marketing, or accurate guidance on pricing your home. These services can leave you doing the heavy lifting—showing the property, handling inquiries, and negotiating with buyers.

• Minimal Expertise: When you pay less, you usually get less. With flat-fee services, you might miss out on expert advice that can make a difference in how quickly your property sells and at what price. Professional real estate agents bring years of experience, knowing how to position a property in the local market, attract serious Vermont buyers, and close deals effectively.

Common Complaints from Flat Fee Brokerage Clients

1. Lack of Personalised Support: Many clients find that the minimal guidance provided by flat fee brokers leads to frustration, especially when encountering challenges in the selling process without a dedicated agent.
2. Inadequate Marketing: Clients often complain that their property needs more marketing beyond being listed on the MLS. This can result in poor visibility in a competitive market, limiting their chances of attracting potential buyers.
3. Insufficient Knowledge and Expertise: Clients report feeling overwhelmed by the complexities of selling a property, as they miss the nuanced advice and market insights typically offered by full-service agents.
4. Difficulty in Negotiations: Without experienced representation, clients may struggle to negotiate effectively with buyers, risking lower offers or losing potential sales altogether.
5. Prolonged Selling Process: Many clients express dissatisfaction with the time it takes to sell their property when relying on flat fee services, often attributing this delay to a lack of comprehensive support and marketing efforts.
6. Hidden Fees: Some clients are surprised by additional charges that must be communicated upfront, leading to confusion and dissatisfaction with the overall cost-value ratio.

Imagine you're selling a house in a competitive market. Using a flat fee service to list your property can have its drawbacks. Without expert guidance, you might set your price too low or too high. Pricing too low means you could miss out on potential profits. On the other hand, a price that's too high could deter buyers, causing your property to linger on the market. This can lead to a negative perception that something might be wrong with it, ultimately forcing you to sell for less than its true value. Additionally, mistakes in negotiations could either kill the deal or result in underselling your equity. The financial risks of incorrect pricing and negotiation errors are substantial, so it's vital to approach this with care.

Example:

Suppose your house is worth $500,000. Underprice it by 5%, and you've lost $25,000. Overprice it, and you could reduce the price several times, costing you time and money.

Conclusion

While saving on commission is tempting, the potential downsides of flat fee services can be significant. In the next part of this series, we'll dive deeper into how professional agents bring value that flat fee services can't match. Understanding these potential benefits can leave you feeling optimistic about your real estate sales journey. (Part Two: Why Professional Agents Are Worth The Investment)

About The Author

Meet Tony Walton, owner and principal broker at New England Landmark Realty, your expert guide to Vermont's real estate scene. Discover personalized market reports, connect with our superior team of local Agents and Brokers, and access valuable resources for buyers and sellers. Delve into Tony's bio and kickstart your real estate journey today with New England Landmark Realty. Find his team at VTMove.com or call 802-253-4711 for personalized service and expert guidance.

by New England Landmark Realty LTD

Real estate sales encompass a wide and diverse spectrum, including single-family homes, multi-family properties, commercial spaces, and undeveloped land. Each category presents its own unique set of buyer pools, demands, needs, and marketing complexities. To excel in this market, sellers must grasp these nuances, empowering them to appeal to the right buyers and achieve the best return on investment.

Ready to Focus on Single-Family Homes? Here's What You Need to Know

Even within the category of single-family homes, the diversity is striking. Let's break down the different types of buyers and what they are looking for:

1. First-Time Homebuyers:
   • Looking for: Affordable, entry-level homes.
   • Key Needs Good school districts, proximity to work, move-in readiness, and potential for future resale value.
   • Marketing Tips: Highlight affordability, low-maintenance features, and neighborhood amenities. Emphasize the benefits of homeownership and long-term investment.
2. Move-Up Buyers:
   • Looking for: Larger homes with more space and modern amenities.
   • Key Needs: More bedrooms, bigger yards, quality schools, community feel, and safety.
   • Marketing Tips: Showcase space and family-friendly features. Highlight the lifestyle benefits of more room and luxury.
3. Luxury Buyers:
   • Looking for Unique, high-end properties in prestigious locations.
   • Key Needs: Custom architecture, smart home technology, high-quality materials, privacy, and exclusivity.
   • Marketing Tips: Use professional photography, virtual tours, and staging. Market through luxury magazines, exclusive websites, and private showings. Focus on exclusivity and lifestyle.
4. Downsizers and Retirees:
   • Looking for Smaller, more manageable homes with easy access to healthcare and leisure.
   • Key Needs: Single-level homes, accessibility, low maintenance, proximity to family and community engagement.
   • Marketing Tips: Highlight convenience, simplicity, and safety features. Emphasize the ease of living and sense of community.

The Art of Identifying and Reaching the Right Buyer

Successfully selling a property isn't just about listing it; it's about knowing who the most likely buyer is and tailoring your marketing approach to their needs. This requires a strategic blend of market knowledge, intuition, and planning. Here's how professional real estate agents excel in this area:

• Market Analysis:
• Understand the types of buyers currently active in your market. Look at recent sales, buyer demographics, and economic trends. Ask yourself: Who is buying, and what are they looking for?
• Property Positioning:
• Once you know your likely buyer, position your property to appeal directly to them. Consider staging, highlighting key features, and minor upgrades to boost appeal.
• Targeted Marketing:
• Tailor your marketing strategy to the identified buyer profile. This might include online ads targeting specific demographics, print ads, open houses, and networking events. Focus your messaging to resonate with what your buyer cares about most.
• Custom Messaging:
• Different buyers are attracted to different messages. First-time buyers want to hear about affordability, while luxury buyers are drawn to exclusivity and high-end features. Craft your message to speak directly to their motivations and desires.

Diversity in Other Real Estate Categories

The complexities seen in single-family home sales are mirrored across other real estate types:

• Land: Developers, investors, or custom home builders are potential buyers. Highlight zoning information, potential uses, and development opportunities.
• Commercial Properties: Think retail spaces, office buildings, or industrial sites. Attract investors and business owners by focusing on location, foot traffic, lease terms, and ROI potential.
• Multi-Family Properties: Perfect for investors seeking income properties. Emphasize occupancy rates, property management quality, and financial performance. Provide detailed ROI projections and stress stability and growth potential.

Don't Risk Your Investment: Opt for Full-Service Professional Expertise

Understanding your buyer is crucial for maximizing ROI in real estate. Each type has its own unique buyer pools and specific marketing needs, from single-family homes to land, commercial spaces, and multi-family properties. Only with the assurance of full-service professional expertise can sellers effectively navigate these complexities, instilling a sense of security and confidence.

While opting for flat fee services might seem like a way to save money, it often leads to lower profits and higher risks. Trusting the professionals ensures your property reaches the right buyers at the right price and under the best conditions. This cautionary advice is aimed at making the audience feel aware and informed, helping them avoid potential pitfalls and maximize their success.

About The Author

Meet Tony Walton, owner and principal broker at New England Landmark Realty, your expert guide to Vermont's real estate scene. Discover personalized market reports, connect with our superior team of local Agents and Brokers, and access valuable resources for buyers and sellers. Delve into Tony's bio and kickstart your real estate journey today with New England Landmark Realty. Find his team at VTMove.com or call 802-253-4711 for personalized service and expert guidance.

By New England Landmark Realty LTD

As we approach the final months of 2024, many Vermont homeowners are considering whether now is the right time to sell. You may face unique challenges if your home is located in a FEMA-designated flood zone. However, recent legislative changes and market data can empower you to make informed decisions that could lead to a successful sale.

The Impact of Flood Zones on Property Values

One of the most critical factors for any seller to consider is the sale price of their home. Recent data shows a stark contrast in property values between homes in flood zones and those that aren't.

In the past 20 months, 3-bedroom, 2-bathroom homes in Vermont not in flood zones sold for a median price of $499,000 and an average of $549,887. In contrast, similar homes in flood zones had a median price of $287,500 and an average of $342,431. This means that homes in flood zones are generally selling for significantly less—often over $200,000 lower than their non-flood zone counterparts.

Understanding Buyer Perception

Why is there such a difference in sale prices? The answer primarily comes down to buyer perception. Homes in flood zones are often viewed as riskier investments due to potential flood damage, higher insurance costs, and concerns about resale value. As a result, buyers either hesitate to make offers or negotiate more aggressively, leading to lower final sale prices.

Additionally, properties in flood zones take longer to sell. The data shows that these homes spend an average of 49.2 days on the market compared to just 28.7 days for homes outside flood zones. The median time on the market for flood zone properties is 14.5 days, almost double the eight days for non-flood zone properties. This extended time on the market can signal to buyers that something may be "off," further complicating the sale process.

New Flood Risk Disclosure Requirements

Effective June 17, 2024, Vermont has implemented Act 181, which requires sellers to provide Flood Risk Disclosures as part of any real estate transaction. This new law mandates that sellers must disclose the following information to potential buyers:

• Location within Flood Zones: Whether the property is located in a FEMA-mapped special or moderate flood hazard area.
• Flood History: Whether the property experienced flooding or flood damage during the seller's ownership, including damage from inundation, erosion, or landslides.
• Flood Insurance: Whether the seller maintains flood insurance on the property.

Failure to provide these disclosures can lead to the buyer terminating the contract before the transfer of title or occupancy. Additionally, if a buyer does not receive the required information, they may seek damages, attorney's fees, and even punitive damages if the seller knowingly withholds information.

Preparing Your Home for Sale

If you're a homeowner in a flood zone, these statistics and the new disclosure requirements might feel discouraging, but they don't have to be. You can take several proactive steps to improve your home's appeal and increase your sale price.

• Highlight the Positives: Emphasize any features that could offset the flood zone designation. This could include recent renovations, energy efficiency upgrades, or unique property features like large lot sizes or scenic views.
• Disclose Honestly: Vermont law now requires you to disclose flood risks. Be upfront with potential buyers and provide detailed information about any flood mitigation measures you've taken, such as flood-proofing or installing sump pumps. Transparency can build trust and prevent issues during negotiations.
• Price Competitively: Given the data, pricing your home competitively is crucial. Overpricing could cause your home to sit on the market for months, resulting in even lower offers. Consider having a professional appraisal done or consulting with a local real estate agent who understands the nuances of selling in flood zones.
• Consider Staging: Professional staging can make a significant difference in how quickly and for how much your home sells. A well-staged home can help potential buyers see past the flood zone designation and focus on the home's best features.
• Invest in Marketing: Homes in flood zones require more effort to market effectively. High-quality photos, virtual tours, and targeted online marketing campaigns can help reach the right buyers willing to overlook the flood zone designation in favor of the home's other attributes.

Negotiating Offers

When the offers start coming in, be prepared for buyers to bring up the flood zone designation as a point of negotiation. They may ask for concessions such as price reductions, repairs, or even the purchase of flood insurance for the first year. Knowing the market data gives you leverage. At the same time, you may need to make some concessions, but you also have the information to support your asking price.

The Bottom Line: Knowledge is Power

Selling a home in a flood zone has its challenges. However, you can still achieve a successful sale by understanding the market and preparing accordingly. The key is to be realistic about the potential hurdles, proactive in your approach, and strategic in your pricing and marketing efforts.

In summary:

• Flood zone properties sell for less: The median price difference is over $200,000 compared to non-flood zone homes.
• They take longer to sell: An average of 49.2 days on the market compared to 28.7 days for non-flood zone homes.
• New disclosure laws: Vermont's Act 181 requires detailed flood risk disclosures, making transparency essential.

With the right strategy, you can navigate the challenges of selling a home in a flood zone and achieve a favorable outcome. By leveraging the current market data and complying with new legal requirements, you can make informed decisions that align with your goals and timeline.

Need Help?

If you're considering selling your Vermont home in a flood zone, now is the time to consult with a real estate professional who understands your situation's unique challenges and opportunities. With expert guidance and a data-driven approach, you can turn potential challenges into selling points and close the deal on your terms.

For additional information, please click on the link below to view the entire Act 181:

Sec. 102. 27 VSA § 380

About The Author

Meet Tony Walton, owner and principal broker at New England Landmark Realty, your expert guide to Vermont's real estate scene. Discover personalized market reports, connect with our superior team of local Agents and Brokers, and access valuable resources for buyers and sellers. Delve into Tony's bio and kickstart your real estate journey today with New England Landmark Realty. Find his team at VTMove.com or call 802-253-4711 for personalized service and expert guidance.

By New England Landmark Realty LTD 

Are you seeking a tranquil getaway that offers luxury and convenience without breaking the bank? Look no further than this brand-new 3-bedroom, 2.5-bath condo in Moretown, Vermont. Nestled in the heart of the Green Mountains, this stunning property is the perfect second home for discerning buyers from East Coast hubs offering an affordable luxury that won't strain your budget.

(PHOTOS) Why This Condo Is Your Perfect Vermont Escape:

1. Unbeatable Value in a Prime Location: Unlike the pricey, used condos in Stowe and Warren, this modern gem is competitively priced, offering you more for your money. Enjoy the benefits of a brand-new home—no maintenance worries, pristine finishes, and modern amenities—all at a fraction of the cost you'd expect in Vermont's more tourist-heavy areas.

2. No Short-Term Rental Restrictions: Looking for a property that can serve as a personal retreat and an income-generating investment? This condo has no short-term rental restrictions, allowing you to rent it out when you're not enjoying it. Vermont's strong rental market makes this a smart choice for those looking to offset ownership costs or maximize their investment.

3. No HOA and Low Shared Fees: Enjoy the freedom of ownership without the burden of an HOA. The only shared fees are limited to standard area maintenance, trash removal, and driveway maintenance—keeping costs low and predictable. This ensures that your investment remains both affordable and stress-free, allowing you to focus on enjoying your home without worrying about excessive ongoing expenses.

4. Modern Comforts with Independence: Each unit features a new private septic system and a full basement for storage—rare finds in condo living. These amenities offer you the privacy and independence you crave, making your condo feel like a standalone home. Whether you need extra storage or value having control over your utilities, this property delivers, giving you a sense of control and independence.

5. Perfectly Positioned for All-Season Enjoyment: Moretown is ideally located for year-round recreation. Whether skiing in the winter, hiking in the summer, or simply relaxing amidst Vermont's natural beauty, you're just a short drive from everything that makes this state a sought-after destination. When you're ready to return to the city, Boston, NYC, and other East Coast hubs are within easy reach, promising you a year-round excitement and adventure.

6. Exclusive Two-Unit Community: This planned community has only two units, so you'll enjoy a level of privacy and exclusivity that's hard to find. The thoughtfully designed spaces ensure a peaceful, harmonious living environment—perfect for those seeking a serene escape from city life.

Your Vermont Haven is Waiting

Discover why 111 Sherman Drive is the perfect second home for those who value luxury, affordability, and convenience. Whether you want to make memories with family, generate rental income, or find your slice of Vermont paradise, this condo offers everything you need.

Contact us today to schedule a private showing and make this dream home yours!

About The Author

Meet Tony Walton, owner and principal broker at New England Landmark Realty, your expert guide to Vermont's real estate scene. Discover personalized market reports, connect with our superior team of local Agents and Brokers, and access valuable resources for buyers and sellers. Delve into Tony's bio and kickstart your real estate journey today with New England Landmark Realty. Find his team at VTMove.com or call 802-253-4711 for personalized service and expert guidance

By New England Landmark Realty LTD

Let's face it—when your real estate agent recommends offering compensation to other brokers, it might seem like an extra drain on your hard-earned equity. However, here's the stark truth: trying to save 1% or 2% on commissions could end up costing you a substantial portion of your equity—up to 5% to 10%. Cutting corners on commissions isn't just risky; it can be downright detrimental. Buyer's agents are indispensable in the selling process, drawing in potential buyers to your property. Their expertise and network can make a massive difference in ensuring your home sells for top dollar. So, rather than skimping on commissions, consider them an investment in maximizing your returns.

Why a Strong Strategy Matters

To secure the best sale price for your home, you need a comprehensive strategy that hits all the right marks: pricing, presentation, and timing. Even if everything else is perfect, undercutting the buyer's agent commission may undermine your efforts and slow the sale. A strong strategy is not just important; it's crucial. It's the backbone of your home sale, reassuring you that you're doing everything possible to maximize your equity.

Price: The Sweet Spot Matters

Setting the right price is crucial—too high, and buyers will stay away; too low, and you'll undermine your equity. But even the perfect price won't attract buyers if concerns about agent compensation cause delays or indecision. Any added delay can disrupt the momentum of buyer interest, especially if buyers are uncertain about how their agent will be paid. In our fast-paced Vermont real estate market, hesitation can lead to missed opportunities, making it essential to have a strategy that addresses all aspects, including seamless agent compensation.

Presentation: First Impressions Count

Professional photos, staging, and compelling descriptions are essential to making your home stand out. However, even the most stunning presentation will only generate offers if buyers are sure about the process, especially when it comes to how their agent will be compensated. Any uncertainty can lead to hesitation, disrupting the momentum and pace of buyer interest. Avoiding unforced delays due to penny-pinching is crucial to keeping buyer enthusiasm high and securing a timely sale.

Timing: Don't Miss the Momentum

Listing at the right time can create a buzz around your property, but that buzz can fizzle if buyers are uncertain or hesitant. Ensuring a smooth and transparent process will maintain the momentum and enthusiasm needed to secure a quick and profitable sale. Intelligent marketplace decision-making involves addressing all potential concerns upfront, keeping the pace of buyer interest steady and strong.

The Power of Buyer Competition

The best offers often come from buyers competing against each other. Escalation clauses, cash offers, and waived inspections can drive your sale price well above asking. But this competition only happens if buyers are drawn in and feel confident. The power of buyer competition can turn a good sale into a great one.

The Downside of Skimping on Commissions

If you reduce or eliminate the buyer's agent commission, you risk fewer buyers seeing your home, more complicated negotiations, and weaker offers. Buyers may avoid your property or lower their offers to cover their agent's fees, which reduces your net proceeds.

Lost Momentum Equals Lost Value

In real estate, momentum is everything. A strong start can lead to multiple offers and higher prices. But if your property lingers because of commission concerns, you could lose that initial burst of interest, leading to drawn-out negotiations and lower offers. The pace of offers is crucial; delays can result in missed opportunities and diminished buyer enthusiasm.

Conclusion: Prioritize Long-Term Gains

Saving a little on commission might seem appealing, but the long-term costs can far outweigh the savings. To maximize your home's appeal and encourage the best offers, ensure a smooth and transparent process that keeps buyer confidence high. Creating buyer competition is critical to a quick, profitable sale in a strong market.

About The Author

Meet Tony Walton, owner and principal broker at New England Landmark Realty, your expert guide to Vermont's real estate scene. Discover personalized market reports, connect with our superior team of local Agents and Brokers, and access valuable resources for buyers and sellers. Delve into Tony's bio and kickstart your real estate journey today with New England Landmark Realty. Find his team at VTMove.com or call 802-253-4711 for personalized service and expert guidance

By New England Landmark Realty LTD

Introduction

Vermont, celebrated for its picturesque landscapes and vibrant communities, is emerging as a hot spot in the real estate market. 2024 has witnessed a notable surge in property values across the state. This article explores the factors driving this trend and highlights the standout regions contributing to Vermont's booming real estate sector.

Price Appreciation Trends

Property values in Vermont have soared in 2024 compared to the previous year. Key regions have experienced substantial increases in average and median sale prices, reflecting strong and growing demand for homes.

• Grand Isle County: Leading the charge, Grand Isle saw average sale prices jump from $458,237 in July 2023 to $570,396 in July 2024. Median sale prices rose from $430,000 to $589,000.
• Lamoille County: This region experienced a remarkable rise in average sale prices, climbing from $540,351 in July 2023 to $957,544 in July 2024. Median prices followed suit, increasing from $465,000 to $653,000.
• Windham County: Average sale prices in Windham surged from $468,626 in July 2023 to $599,755 in July 2024, alongside a median price decrease from $435,000 to $395,000.

These regions are not alone in witnessing significant price appreciations. A consistent upward trajectory in property values characterizes the real estate market throughout Vermont.

Contributing Factors

Several factors contribute to the rise in property values across Vermont:

• Increased Demand: Vermont's appeal as a safe, scenic, and serene place to live has driven higher demand for homes. The state's quality of life and remote work trends have attracted new residents seeking a better balance between work and personal life.
• Economic Stability: Strong local economies, reflected in low unemployment rates and the opening of new businesses, have bolstered buyer confidence. This economic stability supports a healthy real estate market, encouraging investment and home purchases.
• Limited Inventory: While demand has surged, the supply of homes has not kept pace. Regions like Windham and Washington have maintained healthy inventory levels. Still, the limited housing supply has driven up competition and prices.
• Market Stability: The Vermont real estate market has remained stable, with consistent buyer activity and robust market conditions. This stability and rising demand have created an environment ripe for price appreciation.

Regional Highlights

• Grand Isle County: This region's significant price appreciation highlights its growing appeal. The combination of natural beauty and relative affordability compared to neighboring areas makes it an attractive destination for buyers.
• Lamoille County: Known for its outdoor recreational opportunities and vibrant communities, Lamoille's substantial price gains reflect its desirability among both locals and newcomers.
• Windham County: With its scenic landscapes and robust local economy, Windham's real estate market has seen impressive growth, making it a hotspot for property investment.

Conclusion

Vermont's real estate market 2024 is marked by significant property value appreciation, driven by increased demand, economic stability, limited inventory, and overall market stability. Regions like Grand Isle, Lamoille, and Windham stand out for their remarkable growth, highlighting the state's diverse and dynamic market.

As Vermont continues to attract new residents and investors, understanding these market trends is crucial for potential buyers and sellers. With its natural beauty, economic vitality, and rising property values, Vermont remains an appealing destination for real estate investment, offering exciting opportunities for those looking to enter the market.

About The Author

Meet Tony Walton, owner and principal broker at New England Landmark Realty, your expert guide to Vermont's real estate scene. Discover personalized market reports, connect with our superior team of local Agents and Brokers, and access valuable resources for buyers and sellers. Delve into Tony's bio and kickstart your real estate journey today with New England Landmark Realty. Find his team at VTMove.com or call 802-253-4711 for personalized service and expert guidance.