Once every couple years we have amazing markets and this has been a great year for the Sellers in the Main Line and surrounding areas. Right from the early spring homes in decent condition were being sold in a day. It was amazing to see and very exciting for all. Homeowners were thrilled because the homes were going for over asking with multiple offers. Sellers and Agents were having the unbelievable problem of trying to choose the right buyer. Who had the best financials, who was going to pull their contingencies, it was every Sellers dream. However there was a downside to all
of this excitement the deadly appraisals could wipe out your gains in a flash. Still the majority of the homes still increased in value which will be great for the next round of appraisals. In case your not following me the appraisal value is very important to the mortgage company and if the appraiser cannot find homes with similar value the home price needs to be renegotiated leaving the Seller a little worse for wear and the Buyer is more than relieved. The cause of this market a lack of homes for sale in the area. Hopefully this trend will continue but probably not as I am being told by the market forecasters. It was certainly fun for me and I know my Sellers were happy and that is all that counts as the Mainline Realtor
