Greetings! This month we want to kick off our newsletter with a big thank you to all who participated in our Find Your Agent contest! The winner of $250 was Michelle Fenoff of St Johnsbury, congratulations Michelle! The remaining prizes went to Cindy Santaw-Brown, Kerri Fillion and Andrea Day. We hope everyone had as much fun searching for us as we did running the contest. The even more exciting news around here is that the spring real estate market is hot, hot, hot! Properties are being snatched up left and right and now is a great time to list if you've been on the fence. For prospective buyers, acting quickly and thinking outside the box can help your quest. Last month we talked about hidden potential, this time we'll discuss the idea of putting your money to work in a commercial property!
The NAR (National Association of Realtors®) reported that in the last quarter of 2020, the commercial real estate market was continuing to recover but remained below the levels from a year prior. All predictions aside, this may be a great time to invest while prices and inventory are relatively stable.
The verdict is still out on whether work from home measures taken during the pandemic will stick around for the long term, but in the short term the need for office space has decreased and there are opportunities for creative thinkers and planners to invest in conveniently located commercial spaces that could be repurposed in the retail, service industry or something completely different!
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