Real Estate: Buyer's Market… Seller's Nightmare?
Sunday, January 11th, 2009Real Estate: Buyer’s Market… Seller’s Nightmare?
Well, depending on the area you live, you’re most likely experiencing a real estate buyer’s market. Skiff We commonly utilize this term when certain things happen in the real estate and financial world. When interest rates rise, speculative buying slows, investors start selling and people in general start cashing in on the equity they have built in their homes for the past 5 or more years, inventory rises, buying slows and voila!…a buyer’s market.
For you sellers out there, I hope to enlighten you on what drives the sale of your home in a buyer’s market, what you should expect from your Realtor in such a market and what you shouldn’t expect from your Realtor.
Just to set the record straight…I am not sticking up for Realtors just because I am one. Quite frankly, and as you might have read in previous articles I’ve written, I feel Realtors in general should be more educated and have more general business experience to better protect their clients real estate assets. I also feel they need a better understanding of contracts and how to write and negotiate better terms for their clients. Let’s face it…the goal for everyone involved in a real estate transaction (buyer, seller, Realtor(s), lender, title company/attorney, etc.) is to CLOSE THE TRANSACTION.
First of all…EVERYONE needs to communicate better and stop CYA (covering your you know what) if an issue presents itself. We’ve ARISTON CISPF 640 E all heard there is strength in numbers. So, why not act and work as a team? Yes, buyers, sellers and everyone else involved fail the transaction more times than not causing a delayed closing or worse…no closing at all.
So, what is driving real estate in a buyer’s market? It’s simple. EXPOSURE, LOCATION and PRICE!
EXPOSURE
With literally thousands and thousands of homes on the market in most areas, competition is stiff. As a seller, what are you going to do in this buyer’s market to ensure your house is the very next home that sells in your market? Well, you can start by hiring a Realtor. Why? Realtors have access to Electrolux EW
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