buyers market: Is The Market Causing People To Stay Put? - 03/14/11 12:28 PM
The definition of a buyer's market is when the supply outweighs the demand. Simply put, more product on the market and less people to buy it means that the prices drop in an effort for the sellers to move their inventories.This holds true with the real estate market too. More houses and less buyers means that sellers are forced to drop prices in order to sell their homes. Anyone who has read a newspaper (or logged on to the internet) knows that we are currently in a buyer's real estate market. What they may not know is that inventories are down.
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buyers market: You Are Pre Approved for $350,000. Why are you wanting to see $500k listings? Vancouver Wa Real Estate - 05/24/10 08:59 PM
You Are Pre Approved for $350,000. Why are you wanting to see $500k listings? Vancouver Wa Real EstateHow many of you have been through this:You are excited. You just got off the phone with your lender and he is emailing you a pre approval letter that says that he will finance your new Vancouver Washington home for a purchase of up to $350,000.How awesome is that? The media is saying that this is a great time to buy. Rates are low. The inventory is high. This is a strong buyer's market. Right?You jump on the internet and type in http://www.elite-mls.com/ … (4 comments)
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buyers market: Full Contact Real Estate - Vancouver Washington Real Estate - 05/12/10 06:53 PM
Full Contact Real Estate - Vancouver Washington Real EstateRemember the good ol' days of real estate? Write an offer and get it signed around in a day or two, perform an inspection and get repairs negotiated in a day or two, and then stand by until it is time to close? The times are changing.I have noticed an interesting trend in our real estate market. It seems as though it is a daily fight to keep deals together. I am sure that it is caused by people's perception that we are in a severe buyer's market. Buyers routinely come in … (1 comments)
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buyers market: What Kind Of Market Is It Anyway? Buyer's? Seller's? Vancouver Wa Real Estate - 02/02/10 11:05 PM
What Kind Of Market Is It Anyway? Buyer's? Seller's?In the past few weeks, I have noticed an interesting trend starting to develop. Multiple offers! I have some buyers who are trying to buy homes in the $200k and lower range and we have been encountering some serious competition. Aren't we in a buyer's market?The simple answer is "Yes and No." Not so simple, is it?Certain price ranges are definitely in a buyer's market while others are transitioning to a more even market. The buyers who are able to see this trend will do very well for themselves. The ones who don't? … (6 comments)
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buyers market: Even the Experts are Buying Homes - 01/16/10 11:53 AM
One of my blogging buddies, Gabe Sanders in Stuart Florida, wrote this outstanding post about buying a home in our current market. The information here is so good that I wanted to share it with you.
Mark Hall
Vancouver Washington Real Estate
Via Gabe Sanders, Stuart Florida Real Estate (Premier Realty Group):
Home prices have hit bottom in most areas of the country, but they're not like a rubber ball. Sellers can't expect much of a bounce.
At the Center for Economic Policy Research, in Washington D.C., analysts are predicting that the pricing arrow is pointing up, but not very … (3 comments)
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buyers market: Buyers, Sellers, And Realtors - The Market is what you make it! - 01/13/10 09:25 PM
Buyers, Sellers, And Realtors - The Market is what you make it!As a real estate agent here in Vancouver Washington, I often get asked what I think of the market. My answer is always the same:
"It Depends. are you asking as a buyer? A seller? A real estate agent?"Buyers - Now is a great time to buy. Low mortgage rate in conjunction with high inventories of homes have turned into a great environment for buyers to get good deals. If your are a first time home buyer, then you qualify for up to an $8000 tax credit, which make it … (6 comments)
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buyers market: Buyers, Where Is The Urgency? Vancouver WA Real Estate - 01/08/10 06:29 PM
Buyers, Where Is The Urgency? Vancouver WA Real EstateWe are currently in one of the best buyers real estate market in recent history. A buyer in our current Vancouver WA real estate market cannot go wrong. So why are so many buyers sitting on the fence? The reasons are numerous but there is a myth floating around that will cause many buyers to miss their opportunity to take advantage of this awesome opportunity.
The myth is that they can get the best deal by timing the market. With so many homes on the market and so few buyers, some people … (0 comments)
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buyers market: A Buyers Market Part 2 - What does it mean for SELLERS? Vancouver WA Real Estate Market - 01/07/10 11:08 PM
A Buyers Market Part 2 - What does it mean for SELLERS? Vancouver WA Real Estate Market
This is a "Part 2" so, the must be a part one. Right?" Sure there is, go here to read it.I shouldn't even be posting this blog because I am giving away some very key negotiating points to anyone who cares to read about it.
A buyer's market by definition, means that the supply outweighs the demand. In the simplest terms it means that the buyer has an advantage in negotiations because they have more choices of homes to buy (in real estate … (2 comments)
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buyers market: A Buyer's Market Part 1 - What does that mean for BUYERS? - 01/06/10 10:12 PM
A Buyer's Market Part 1 - What does that mean for BUYERS?
A buyer's market is just that, "A Buyer's Market." But what does that mean? What does it mean to anyone other than a real estate agent? What does it mean to the buyer?
Economists will gladly tell you that there are no "Buyer's Markets" and there are no "Seller's Markets." There are just "Markets." While technically true, someone always has the advantage in every market. In a buyer's market, the buyers have the advantage.
In a buyer's market, the supply outweighs the demand. Think of it like this: everyone … (4 comments)
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buyers market: $8000 First Time Home Buyer's Tax Credit - Vancouver WA Real Estate - 01/01/10 12:13 PM
$8000 First Time Home Buyer's Tax CreditAs the new year arrives, it should be noted that time is running out to qualify for the $8000 First Time Home Buyers Tax Credit.WHAT?! Isn't for the $8000 First Time Home Buyers Tax Credit good all the way into April 2010? Yes it is, but let me tell you what happened as we approached the first deadline for the $8000 First Time Home Buyers Tax Credit.As we approached the deadline, several things began to happen which made it difficult for people to get a home that they love and to qualify for the tax … (1 comments)
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buyers market: Homes For Sale in Clark County WA Under $200,000 - 10/24/09 01:21 PM
Homes For Sale in Clark County WA Under $200,000Can you believe that there are homes for sale in Clark County WA under $200,000? Just 2 short years ago it was impossible to find anything in Clark County that fit into that price range.I know what you might be thinking. You are wondering if these are homes for sale in Clark County WA under $200,000 or if they are condos, townhomes, houseboats, or trailers. Good question!Although they are all homes for sale in Clark County WA under $200,000 here is a breakdown of what I found on the MLS this morning.Total Homes … (4 comments)
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buyers market: Renters- The time is now! - 09/13/09 01:15 PM
Renters- The time is now!In the history of real estate, the time has never been better for renters to become home owners than it is right now. Why? These reasons quickly come to mind:1. Interest rates are some of the lowest in history. Buyers with good credit can still enjoy rates at less than 6%. When I bought my first home in 1989, I bought my rate down to 12 3/8%!2. Loans are easily attainable. YES, you heard me correctly and I said that loans are easily attainable. Despite what you have been seeing on the news, there are loans that … (0 comments)
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buyers market: If You Are Trying To Time The Bottom Of The Market, You Will End Up With The Junk! - 05/19/09 09:53 AM
If You Are Trying To Time The Bottom Of The Market, You Will End Up With The Junk!
I read an interesting article the other day in the LA Times in which a real estate investor made an interesting comment:
"If you are trying to time the bottom of the market, you will end up with the junk."
I would like to add to his comment by saying that you won't only end up with "the junk," but you will also overpay for it and not get the best mortgage rates that are available.
How can I say this with such … (4 comments)
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buyers market: First Time Home Buyers - There Ain't No Nothing Left! - 05/18/09 10:40 AM
First Time Home Buyers - There Ain't No Nothing Left!We picked up a new client this weekend who came to us out of sheer frustration. He had been searching for a new home in Vancouver Washington via the internet for the past several months. He had been finding homes here and there that peaked his interest. He said that in the past 2 weeks it seemed like the homes in his price range (up to $190,000) had just dried up. Laughing, he said in a fake hick twang, "There ain't no nothing left!"I assured him that we would find him something … (7 comments)
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buyers market: Are Bank Owned Homes Stalling Our Real Estate Market? - 04/22/09 11:44 AM
Are Bank Owned Homes Stalling Our Real Estate Market?The natural progression of the real estate market is driven by something called the "Trickle Up" theory. Most home sellers transform into home buyers after their home sells. This is what causes the real estate market to move in waves starting with lower priced and rolling towards the higher priced ones. A couple sells their first home and then upgrades to a larger one. That purchase allows the seller of the larger one to move up to the next level and so on up the line. Thus "Trickle Up.".But what happens when the … (10 comments)
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buyers market: First Time Home Buyers - You Might Lose Your $8000 Tax Credit! - 04/15/09 02:20 PM
First Time Home Buyers - You Might Lose Your $8000 Tax Credit!
As Americans, we are notorious for procrastination. We have been procrastinators since our forefathers came across the pond and settled our country. Heck, If we weren't procrastinators, we may have arrived 100 years earlier! Mark Twain knew it when he penned his famous quote in 1927:"Do not put off until tomorrow what can be put off till day-after-tomorrow just as well."Keeping that in mind, Don't put off buying your first home until later because you may miss out on your $8000 tax credit from the federal government. The tax … (2 comments)
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buyers market: 9 1/2 Mistakes To Avoid When Buying Your First Home! Caution- Just One Of These Mistakes Could Cost You Thousands Of Dollars! - 04/09/09 09:22 AM
9 1/2 Mistakes To Avoid When Buying Your First Home! Caution- Just One Of These Mistakes Could Cost You Thousands Of Dollars!1. Not knowing how much house you can afford.
So many first time home buyers spend most of their time researching homes, comparing kitchen layouts, and measuring out the back yard. Unfortunately, they spend very little time researching their financing options. One of the first things that buyers should do is consult a qualified mortgage broker. Without knowing how much house you can finance, you waste a lot of time looking at homes that are out of your range and … (2 comments)
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buyers market: First Time Home Buyers, How Would You Like To Have The Seller Pay Your Interest Payments For The First 6 Months? - 04/07/09 03:45 PM
First Time Home Buyers, How Would You Like To Have The Seller Pay Your Interest Payments For The First 6 Months?There is a little known loan program available in which the seller can set money aside to pay the interest portion of your FHA mortgage payment for up to 6 months. It is called a mortgage abatement program and the lender on our team can easily set you up for this awesome benefit.Our test case showed that a buyer with a loan of $150,000 at 5% interest, would save approx. $600 per month for the first 6 months. As a first … (1 comments)
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buyers market: First Time Home Buyers! Gorgeous Royal Ridge Home - 04/07/09 03:34 PM
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buyers market: How To Recession Proof Your Home Purchase - 04/06/09 08:28 PM
How To Recession Proof Your Home PurchaseAlmost every day a buyer asks me if it is a good time to buy a new Vancouver Washington home. Everyone is concerned about making the right choice and they feel that timing the market is a big part of that. My answer never waivers:"It is always a good time to buy as long as you are buying for the right reasons. People who bought for the wrong reasons are a huge part of the reason for the recession that we are currently experiencing. Their only motive was profit and they bought homes that they … (2 comments)
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