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Blog entries tagged with "buyers market":
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A home properly priced and marketed will sell and it does matter if its a buyer's market or a seller's market -- right now, in most places in the US, it is a buyer's market which means, plenty of great homes to choose from.
From time to time I read stories about difficulties with buyers. Either it is their behavior while looking at homes, or it is how they treat a Realtor, or they simply don't do their part supplying information required to close a deal. Whatever it is, frustration and embarrassment can result. We … (2 comments)
The National Association of Realtors has come out with their latest report on the current state of the real estate market this week and it looks like over all, nationally, we are now in a definite Buyers' Market. There is a wide selection of homes available on the market in many … (0 comments)
We are always looking for new ideas to bring prospects and buyers to our open houses. I know we try creative ways to market the home and get top dollar for our sellers. I was thinking of something that could work but not sure if it is something that would be … (7 comments)
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I sat down last night after attending the Blog Tour, Alum Creek Dog Park, North Market Wine Festival and started to write this post. I awoke at 6:20 this morning to a kiss from Sadie Lynn and knew that I had missed the deadline for the Carnival of Content. However, I figured … (8 comments)
While considering the prospect of marketing your home, you know doubt have had several conversations. Some of these conversations with lay people and others with real estate professionals. During some of these conversations if not all, you may have heard the proverbial term "It's a Buyer's Market". The question that begs to … (7 comments)
Go to Requested Information … (0 comments)
It's the end of the world as we know it! Honestly! To listen to media outside of the real estate industry, the housing "bubble" is about to burst and foreclosures are at an epidemic rate. News like this would make it seem like this is the first time we have … (14 comments)
Do you show homes to total strangers?Just wondering? Have you ever set up a showing on another REALTORS© listing without ever meeting the buyer? Let's say they called you from your IDX website. Perhaps they called off one of your office's listing. Let's say that you felt the phone call went … (12 comments)
...we are in a buyer's market. By the law of supply and demand, we are in a buyer's market. There is more inventory than ready, willing and able buyers in the market. BUT it also depends WHERE you are. Each community and each neighborhood is different. Each has their own feel … (1 comments)
I am working with a client in Northern Virginia who has recently moved here from out of state. She is in a great position to buy, but has a very specific idea of the type of home she would like, the area in which she would like to live, and the … (1 comments)
I wanted to share this article I read (and replied to via e-mail) in our Local Community Monthly Newspaper "The Bright Side" written by Laura Ann Hart of RE/MAX Unlimited, entitled "Appraisal Gone Bad...."This month, I would like to share with you a story about one of my real estate transactions. Earlier this year I … (3 comments)
While getting my haircut a few months ago, there was a conversation going on a few chairs over between a stylist and client about a home for sale. My stylist leaned over and asked, "Ears burning?"Funny, how Realtors' ears do pick up conversations regarding real estate. No, there is not a … (24 comments)
In A buyers market, there are two key ingredients to getting your property to move. The first is proper pricing, which I discuss in a different blog entry. The second is proper condition.There are basically two markets here, the new construction market and the re-sale market. For this entry, I'm only … (2 comments)
In today's market, what can you do to stand out from the crowd and make your offer irresistible to a seller? The biggest fears many sellers have today stem from the media circus surrounding the real estate market. Specifically, sellers are worried that:1. My property will sit unsold for months and … (0 comments)
Does it really matter in the grand scheme if it's a buyer's market or a seller's market?Real estate doesn't go away. People tend to buy and tend to sell when they see fit. Other than an INVESTOR, I don't know anyone that watches Real Estate cycles over 30 years to optimize … (12 comments)
As you are probably aware, the real estate market has changed. However, it's nothing to be puzzled about. It's a basic lesson in Economics, the demand is low with fewer buyers looking for homes, and the supply is high with an influx in inventory. The approaching spring time is going to … (0 comments)
BUYER'S MARKET!! Don't you think this is the best time right now to purchase a home whether it is the first time or not.? There are so many homes out there now that you can get the choice of what you want at a good price. If you are looking to … (15 comments)
There's a new article in Newsweek about the advantages of using an Exclusive Buyer Agent - as opposed to a "Buyer Agent." The article references - "If there isn't one in your neighborhood, you can use a selling agent as a buyer agent, but do some screening." I'd have to agree … (26 comments)
As of July 6, 2007 16% of available listings in Sonoma are in escrow, indicating a Buyer's Market. HELLO BUYERS! We want YOU in SONOMA!For the month of June 2007, 45 homes sold in Sonoma for an average final selling price of $879,116. The average original asking price of these homes was … (0 comments)
With all the talk of buyers markets, real estate bubbles, softening real estate markets, declining real estate prices, buyer incentives, price reductions and the rest...are you seeing any real great deals in your markets? What I am seeing is buyer incentives, increased commissions, and price reductions on properties I know are … (8 comments)
The normalization of the real estate market has brought with it the problems inherent within that market. The abnormal market that we have been experiencing over the last five years practically eliminated one of the most obvious ones, namely foreclosures. As more and more attention is paid to the increasing … (0 comments)
Many of today's buyers are mesmerized by the number of homes on the market. Its good advice to hear...don't be paralyzed by the market, if you find a winner, set the hook! I recently had a couple buy a beautiful home in Lynnhurst Neighborhood of Minneapolis. These folks had run through … (2 comments)
It started several months ago, builders began offering incentives to new home buyers. Upgraded appliance packages are becoming the norm in mid priced homes. I've seen several offerings of 42 inch Flat Screen televisions included with the new home. Builders are offering to pay higher amounts of the closing costs involved in the transactions. … (4 comments)
Glendale, the Jewel City, is really getting a buffing. Like neighboring cities, Glendale is following the trend of a more "normal" market. The question is, who can remember what "normal" is anymore. Let's examine some key statistics and see if we can separate fact from fiction.Total units sold are definitely trending … (0 comments)
It appears the home buyers are active, and so are the investors, at least in our markets of Rhode Island & Southeastern Massachusetts. For every 5 houses shown by our buyers agents, at least 1 is bank owned! While purchasing a bank owned property can be tedious, some of the deals … (0 comments)
This morning I started the day like I always do, reading a little news online. Money.com had an article about home sales. Basically it's summed up right here:"Existing home sales are likely to see more declines in coming months as a key reading of pending deals fell to nearly a six-year … (3 comments)
I have been having the same conversation with many people almost daily. The same question comes up over and over again - "Should I buy now or will the prices still keep going down?" Yeah maybe. Who knows? Maybe your crystal ball is more clear than mine is. All I can say is … (0 comments)
I am a Realtor in the Upstate of South Carolina and we have just now gotten a Kiosk at the Haywood Mall in Greenville. Since they were offering the first month free (June), I filled up a whole panel with 18 listings. I didn't get one phone call from the Kiosk, … (8 comments)
From now until at least the end of 2007, the New Orleans Metropolitan area is in what real estate professionals call a "Buyers' Market". This means, there are more houses than there are buyers. The law of supply and demand tells us that when there is too much supply, there is … (1 comments)
We are lucky here in the Memphis, TN, area to be in a relatively flat market. It is unlikely that we will see real estate business drop off the 30, 40% that we hear about in other markets; however, we ARE in a buyer's market. As inventory increases, home sellers seem … (0 comments)
The news about the real estate market is not that great. But on the flip side mortgage rates are still conducive for buying. People with marginal credit can no longer obtain 100% financing or loans which were sometimes considered predatory. The good news is there are programs that assist the purchaser with down-payment … (0 comments)
Could you be missing a chance to be of service to your clients if you ignore the fact that this is the time to buy (Buyers Market)? Most families have some members who have not gotten into the housing market because of the high housing prices. With the correction in the … (7 comments)
Atlanta is once again in the top 20 in population growth. Seems like when all of the other states are suffering Georgia just keeps on growing. I've lived in Metro Atlanta for over 25 years and I can honestly say that if you want a job come to the Metro Atlanta area. You can't … (0 comments)
Are You Kidding Me??? Don't Get Caught up in The Monkey Business!
Have you seen prices lately...how low do you think they will go ??? I have been around the block a few times as a Realtor and have seen cycles come and go. This one has been … (16 comments)
The housing market in Ann Arbor, MI and Washtenaw County continues to show favor to buyers. Our MLS is coordinated by the different areas in Ann Arbor, (nine of them) and in Washtenaw County the MLS is coordinated by school districts.
That's correct I have team up with a local St Augustine lender with a pool of money ready and able for bridge loans to make your dreams come true.Purchase that new dream home nowno payments for up to 24 months on existing home (based on program and LTV)Take advantage of todays buyers … (0 comments)
Right now, it’s a buyer’s market. Buyers have lots of properties to choose from and sellers are looking for a way to stand out. It’s not a surprise that more sellers are turning to auctions for help. Yesterday I attended a live auction in St. Louis, MO in which 6 properties … (1 comments)
Call me a little strange, but I think the current reduction in prices is a wonderful way to introduce first time home-buyers back into the Housing Market. Having lived through 16% interest, housing price rises and falls, market gains and losses, lowest interest rates in modern history, and now the "adjustment". I … (9 comments)
Tampa,Fl June 20,2007.I'm writing this blog post to ask other agents if they have started running into the same problem when they are working with buyers looking for homes in the Northwest part of the Tampa Bay area priced in the $500,000 to $1,000,000 price range. With all the bad press reports and … (0 comments)
April home sales where above March sales, by what I have read and my own business activity. The Central Ohio market is picking up stream, buyer's are looking, they are seriously looking, because of low interest rates and they feel secure overall and are enjoying the high inventory of homes for … (0 comments)
I know it's a buyers market but it's not an insane market. 
Homebuyers like viewing virtual tours because they help narrow down choices. They naturally gravitate online to view them and many begin their search at www.realtor.com, because it's the National Association of Realtor's public site.
Recently, I'm hearing more and more trainers use the term, "absorption rate." I had always heard developers use this term to figure out if a certain development might be profitable in a certain area, but really never looked it up.This term is used to let you know how long it takes … (4 comments)
Friday, June 8, 2007 
The market is definitely in the buyers favor here in the Prescott tri-city area. We are seeing inventory go up and up and prices keep falling and falling. The hardest thing now is helping buyers find the right property and then convincing them when to offer. We have seen offers 15-20% … (0 comments)
As the Real Estate Market continues to change so do we!
I am not sure how many other agents out there are coming across sellers who say they are motivated, but in reality they are not as motivated as they claim to be. I seem to be getting calls left and right from people who are panic selling because they "do not want to loose … (3 comments)
Every Day I am amazed at the number of price reductions I see when I log into my local MLS. New Reductions that used to attract my attention no longer warrant as much interest. Why do sellers have to keep reducing their prices in the San Jaoquin valley? It's a changed market … (5 comments)
Friday's Salt Lake Tribune (6/1/07) ran a front page article titled: "Utah's red-hot home market may not last". If you were already confused about the current market, this headline probably didn't help. The article basically said that the Utah Real Estate market is currently the hottest in the country, but that … (4 comments)
What Will A Home Be Worth in Two Years if I buy Today?By: David Kucic, Hawaii Real Estate AgentThe Team Kucic Home Selling and Buying SystemOverwhelmingly, this is the one question that I am asked by nearly all of my buyers. Since I have many first time buyers, it is a … (9 comments)
I am a RE/MAX agent who sells homes in Southeatern Michigan. My office is in Birmingham, Michigan. This area is experiencing a very challenging declining market due to the slowdown in the automobile industry. In response, I have had extensive training in selling in a declining market and recently sold a home … (7 comments)
Even though this may be the best buyer's market in a decade, now may not be the right time for you to buy.Don't buy a house if...7. You want the landlord to fix the running toilet6. You prefer paying off someone else's mortgage5. You like having Mom do the cooking and laundry4. Job...What job?3. … (21 comments)
The answer depends on who you ask. The answer also depends on which part of world you live. At the start of 2007 the skeptics were wondering where this market was headed. It started slow, and homes that were listed stayed on the market a bit longer. The Buyer's watched, and … (0 comments)
Navigating the housing market, with Dave Jenks, Keller Williams Realty vp of research & development; Margaret Kelly, RE/MAX International CEO and CNBC's Bill Griffeth http://www.cnbc.com/id/15840232?video=341662633 … (0 comments)
Is it just me? My area in Washington, DC, MD or Virginia or is this ailment contagious and spreading everywhere?I am working with a number of Buyers who just can't make up their minds. Here's what they tell me:1. They feel like they don't want to be taken advantage of,2. They don't trust … (3 comments)
Holmdel Market Report for Residential Real Estate May 23, 2007In 2006 there were 103 real estate closings by June 30, (2006) excluding rentals and commercial properties but including condos and townhomes in Holmdel.Total transactions in 2006 excluding rentals and commercial but including condos was 186 houses that sold in Holmdel, NJ.By June … (0 comments)
STRATEGIC FINANCING WILL MAKE LISTING PRICE REDUCTIONS AN UN-NECESSARY THING OF THE PAST. THESE TWO TOOLS WORK IN CONJUNCTION WITH ONE ANOTHER AND IF YOU DON'T BELIEVE ME GIVE ME AN OPPORTUNITY TO SHOW YOU THAT THEY WORK AND YOU CAN BE THE JUDGE. WHAT DO YOU HAVE TO LOSE EXCEPT AN OPPORTUNITY … (5 comments)
So, where are the good deals? I mean, it's a buyers market right? So you'd think there would be ample opportunity to get a great deal on a foreclosure. When buying a home, usually every buyer starts out wanting to look at foreclosures. As an agent of ten years, I've … (0 comments)
Adverse economic conditions, rather than seasonal climate change, has ushered in the off-season for investment properties known as vacation rentals. Hordes of investors have gone back to real jobs, the forecast calls for cooler rates of appreciation and discount sale prices are de rigueur. For vacation home buyers with lots of … (0 comments)
The Real Estate market IS moving! We are in a Buyers market and now is the time to Buy Investment Properties! Motivated Sellers are pricing their properties low and/or are willing to negotiate all offers. Now is the time to BUY! … (3 comments)
Buying a home today, May 2007 on the Main Line and a little further west is not hard, there is an increasing inventory, and prices have stabilized since last year. However, be prepared for multiple offers, yes that is right, we have heard of many homes receiving multiple offers, so be … (5 comments)
What does a slow market mean to the real estate industry? A slow market will separate the order takers from the professionals. A slow market provides a great opportunity to prepare yourself for the inevitable hot market. If you feel that you are struggling and not flourishing in a slow market, … (6 comments)
Buying Tactics in Changing MarketsOver the last three decades, the real estate industry has seen unprecedented growth and profitability. Rates of home appreciation have been on a steady incline, resulting in many highly competitive housing markets. In many areas throughout the country, prospective homebuyers have been obliged to spend more, settle … (0 comments)
The Snohomish County market and Lake Stevens in particular has been experiencing brisk spring activity. We have been short of inventory making for a long seller's market Homes that are well priced and clean still attract multiple offers. That might be changing as over the last 6 weeks we have seen increased inventory … (0 comments)
Is your house for sale? If you live in Sacramento County, selling a house is a difficult proposition. That's why it is essential that you invest the time to check out a Realtor before hiring them with the largest asset you own. Unless you live in a tunnel, I'm sure that you … (7 comments)
The inventory or active available homes has been hovering around the 1850-1900 range now for many weeks. The buyers in the market place appear fickle with low offers being thrown out all over the board to see if some seller is truly DESPERATE. There are some motivated seller's out there and … (0 comments)
I have been at this long enough now to recognize behaviors that don't serve a buyer or a seller well. I am eager to hear from you as to what you witness and any advice you have. Here's one: A buyer who doesn't want to list their home until they find … (10 comments)
May 1, 2007 Posted by Laurie Mindnich Timing is everything in real estate. The good news is, the market will be back. The bad news is that we appear to be in an extended downswing. For those of you that are comfortable and in it for the long haul, you’ll be … (0 comments)
In the Ocala Florida Real Estate Market, We are currently experiencing a Buyer's market. A Buyer's Market is where inventory is high and there are few active qualified buyers. There are more homes listed for sale than there are buyers. Because of this, the market moves at a slower pace. The … (0 comments)