This market is one of the strangest markets for me! I long for the days of when we had abundance of buyers and listings sold quickly. Well, I am grateful that I still have an abundance of buyers, however I have never had the same buyers for soooooooooooo long. I write offer after offer. Good clean offers for $30,000.00 over the price and always get beat out by someone who has cash or is going conventional. My clients are FHA and do need help with their closing costs.
One of the most common questions that I get asked, "What do you think this house will be worth in the future?" I tell my clients that unfortunately there is no crystal ball and that I have been informed that in 2014 prices will be at their peak again. Not the same as they were, but still a lot more than they are now. So, with the great prices and low interest rates now is the best to time to buy. As a Realtor I have to pre warn my clients and let them know that it will take time to get them in contract. I have come up with many strategies, at first I decided to stay away from short sales (because as we know that just involves time). Then I decided to show short sales, letting my clients know that not every agent wants to deal with them. To my surprise there is still is too many other buyers competing for these homes. And some short sale agents seem not to know what to really do to get a response from the bank. Then I think I'll try to go for listings in the neighborhoods my clients want. Well, that plan has not worked out because most of the listings are REO and the banks already have the REO agents. So I need your strategies that are working for you, besides finding buyers that are cash and conventional. Please help a fellow agent and friend!
Sincerely, Christine Lopez Realtor Clopez@c21mm.com
Comments(1)