Home > Blogs > Norma Toering Broker for Palos Verdes and Beach Cities > Palos Verdes Homes Blog by Norma Toering 310-493-8333

Are They Buying What You're Selling?

By Norma Toering Broker for Palos Verdes and Beach Cities

Real Estate Broker/Owner with Charlemagne International Properties BRE# 01147470

May 29, 2009 04:27 AM

The June 2009 real estate scene is still no summer picnic, but sellers are more realistic with their expectations and prices. One battle won! After maneuvering this market for a couple years prospective homeowners now know a buyer's market does not mean sellers are giving property away; it does mean there are buying opportunities not present a few years ago. In short, buyers and sellers are moving closer together.

A short bridge is easier to build than a long one; it takes less time and energy too. I've seen the battle fatigue in sellers, buyers and agents (present company included). I've seen, and presented, offers with such a large money gap the chances of the offers being accepted were about the same as me swimming the English Channel. Not a chance that is happening, and those words, or similar ones, were heard in response to many offers written by earnest but unrealistic buyers. I believe buyers get it now, and I'll celebrate that success.

Sellers were slow to adapt to the real estate price slide, but most have adjusted, if not embraced it, and accepted the reality of today's market. Another cause for celebration! A market thrives when sellers are offering a desirable commodity at a price that is attractive enough to make a buyer want to part with his money. That is business at work whether it is taking place at a flea market, in a corporate boardroom or a seller's living room.

I am optimistic about the second half of 2009; working in a realistic marketplace is something I look forward to with great anticipation.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Palos Verdes Homes for Sale Blog - Palos Verdes Property Website
Palos Verdes Houses for Sale Search - More information on Palos Verdes

Subscribe via ActiveRain - Subscribe via Email - Start your own blog on activerain!

Rancho Palos Verdes Horse Property Blog - View Homes for Sale in Palos Verdes Estates Blog -
Palos Verdes Neighborhood Market Reports - Moving to Palos Verdes -
Needles RV Park, Motel and Land for Sale - Coachella Valley Equestrian Luxury Estate Lots for Sale

Re-Blog

Comments(6)

Comment

Show All Comments

Sort:

June Piper-Brandon

Coldwell Banker Realty - Columbia, MD

Creating Generational Wealth Through Homeownership

I am finding buyers to be more cautious now that in the past, however, buyers and sellers are moving closer together on their expectations. But, buyers need to get off the fence and buy or the opportunities will pass them by.

May 29, 2009 04:56 AM

Norma Toering Broker for Palos Verdes and Beach Cities

Charlemagne International Properties - Rancho Palos Verdes, CA

Palos Verdes Luxury Homes in L.A.

June - Moving expectations closer is bridging the gap, and that's a good thing for the real estate market.

May 29, 2009 05:11 AM

GLENN LEACH

Mortgage - Puyallup, WA

I am busier than I've ever been with lots of first time homebuyers. I've really seen more of a spirit of cooperation between agents during transactions than I have in the past. Much more - let's work together to get this done vs. confrontation. I like it very much and I too am optimistic for the rest of the year. I just hope I can keep up!

May 29, 2009 05:17 AM

Ronnie Margolis

KW Kauai - Kapaa, HI

Kauai Realtor - CDPE, ABR, RA - On Top of the Aloh

I find the gap between buyers and sellers is narrowing here too and that many more buyers continue to get off the fence realizing it is a good time to buy. When buyer who currently has some offers floating around realized that when the bond market had its big sell off earlier in the week, he would have actually saved more money had he agree to the seller's price in the countering process and yet locked in at lower rates in 4's. Timing is still everything ain't it?

May 29, 2009 06:37 AM

Glenn - Cooperation is key to accomplishing our common end goal.

May 29, 2009 07:29 AM

Ronnie - Yes, those rate hikes can erode dollars saved on the price in a hurry.

May 29, 2009 07:33 AM

Are They Buying What You're Selling?

Comments(6)

Norma Toering Broker for Palos Verdes and Beach Cities

Service Areas

Real Estate Resources

Recent Posts

Additional Information