Do you understand why our market is where it is?  Do the Sellers??  I attended a workshop yesterday and really enjoyed these 5 points:

• ARMS have begun to adjust. People can't afford the higher adjusted mortgage payments and are now putting their homes up for sale.
• Over the last two years, National Association Of Realtors states that 40% of all home sales were to investors.  Now, they are trying to sell their vacant homes that they haven't been able to flip or rent.
• New home builders. Once they begin development, they have to finish and build it out. They are offering huge price incentives, trips, cars, cash, etc. How can a resale seller compete against the deep pockets of a builder?
• Bank owned REO's notice of defaults and short sales are all on the rise!
• Normal sellers, that have to sell.

We are no longer in a changing market.  It is CHANGED!