Special offer

Hmmmmmm

By
Real Estate Agent with Encore Realty
    I was sitting at home thinking last night when something hit me.  Why is it that more business is had when it is a sellers market?  Think about this:  If you sell your home in a sellers market for 300k and buy another one for 350k, the difference is 50k.  If you sell your home in a buyers market for 250k and buy another one for 300k, the difference is still 50k.  What I am saying is this, if you sell high and buy high, isn't that the same as selling low and buying low?  So why is it that people view things much more negative when the market shifts from a sellers to buyers market?  People seem to be more worried about selling a home than buying a new one.  Maybe I am just behind on the concept, but it doesn't make much sense to me.  As long as you can sell your home for what is fair market value at the time and buy a home that is of fair market value at the time, everything should be fine.  I guess I am trying to figure out how to get people to make a decision just like the rest of you.  Enjoy your day.
Nancy Moeller
Seven Gables Real Estate - Anaheim Hills, CA
Yes, unless you are leaving or entering the market, you are buying/selling in the same market. In fact, it's great to sell in a buyers market because you can lock into a lower tax base in your next "step up" home. Great post!
Nov 15, 2007 05:09 AM
Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes
You are right on. But we are dealing with people's perceptions.
Nov 15, 2007 05:09 AM
Jennifer Esposito
JenRan Realty, LLC - Woodstock, CT
Correct, but people got so caught up in 'getting rich' by selling a few years back they still want to sell high even though the market won't support it.  
Nov 15, 2007 05:45 AM