I Just Checked the Experts at Realty Times About Our Market....Could You Be Any More WRONG?

By
Real Estate Broker/Owner with Don Sabinske, Sabinske & Associates Inc. 539MN

Realty Times has our market listed as a Buyer's Market today.   Let me tell you that is not the case.  Short sales, foreclosures, regular sales, if they are priced correctly are getting multiple offers above list. 

Yes, you read that correctly....MULTIPLE OFFERS above list.  How do I know this?   By being both a listing agent and selling agent, I have the bird's eye view of what is out there. 

I know that if a property has good bones, has a decent price and is in a fair area of Sherburne County, it will sell quickly. 

That is the key....correct pricing to put the seller in the cat-bird seat. 

But, we don't need the "experts" to put it out there that it is still a buyer's market because it most certainly is not.  At least not anymore. 

And, with interest rates rising, buyers need to move....and move quickly to get that home that they want NOW.

At least that is how I see it on this 17th day of April.  Don't say I didn't warn you that sometimes the "experts" can see their hands in front of their faces....

 

Posted by

Moving in Excellence!

Don Sabinske, Broker, GRI

www.donsabinske.com

Sabinske & Associates Inc.

763-350-7960

Specializing in Sherburne, Wright, Anoka and Hennepin Counties...We can help you move!

 

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Ambassador
1,896,111
Praful Thakkar
Keller Williams Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Don, I have always seen a major disconnect between the electonic national media who claims to be 'knowledgable' about EVERY market - and real life situation. Wish you were the represenative for your area who can tell the TRUTH about your market to Realty Times...

Apr 17, 2012 09:24 PM #21
Rainmaker
704,910
Evelyn Kennedy
Gallagher & Lindsey, Alameda, California - Alameda, CA
Alameda, Real Estate, Alameda, CA

Don:

They are reporting on old news.  Markets are continually changing and if the media source does not have the correct statistics, their information is wrong.

Apr 17, 2012 09:47 PM #22
Rainmaker
816,750
Pamela Seley, REALTOR®
West Coast Realty Division - Temecula, CA
CA BRE #01824145 Real Estate - Call 951.491.4063

Don, I guess they have to have something to write about. Best to find a local agent who is knowledgeable about their market.  Good that you pointed this out, 

Apr 17, 2012 11:30 PM #24
Ambassador
1,687,093
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Its definitely a seller market in my area. .if priced correctly

Apr 18, 2012 03:27 AM #25
Rainmaker
801,970
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota Real Estate Expert

I have been in a multiple offer situation at least on the last 12 offers I have wrote, and they are all but one above list price, some way above list price.  There is almost nothing left for buyers in the lower price range. Definately not a buyers market in this area.

Apr 18, 2012 03:54 AM #26
Rainer
277,127
Kathryn Maguire
GreatNorfolkHomes.com (757) 560-0881 - Chesapeake, VA
Serving Chesapeake, Norfolk, VA Beach

In my area, it depends on the neigborhood and the price point. You can't say the whole area is a buyer OR a seller's market. That is way oversimplified!

Apr 18, 2012 04:05 AM #27
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

As Kathyrn put it, real estate is local.  And those "experts" are ridiculous! 

Apr 18, 2012 04:58 AM #28
Rainmaker
251,449
Vanessa Saunders MBA MIMC CIPS FIABCI
Global Property Systems Real Estate - Nyack, NY
From Manhattan to the Catskills of New York

Yes Don, we too have areas where inventory is low and demand is high. I know several brokers reporting the same results for their territory. 

Apr 18, 2012 04:59 AM #29
Rainmaker
1,384,182
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

DON I completely agree. It is the same thing here in Nh as the number of homes listed is way  down and the amount of sales iw way up. We often experience multiple offers within days of all new listings that are priced at or just below market value. You have to remember the media are the same "experts" who took 2 years to report there was a problme after we were already experiencing and living it so there is no doubt they will be 1-2 years behond on declaring the home market is in strong recovery.

Apr 18, 2012 05:18 AM #30
Ambassador
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Amanda and Jared Christiansen
Malcom & Schlueter, Realtors (260)704-0843 - Fort Wayne, IN
F.C. Tucker/Malcom & Schlueter, Realtors

Sounds like a great market to be in.  Congrats on the success and here's to a great 2012!!                              

Apr 18, 2012 05:44 AM #31
Rainmaker
1,457,670
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
PasadenaCA Real Estate Representation 818.516.4393

Don -- it seems anyone can call himself/herself an expert --- saying it is so doesn't  make it true.  Congrats on the feature -well deserved.   

Apr 18, 2012 06:02 AM #32
Rainmaker
1,563,205
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA

Better footing will be found I believe after the elections for both buyer and sellers alike...including the banks too

Apr 18, 2012 07:38 AM #33
Rainer
265,379
Donald Reich
Prudential Centennial - New Rochelle, NY

Buyer's market or sellers market . . . . it's irrelevant. Price a home right and it will sell. REALLY price it right, and you will get multiple offers. Overprice a home, and it won't sell. It's that simple!

Apr 18, 2012 07:56 AM #34
Rainmaker
319,650
Randi Brammer
Randi Brammer, Acctg. - Hinckley, MN
Accountant & Tax Preparer

It is sites like these that have hurt the industry and home ownership in general.

Apr 18, 2012 09:32 AM #35
Ambassador
1,958,769
Barbara-Jo Roberts Berberi, MA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

The market has picked up, inventory is reduced drastically and down in Florida we are indeed seeing prices starting to go UP.......would love to work referrals with you!!!!

Apr 18, 2012 02:54 PM #36
Rainer
307,249
Jennifer Chiongbian
Specializing in all types of Manhattan apts & townhouses - Manhattan, NY
Real Estate Broker - NYC

Congratulations on the feature!  Simple to the point and what buyers need to know NOW!

Apr 18, 2012 03:42 PM #37
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1,999,818
Judi K Barrett
Judi Barrett~Integrity Real Estate Services~Idabel, Oklahoma - Idabel, OK
Broker/Owner, Integrity Real Estate Services -IDAB

Don, just popped back in to check to see what you've been writing about..  

Apr 18, 2012 06:57 PM #38
Rainmaker
721,461
Amanda S. Davidson
Living A Dream Real Estate - Alexandria, VA
Your Northern Virginia Realtor

Don- The "experts" are  wrong a whole lot more than they're right. I think it's sinking in with buyer's here - it takes that one lost property because they didn't write a strong offer and then they get with it...well...at least most do. Congrats on your feature!

Apr 19, 2012 12:55 PM #39
Ambassador
1,958,769
Barbara-Jo Roberts Berberi, MA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

The experts are actually the Realtors that deal with selling homes on a daily basis!

Apr 23, 2012 07:41 AM #40
Rainmaker
599,478
Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Don - The only ones in the real estate industry who should be allowed to be called an experty should be working Realtors.  By working, I mean a Realtor who is actively selling property.  Someone who hasn't sold anything in years and spends their time lecturing to working Realtors on how to be successful has no business being called an expert.  JMHO

May 01, 2012 07:45 PM #41
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Rainmaker
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Don Sabinske

Sabinske & Associates Inc.
Relocating to Sherburne County? Call me!
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