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....

 

Don Sabinske, Broker, GRI

www.donsabinske.com

Sabinske & Associates Inc.

763-350-7960

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

20 Most Recent Comments Displayed Show All

APR
17
2012
882,304 Points 10 Featured Posts Attended Rain Camp Called Shot Master

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...
9:24pm • #21
548,816 Points 9 Featured Posts Outside Blog Called Shot Master

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.
9:47pm • #22
466,570 Points 50 Featured Posts Called Shot Master

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, 
11:30pm • #24
APR
18
2012
1,423,603 Points 41 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Its definitely a seller market in my area. .if priced correctly
3:27am • #25
653,568 Points 9 Featured Posts Outside Blog Called Shot Master

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.
3:54am • #26
275,890 Points 17 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

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!
4:05am • #27
698,000 Points 15 Featured Posts Outside Blog Called Shot Master

As Kathyrn put it, real estate is local.  And those "experts" are ridiculous! 
4:58am • #28
184,317 Points 6 Featured Posts Hit Router Attended Rain Camp

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. 
4:59am • #29
707,019 Points 56 Featured Posts Outside Blog Called Shot Master

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.
5:18am • #30
653,948 Points 70 Featured Posts Outside Blog Called Shot Master

Sounds like a great market to be in.  Congrats on the success and here's to a great 2012!!                              
5:44am • #31
591,715 Points 58 Featured Posts Outside Blog Called Shot Master

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.   
6:02am • #32
840,483 Points 69 Featured Posts Outside Blog Called Shot Master

Better footing will be found I believe after the elections for both buyer and sellers alike...including the banks too
7:38am • #33
197,761 Points 2 Featured Posts Called Shot Master

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!
7:56am • #34
236,472 Points 1 Featured Post Called Shot Master

It is sites like these that have hurt the industry and home ownership in general.
9:32am • #35
1,347,750 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

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!!!!
2:54pm • #36
306,123 Points 6 Featured Posts

Congratulations on the feature!  Simple to the point and what buyers need to know NOW!
3:42pm • #37
1,653,168 Points 134 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Don, just popped back in to check to see what you've been writing about..  
6:57pm • #38
APR
19
2012
255,953 Points 9 Featured Posts Outside Blog Called Shot Master

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!
12:55pm • #39
APR
23
2012
1,347,750 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

The experts are actually the Realtors that deal with selling homes on a daily basis!
7:41am • #40
MAY
01
2012
596,136 Points 70 Featured Posts Outside Blog Called Shot Master

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
7:45pm • #41

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