SoldThe Winchester, VA, real estate market is slowly turning from a buyer's market to a seller's market.  You can see the writing on the wall.  A good, well priced ready to sell property will not sit more than a week, and many don't last 24 hours. 

The day of the causal buyer is coming to end very quickly.  Two years ago, I had two buyers who each looked at 60 houses.  That will not happen today if buyers are actually looking to purchase a home.  A home that is ready to sell - will sell.

There are a few simple things a buyer can do to make sure he's the one who gets the house.

  • Hire an agent you can trust and give her everything she needs to find the right house.
  • Use your first agent meeting to set the parameters of your search; where, what style, how big, how small, how many bedrooms, how many baths, garage?, basement?, square footage, price, age, etc. 
  • Set the rules between you and your agent.  Most agents have more than one client.  They may not be able to drop everything and show you a property "Right Now."
  •  Don't change the rules in mid-stream.  If you change your mind about something, let your agent know ahead of time so she can adjust to the "new" norm.  There is no sense in setting appointments for a dozen ranchers if you suddenly hate ranchers.  
  • Remember, your agent-partner only has so much time.  She can dedicate a certain amount of time to your search, but she can't be available 24/7.  If you have a good plan before you start, she will be your biggest asset, but please respect her time also.  Make every hour dedicated to your search as profitable as possible.
  • Act.  If you find a house that meets your criteria and it's fresh to the markeRunning mant, buy it.  If it's well priced and it's ready to sell, it will be gone before you spend the weekend thinking it over. 

Buying in a seller's market is not like buying in a buyer's market.  You can't approach your search with a casual attitude.  In a seller's market you've got to be focused and ready to act.  Decisions in a seller's market need to be made much more quickly.  So, be ready before you start, and you'll be in your new home before you know it.  The Winchester, VA, real estate market is slowly turning from a buyer's market to a seller's market.

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********************************************************************************

Mike Cooper, Real Estate Broker, Winchester, VAGive me a call for all your real estate needs, and let's make something amazing happen. 

Mike Cooper @ Cornerstone Business Group, Inc., 888-722-6029

 

Real Estate Sales and Property Management         

 

(Disclaimer:  All grammatical mistakes, punctuation breakdowns and misspellings are purely for your amusement and entertainment.   Feel free to cackle.)                                                                                                

 
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14 Comments on The Winchester, VA, real estate market is becoming a seller's market

JUN
12
631,917 Points 3 Featured Posts Outside Blog Attended Rain Camp

Good morning Mike,

Great news and it's happening in many areas across the Country (including Dallas!).  Buyer's are getting surprised with the turn, but we are quickly educating them!
6:15am • #1
553,710 Points 147 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

It is happening quick here, Lisa.  Just a month ago you could take your time looking at properties, but not today.  It's move or miss out.  
6:18am • #2
586,569 Points 46 Featured Posts Outside Blog Called Shot Master

Great news Mike.. The same goes for the Albuquerque, Rio Rancho NM areas. 
6:41am • #3
589,889 Points 58 Featured Posts Outside Blog Called Shot Master

Mike -- the difference between a buyers market and a sellers market can be very subtle so understanding the nuances are quite important.   There's nothing like knowing the local real estate market -- forget the national statistics.
7:45am • #4
553,710 Points 147 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Good to hear, John.  I'd love to see a little more balance, but hey, this is real estate.  There's seldom balance.  8=)

You are so right, Michael.
7:55am • #5
729,209 Points 103 Featured Posts Outside Blog Called Shot Master

Hi Mike - Many of us are facing the same situation in our local markets, and your advice to buyers is an excellent guide for navigating these tricky waters.
8:10am • #6
553,710 Points 147 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I would love to see a little balance, but I seriously doubt that's going to happen anytime soon.  8-)
10:25am • #7
182,724 Points 4 Featured Posts Outside Blog Called Shot Master

Mike, you couldn't of said this any better...a have a client right now that just recently realized you have no time to ponder...
11:32am • #8
553,710 Points 147 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I do too, Cheryl.  They've missed a dozen houses while pondering.  Now they're in a panic.
11:36am • #9
306,123 Points 6 Featured Posts

Always nice to hear when markets everywhere in the US are turning around.  That is a good sign for all of us!
2:20pm • #10
339,995 Points 8 Featured Posts Outside Blog Called Shot Master

I haven't seen that kind of quick turnaround yet but maybe soon. Good rules and suggested.
6:50pm • #11
1,912,808 Points 386 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Mike, sometimes I think that buyers are the last ones to know!  It's sort of like the way sellers were behaving in 2007.
7:08pm • #12
553,710 Points 147 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

It's like a roller coaster here, Jennifer.  This is a nice trend for change.  

Thanks, Jill.  Hopefully, this will inspire people to get their properties on the market.  We're running a little low on inventory.  
7:09pm • #13
553,710 Points 147 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

So true, Pat.   My current buyers are catching on.  I think they'll write tomorrow.  
7:10pm • #14


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