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Are we in a "Chicken or the Egg" Market ?

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

   Chicken or the egg  Long ago and far away, we were in a real estate market where agents could actually predict, with some degree of accuracy, based upon market statistics, when a house would sell.....We tell Sellers today that the days are gone when we could say:

 

          

     

                                  "You house will sell in 12 days, 7 hours, 43 minutes and 8 seconds from now."

      Timing is not quite soooo certain now....so the dilemna for some homeowners who want to take advantage of the great interest rates and super prices is.....what to do FIRST.....List their house  and hope they can find a house they want when it sells OR find a house they want to Buy and THEN list their house....decisions...decisions.  Bridge loans have been thrown off the bridge and the options now are fewer.....We can't advise anyone, no matter how attractive their home may be, to buy another house first and hope theirs sells quickly.....Two mortgage payments, affordable or not....not a good financial decision.

    If you are confused or uncertain about what to do...Call a qualified realtor in your market and discuss your options.  If you are in Waukesha, Milwaukee, Ozaukee or Washington counties in Wisconsin...call the Hansons.  If you live outside of these areas and don't know a realtor...Call the Hansons and get a recommendation from a large network of realtors across the country.

     Guidance from professionals is a great help to you in making decisions that will affect your financial future.

            We look forward to being of assistance.

                   At Your Service,

 

                                Sally & David Hanson

calendar and clock

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Timing is so important! Got me think of a fried egg and chicken sandwich for some reason with that graphic. Need more snackage.

Jun 21, 2012 03:11 AM
Barbara Hensley
RE/MAX Properties - Rockwall, TX
Homes for Sale in Rockwall County, Texas

Yes, it is ALL about timing!  I am with Andrew, it is snack time!  I did enjoy reading this one!

Jun 21, 2012 03:40 AM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

I recently sold and bought so I know exactly what you are talking about.  We found the new house before our house even had an offer.  We didn't want to lose it, and it had an offer on the table already.  We had no choice but to make our offer without a contingency to sell our house first.  We were VERY lucky we could get money from savings and swing it.  It was extremely stressful and very frightening to take on a second mortgage.

Thank God it worked out for us.  We only ended up having three months of carrying two houses before ours sold.  My heart goes out to all the buyers who can't do what we did....it must be so frustrating!

Jun 21, 2012 04:34 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

It is difficult....and writing with a home sale is the weakest offer there is !

Jun 21, 2012 04:49 AM
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

So, a direct answer, with days and hours to the selling time, which is it:  the chicken or the egg?  You never said!

Jun 21, 2012 10:36 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

And the answer is.....depends upon the market, the property and the finances of the seller....

Jun 21, 2012 10:43 AM
James Dray
Fathom Realty - Bentonville, AR

Good morning Hanson's hummm seems like one can't decide if the egg hatched or is still in incubation

Jun 21, 2012 08:12 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Waukesha, Milwaukee, Ozaukee or Washington buyers, call the Hansons for all your Real Estate Goals...very cute title!

Jun 21, 2012 09:17 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Thank you...the buying is great and getting greater...2 listings with multiple offers this week...let's hear it for the revival of the market...hoooray !

Jun 21, 2012 10:14 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Sally & David.  Timing is everything.  Interesting times.

Jun 22, 2012 09:21 PM