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27 Comments on Market directed changes in attitude.
Real Estate changes are like the currents at sea...catch them or you drift..you just sit and go nowhere
Excellent post- great reminder to always keep listening. Thanks for the post.
Great post-- the supply of apprehension and cynacism has been replaced by the demand for a sense of urgency and action.
Hi Richard, Well said. Our bottom end inventory is drying up and buyers seem shocked to hear that the market is trying to show some price support.
I see this attitude adjustment all the time, people not believing that multiple offers coming in, dozens and dozens of people at the first open house. It takes losing out on a few nice properties before the new attitude takes hold.
Richard,
You are spot on with this. When you try to explain this to buyers they are surprised and have to learn the hard way that it's the truth of the market right now!
We definately seeing the same market shift here. Now, we must train our buyers and sellers!
Hi Richard. Sometimes it takes awhile for buyers to understand that there is a shift.
yes Richard let us hope the trend continues and we reach some point of equilibrium
I like the shift in the market although it's a bit too biased in favor of sellers in our area. It's nice to see that buyers in particular don't have forever to make up their minds. A little pressure is a good thing.
Go ahead and Do it..
Real Estate is LOCAL. My home town things are selling fast. 10 miles away, there is a glut of homes.
Love your list of location, price & condition!
Richard:
Oh yes, the market has surely changed. Buyers need to realize that it is now a seller's market. No more low ball offers and no more demanding conditions.
So, so true. Have had a couple buyers recently lose out on a house or two because they waited to make a decision. The market is definitely changing!!
A very welcome change for sellers. Here's to hoping the market bounces all the way back.
Richard, Some markets are getting scarce. Others are not. Location. location, location.
Richard...couldn't have said it better myself, Price, Location, and Condition. I find myself in multiple offer sitautions daily, inventory shrinking, new home building on the rebound, not as many foreclosures. Although market conditons are local, all indications are pointing to an even better '13...
Location, location, location. It still tops here...price then condition next.