A phone call the other day illustrated to me once again how quickly
our real estate market here in Macomb County is changing.
The gentleman who called told me that he had been on my website
frequently and had his eye on a bank owned home that was on the
market. He said that he had been watching it weekly waiting for a
price drop before he would call me to ask to see the interior.
From the subject line of this article you can all guess what took place.
While I was on the phone with him I looked in the database and sure
enough the home not active anymore, but had an offer pending.
I could hear the disappointment in his voice.
The changes in our housing market is happening. It's real. I see signs that are subtle but very positive:
- Homes are being priced with current market value in mind more often right from the start.
Much less "let's price it higher for a while and see.." is going on. - Bank owners are lowering their prices more often, and more aggressively.
- Buyers are making offers on homes and having their offers accepted.
- Private owners are making their homes more appealing to buyers and doing all they
can to have the desired result - their homes sold.
To avoid being disappointed because the home you had your eye on is sold before you had a chance to look at it, and offer to purchase it yourself, please keep in mind the following:
A buyers agent will work for you and keep an eye on the market (and specific homes) daily.
Take the time to make that initial "Get to know you" meeting with a real estate professional at
his/her office. Talk with him/her about your needs and your wants and desires. It will be well
worth your time. We don't bite. I promise.
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