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How is the government shutdown affecting your Real Estate business?

By
Real Estate Agent with Coldwell Banker Previews International CT.RESIDENTIAL 079-0442

Is the government shutdown hurting my sellers no matter how low they take their list price??

it seems that everyone is waiting to see what Washington DC does next...

 

Have you noticed a slowdown in your primary markets since the government shut down more then 2 weeks ago?

I personally get up and push it every single day from the moment I wake up until I hit the pillow at night.

I have noticed that buyers are sitting tight and it feels like I am running at Mach speed while

everything around me seems to be moving in slow motion..

 

If inventory is low in my primary market areas and there are more buyers then solid homes on the market.

Shouldn't I be fielding offers right now for these properties?

I have a listing that was $2,490,000 in recent years,

my clients have recognized the lack of interest at the higher price and following my advice

they have repositioned several times in the last 9 months.

This same home is now down almost $700k to $1,799,000 and it is still fully available?!

In fact the three homes that I currently have listed in New Canaan are all solid values.

All three are priced below the "market value"

So, why aren't buyers pulling the trigger on thes great opportunities??

I understand that a property can go stale but shouldn't buyers be responding to the value?

 

How is the Government shutdown affecting your listings and buyers?

If you are also a hard working realtor that feels like throwing your hands in the air and saying

"Come on already, WE have had enough!"

My clients are ready to sell their homes, 

Isn't this just one big distraction slowing down our business?

Sound off!!

Thank you for your input..

Mark

 

Listing Inventory..

www.379ponusridge.com    - $1,799,000

www.228oldstamford.com   - $1,595,000

www.834valley.com           -  $849,500

www.25dudley.com            -  $939,000

 

 

 

Posted by

Mark Pires

#3 in Connecticut with Coldwell Banker Residential - 2014

Coldwell Banker Previews International

Renovation & Design Advisor

Luxury Home Specialist

Personal Aerial Photography (no charge)

203-247-2655

mark.pires@cbmoves.com

www.markpiresrealestate.com

 

FOX News CT Feature Story on Pioneering Drone Technology in Real Estate...

http://foxct.com/2013/09/20/the-sky-is-the-limit-for-a-new-canaan-real-estate-agent/

Channel 12 News CT. with their story on the Drone.

 

Comments (1)

Marilyn Wier
RE/MAX Space Center - League City, TX
Your League City & Surrounding Areas REALTOR!

One of my fellow agents has 12 clients with FHA loan approval pending. Everything is on hold until the shutdown ends. Personally I haven't been affected directly but there is a slow down. It could be because people are in fear of the outcome of the shutdown.

 

Oct 15, 2013 03:13 AM