How's the market?

Jenn. I heard this question often from friends and a even strangers, since they know that I am in the real estate business. Good to hear Richmond is doing so well, and you have a Hot market.

The real estate market, not just homes, houses we are talking. Land is way way undervalued in our area compared to the rest of the nation so we push tons of waterfront, farm, wooded land and cash sales. Higher commissions, no buildings, and owner financing easy to cusotm made the installment transactions with no bank. Quick closings.

That's one of the nicest market reports I've seen on Active Rain, Jenn.

Jenn, excellent thoughts about how YOU are the local expert for your area.

I recently wrote a blog on my real estate website about timing the market. Basically my advice to others is to do what you need to do. Nevermind what you hear in the papers and such. What is going on in your life and does it require you to make a move? Yes? Then let's go find you a home.

I hear this too...everywhere I go, you are so right. And I like the way you wrote this post. 

I don't even think the general public understands what "the market is up 5%" means.  I just avoid the entire question by asking "What area?"  They tell me, then I say "Oh, it's great!"

I like when I am asked those questions and as a result of doing the market reports find I can answer them in a way they can appreciate

Thanks for the report Jenn. I'm happy for you and the Richmond community. Things are looking good here in Portland and our office in Seattle is busy busy busy!

Congrats on your hot market, Jen. I checked the other cities  and was surpised to see Tampa Florida on there.

Jenn - I think a lot of folks ask How is the Market - It is good topic  and you have given buyers a good market snapshot.

Jenn,

I often get the question, and my response often is "its a duality", and then I give them 1 or 2 negative trends and 1 or 2 positive trends.  Usually, I'll conclude with "the market can be shown to be moving up or down, based on what you need it to be, simply by slight nuance to particular points".

Or, at least, that's what I'm seeing in the fall of 2014.

Jean:

I like your approach spliting the market between buyer and sellers , and your intial answer about the food market.  The little bit of humor at the beginning i feel show you a human too and not just a robotic salesman.

Hi Jenn, I love it when people ask that.  I think they want to be reassured that their home's value is increasing and that we are not headed for an adjustment like the one back in 2007 to 2008.

 Jenn,

I often get that exact same question. Sometimes I wonder though, what's the real reason they ask. Maybe I'm just too suspicious.

Rich

     Your response is great, Jenn.  "It's a good market for Buyers, and a good market for Sellers".

Good detailed scoop on your answer for the market inquiry. Your elevator speech is very upbeat and ready! 

I like your nutshell approach, Jenn.  We should know the market in our area and be ready to provide it to people who stop us at Kroger  or anywhere else.

I wish more people actually got "it". Our market is great right now. I shout it from the mountain tops all the time but no one seems to be listening. We need inventory badly.