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What/Who is driving today’s local market??

By
Real Estate Agent with Weichert Realtors - Hibble & Associates

I will give you a one word answer...BUYERS. Homes are still selling well in thHouse in Shooping Cartis part of Northeast Pennsylvania. Rates are still extremely low. Buyers are in the driver's seat because their options are endless. If sellers do not put their best foot forward they are in trouble. Sellers need to be very aware of a few things. The first is price. It is human nature to always think that YOUR home is worth MORE than it actually is. Despite agents performing a market analysis and providing comparable sales, sellers 8 out of 10 times will say "I know you say my house is worth $150,000, but I want to list it for $175,000."  This outlook has got to change. If you are a seller and you are priced too high, the buyer has another 5-10 equally comparable houses to choose from. The competition is fierce in this market. Another thing sellers have to keep in mind is that the house needs to be in its best condition for each showing. Take a tip from FlyLady.The first impression is huge.

 Buyer Looking at Home

With that being said, if your home is priced right and is neat and clean, it will sell.

 Buyers are realizing that now is the time. People who were casually thinking of buying are now seriously looking at homes. These rates are not going to last forever. Smart buyers know that and are acting now.

 Looking to buy or sell??

Todd Jones - Selling Scranton and Clarks Summit Real Estate. Serving all of Lackawanna County

www.realestatebytodd.com

 

Posted by

Todd Jones - Associate Broker/Office Manager

Semian Real Estate Group

570-878-4739 - Cell

570-344-6880 Ext 237 - Office

Samantha Nichols
ERA Belsito and Associates - Plymouth, MA
Massachusetts Real Estate Specialist

I agree 100% with your comments. I try to educate each seller prior to signing a listing contract of the good and bad of pricing and how to be competitive. I find it's better to be up front about strategy in the beginning than fight them later on.

Sep 19, 2008 08:58 AM
Stacey Pierce
Licensed Real Estate Salesperson - Manhattan, NY

You are right on with your points. Buyers in NYC are afraid and I keep trying to explain to them that they are in charge. Hopefully, they will believe me at some point.

Stacey~

Sep 19, 2008 09:00 AM
Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Todd~ You are right about the the pricing having to be correct.  Overpriced homes will just sit there and help the other homes sell faster!

Sep 19, 2008 09:01 AM
Sean Carroll
The Get Off Your A$$ Academy - Manhattan, NY
Real Estate Speaker and "Expert" Coach

well said Todd. I just posted a blog about this topic yesterday, and I agree with you 100%

Sep 19, 2008 09:34 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I agree with your tips. Hope sellers read it and act accordingly. Homes priced right are selling.

Sep 29, 2008 11:07 PM
Brian Ryan
Century 21 Absolute Realty - Ridley Township, PA

Todd, Good post. Pricing must be right and completely agree with first impressions. Thanks.

Sep 30, 2008 07:40 AM
Richard Ives
Chicago, IL

Todd great post.  Have a great week!

Oct 08, 2008 04:14 AM
RALPH JORGE
EXCELLENCE EMPIRE REAL ESTATE - Riverside, CA
REALTOR

Thank you for your response.

Oct 08, 2008 07:09 AM
Not a real person
San Diego, CA

Prices continue to fall here in San Diego, with sales being up for the third month in a row. Both of those are good news for us because about 25% of San Diego families can now afford to buy a home, up from a mere 7% a couple of years ago. Unfortunately, with the credit crunch, only foreigners, property investors, and the extraordinarily rich can scrape up the required money to buy something.

Oct 18, 2008 09:46 PM