Dear Sellers,
I know you think you are aware of the increasing inventory on the market. And you may even know that a buyer's market means that there could be between 8-10 months of inventory currently listed. You may even have a Realtor who is keeping you informed of what houses ( listing comps and sold comps) are currently on the market and which ones have recently sold or gone into pending so you can take a good look at what those homes are offering above and beyond your home.
You may have cleaned, decluttered, painted and neutralized your home so that it sits as pretty as it can in today's market.
But you may not be aware of the buyer mentality today. Many of us Realtors are still getting used to it!
You may think you don't have to sell, but a good many of our buyers don't have to buy!
They can take their time looking at homes on the internet, open houses, and even setting appointments to see homes, but because they DON"T have to buy, they aren't making any quick or fast decisions.
I called a list of Realtors after my seller made a significant price reduction. Many of those buyers who previewed the home 3 months ago still hadn't bought. They were still looking.
Some buyers go back for second showings, bring back parents ( and/ or friends) and still don't write offers for weeks.
Of course they could always be waiting for new inventory because there always seems to be new inventory. But they usually aren't too uptght about your house getting snatched up on them, especially since they know you've already been on the market for some time.
I know you won't find this note very comforting but I thought you should know that your Realtor can do just so much in a co-broke situation. He or she is probably doing a pretty good job of trying to get feedback from either the agent or the buyers, may be providing them with whatever information they request, but unless the buyer is a also a seller in this market, they really don't sense your urgency because they really don't have any.
Try not to take any of those second showings, the lack of immediate feedback or offer too personally. The buyers, unless they are investors today, just don't seem to move that fast!
Even your Realtor could be frustrated by these buyers at times but we are learning to stay calm and wait for the buyer to make his move!
And wouldn't you think the 1st Time Buyer $7500 Tax Credit would motivate some buyers?
For more real estate information, visit our website: www.kochsrealestate.com
Char and Jim Koch Residential Realtors
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