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Adjusting to the Market Shift
As the real estate market switches from a Buyers' market to a Sellers' market or vice versa, can be a challenge with younger agents. Anybody that entered the business around 2007 or later (just still being a Realtor shows you have been doing something right), will begin to see a market that they have never witnessed before. Hopefully the market does NOT get overheated as it once did prior to the bubble. Without sub prime lending, it is unlikely this will happen. However the market is changing from an extreme Buyers' market toward a Sellers' market in my area. With any luck, there will be a pause and the market will settle into more of an equilibrium. However it is impossible to generalize the entire market as it varies with price points, locations, style of homes, etc. even within the same geographical area.
The market shift will lead to Realtors finding Buyers to be more plentiful. This will put a premium on Sellers and quality listings. Buyers' agents will need to be more responsive to their Buyers' requests because homes will sell faster. This doesn't mean, that Realtors cannot have a life as well. However waiting for a few days can ... more
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