Real Estate Headlines Never Tell the Whole Story

By
Real Estate Broker/Owner with Taylor-Brown Real Estate

Have you seen in the not so recent past headlines like "Will real estate survive, market at its lowest decades," or "Real Estate bubble burst"?

Those headlines send chills down both buyers and sellers spines.  Buyers just did not buy and sellers did not sell.  Sellers did not sell not from the lack of trying, but due to buyers not buying at the old higher and in some cases over-inflated prices.  Sellers eventually had to succumb and sell their homes for what buyers wanted to pay.  Remember, appraisers, Realtors, and sellers do not determine the sales price the willing and able buyer does.  What does that mean?  The buyer looks at features, location, but most importantly price for the home located in the area they are most interested in.  Therefore, sellers, price your home as if you were a buyer in today's market.

Comments (1)

Tara Colquitt
Tara Colquitt, The Credit Woman, LLC - Philadelphia, PA
Credit Counselor

The last line is the truth: Price your home as if you were a buyer. Why don't they get that?

Rhetorical question! LOL

 

Jun 22, 2009 11:05 PM