Buyers Market

By
Real Estate Agent with Coldwell Banker DiTommaso Realty
It is still a buyers market but at least now more buyers are looking at houses than before (edit/delete) We all know that the economy was severely damaged by the way everything was handled with the banks and all the foreclosures going on everywhere but I noticed a change in the last few weeks with the amount of buyers that have been contacting me to look and start buying houses again. The buyers are finally comfortable with coming out to see houses again and banks are finally giving out the loans more freely now too! It will take about a year or more to get out of this economic crisis is what everyone is predicting and has been predicting for montths now. I am seeing a slight difference with the buyers side of it. The homeowners are still hesitant though to list and still think their house is worth more than we show them its worth. The sellers are still in denial and trying to sell their homes on their own and wasting more time than necessary and with all the foreclosures going on you would think they would want the Real Estate to step in to speed up the process of selling their house but homeowners still won't budge. Anyone have any advice on how to crack the ice with the homeowners and easing their mind about listing their house and getting them to believe the value of their house is really as low as we say?

Comments (1)

Rick Irving
My Texas Home Real Estate - Fort Worth, TX
Rick Irving Knows Real Estate

I think you are right. It seems like things are getting a little better. We have been in Real Estate since 1984 and have seen some strange things in the market. However, the last 2 or 3 years have been different than we have seen in the past. It will be a a few years until we have a stable market again.

Thanks for the post.

Jul 15, 2010 10:39 PM