Why aren't there more buyers moving into the market given the price reductions?? Knowing that interest rates may escalate at any time you would think there would be more activity. I gues what I mean to say is that, there is buyer activity but many of them are still sitting on the fence and no matter how much information you give them, with regard to the natural "cycle" of the market and how the cost to wait doesn't make sense, they persist in just looking and missing opportunities that present themselves. It's as if they are not listening well to those that are actually working in the industry on a daily basis, but rather listen to the media's take on the market. What becomes extremely frustrating for me is when you show your clients lots and lots of properties and advise them to make an offer on their first choice, but they choose to wait a little longer with hopes the purchse price drops a bit more, instead of just offering the price they'd like to buy the home for and then negotiating from there, and then the property goes pending, ahhh! This seems to be happening more and more these days and what's most disconcerting is the amount of time vested with the buyers, and their time in searching with me, and the subsequest missed opportunities.
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