Sellers

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Real Estate Agent with Frank Rubi Real Estate
I keep reading and hearing about the great buyers market.  I know there are plenty of homes on the market.  I believe the vast majority of the sellers are only going to drop prices so far.  After-all they also will have to buy elsewhere at market price..This market price has gone up quite a bit over the past fifteen years or so.  Even building a home is expensive.  My point is the market will determine where the real estate industry winds up.  No one is smarter than the market.  The market will do as the market will do.
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Rainer
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Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission.
Florida List For Less Realty, Inc. Broker/Owner. - Cooper City, FL

JW,

Many sellers are taking their homes off the market. 

Some want to wait it out and see how 2008 pans out.

Aug 26, 2007 12:48 AM #1
Rainer
139,927
Kelly Sibilsky
Licensed Through Referral Connection, LTD. - Lake Zurich, IL

We had a big office meeting this week and our broker/owners...freshly back from the broker/owner conference...said that everything they are hearing from NAR and other broker/owners across the country indicates that 2008 will be much the same as 2007.

As agents, we all need to be prepared that we could have a few lean years. Do we have money in the bank to sustain us through it, while still having a big enough budget to market ourselves properly? What can we do differently to stand out from the crowd?

One of the things I'm wondering is if we will cause more problems for 2008 if we have our sellers remove their homes from the market today (I have one that wants to cancel as of Sept 30 and "try again next year"). It may help the market currently, but then flood the market in 2008.

Aug 26, 2007 01:40 AM #3
Ambassador
938,146
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com
John, I like how you say in your profile that you will always return phone calls.
Aug 27, 2007 07:57 AM #4
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Rainmaker
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John Walters

Licensed in Louisiana
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