You betcha --- I have read many post and news paper articles that state there is no way to predict trends in real estate and yet how many times have there been post on the subject of investors taking advantage of this present market due to the bargain prices on home values (trend). Lets swing into a new directions. When we as agents meet with a seller do we not razzle and dazzle them with statical data. Such as:
Here are hints on current trends.
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Are prices stable or unstable - are prices reflecting in your local market as being a buyers or sellers market.
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Are Short Sales not a trend--sellers selling a home for less than what they purchase it for.
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Bank owned properties that are so readily available because of the state of the current economy.
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Bankruptcies are up--due to job loss, families over extended with credit obligations, medical expenses.
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How long is it taking to sell a home --days on market.
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Credit issues that can impede qualifying for a home loan. Which prevents a buyer from purchasing.
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Buyers wanting to get a deal, making offers that are asking for sellers to paid for closing cost -etc.
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Interest rates ---are low.
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Buyers are taking more time in selecting a home.
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Sellers need to have a home that is in the best showing condition.
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Sellers wanting to discount real estate services
Trends are not a secret--- as agents march forward, handling real estate deals--- being in the vanguard, of change--getting a chance to reveal present trends in real estate to sellers and buyers is remarkable.
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