Buyer's Revenge

By
Real Estate Agent with Cactus Mountain Properties, LLC

Buyer's are feeding off the glut of properties on the market. For those who restrained themselves during the real estate feeding frenzy that drove home prices to new caloric highs are now feasting on the skinny seller who is suffering from stretch marks left by his quickly deflating bargaining power. "In a lot of communities, smart shoppers can actually get more house for the same money than they could a year or two ago" says Sid Davis, the author of A Survival Guide for Buying a Home. How can we, as real estate practioners, best negotiate in the best interest of our buyer's and seller's? I welcome your comments!

Posted by

Barb Merrill Works 4 U!

Comments (4)

Kris Wales
Keller Williams Realty - Lakeside Market Center - Macomb, MI
Real Estate Blog & Homes for Sale search site, Macomb County MI
Buyers revenge?  I think it is simply that the market is finally coming back down to earth in many areas.  We're seeing a balance now of affordable housing for most people.
Sep 08, 2007 04:39 AM
Daniel Sundberg
Crystal Springs Real Estate - Kentwood, MI

    Don't let buyer's get sucked into the "Emotional Buys" anymore.  I had a buyer buy purely on emotion this last month, and wrote an offer several thousand dollars beyond what the house was worth against my advice.  I made sure they heard and understood what I was saying, but I dread the day they call me to list it again in a few years so they can upgrade.

    Another Problem I have encounter is the buyer who wants to steal everything.  I understand prices are going down at a fair pace, but offer 50% of value on homes that are buys in this market is just stupid!  A Buyer's agent job is to educate the Buyer first and foremost.  In this market, If a buyer is not educated properly, may miss some opportunities of a lifetime. 

Sep 08, 2007 04:39 AM
Anonymous
Blogger To Be Named Later
Barbara, interesting analogy and very witty writing. I don't know if I feel like eating a second canoli or jumping on the treadmill for an hour. It certainly is a buyer's market. Well done.
Sep 08, 2007 04:41 AM
#3
James Gordon
Sibcy Cline Realtors® - Cincinnati, OH
REALTOR, PBD SFR SRS
Most buyers in this area are trying to steal something. The paper just had in the headlines again today about Ohio being the number one forclosure state.
Sep 08, 2007 08:09 AM

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