Sellers Are Motivated!

By
Real Estate Agent with The Diamond Group @ Keller Williams

Sellers Are Motivated!

When supply exceeds demand, buyers have the upper hand--and that's where we are now!  The current supply of homes for sale now stands at 12.5 months, meaning that at today's pace of home sales, it would take twelve and a half months for the existing inventory to sell.   Of course the sellers' home that is in top condition, priced well for today's market, and in a well sought after location there can be multiple offers.  Make sure to have someone in your corner as a buyer to make it through all the pitfalls of buying in any market! 

As a buyer you have lots of choices, lots of negotiating power, and the smart sellers are fiercely competing for your business, both in terms of the price and the condition of their homes. 

 For more reasons why now is prime time to buy a home, contact me and I'll send you a free ebook.

Posted by

The Diamond Group of Keller Williams Realty

'A Cut Above The Rest'

4747 S. Loop 289 Suite 110

Lubbock, Texas 79424

 

806.771.HOME (4663)

thediamondgroup@kw.com

www.lubbocktxhomes4sale.com

 

 

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Comments (4)

Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

BUYERS RULE where you are Elizabeth and I hope it trends a little more toward balanced to help those sellers out. Thanks for your latest facts.

Jul 07, 2011 11:17 AM
Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Elizabeth - Get out there and sell some of those houses while the buyers are motivated to buy and sellers are even more motivated to sell! 

 I'm happy you're active on AR once again.

Jul 07, 2011 12:57 PM
Vickie Slade
Colorado Landmark, Realtors - Boulder, CO
Service You Can Trust ~ Someone You Can Depend On

Elizabeth, buyers do have a lot to choose from.  We are seeing a lot of the distressed homes at lower values disappearing off the market.  The flippers are purchasing them as fast as they can find them.  I was looking for one for a buyer and not having a lot of success.  He definitely wants a "wholesale" type property that he can fix up and gain equity.  Good luck right now in certain of our markets.

Jul 07, 2011 04:14 PM
'The Diamond Group' 'A Cut Above The Rest'
The Diamond Group @ Keller Williams - Lubbock, TX
Lubbock Texas Real Estate

Hi Gary, I agree I like a more level playing field, everyone needs to win!

Thanks Norma, I guess I got rid of writers block and missed my AR friends too!

You are right Vickie, our market isn't hot or cold but just comin' along.  Not a huge advantage for either buyers or sellers, but interest rates are sure helping!

Jul 08, 2011 03:59 AM

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