"Buyers Market", "Sellers Market": Does it Matter?

By
Real Estate Agent with Trademark Realty Group of Palm Coast

 We hear those phrases all the time.  To be honest it really doesn't matter.  Why would I say what seems to be such an unheard of thing?  Simple, you have to look at the facts for both sides to determine the best decisions for yourself and not what someone wants to "label" things.  Here's what I mean from both sides with the facts:

  1. Sellers - Higher than normal inventories.  This means you have a lot of competition to sell to a limited amount of buyers.  Pricing, advertising, marketing, and openness to offers is extremely important if you truly want to sell.  In other words . . . normal Real Estate.
  2. Buyers - A lot to choose from and price is a concern.  It is important to make educated and informed decisions.  Know what you want in a property and know what you can afford (get that pre-approval).  Make an offer.  If it's turned down . . . find out why.  Do you "hold all the cards" . . . no, because the seller owns the property and it is their decision to take your offer or not.  In other words . . . normal Real Estate.

So what kind of market is it then?  Normal Real Estate for both sides.  The seller wants to sell.  They put the property up for sale with it price correctly, adevertise and market, stage it, take offers, negotiate, and . . . sell your property.  The buyer wants to buy, they shop, get the information they need, tour the property, make an offer, negotiate, and . . . move in.  Public records on properties on incredibly easy to accesss.  So if you can not see a justifiable reason that a property is priced as it is . . . make an offer you think is reasonable.  If the answer is "no".  Move on.  There is plenty of a selection to choose from.  My suggesstion is for buyer to have about 5 properties of interest when shopping.  Once you "move on".  You may never know, that seller may change their mind and come back to you. 

In a nutshell . . . normal Real Estate.  Selection is great, prices are great, and interest rates are still low.  Not too bad if you ask me. 

Posted by

Kathleen West, Realtor
Trademark Realty Group of Palm Coast

416 South Central Ave Flagler Beach, FL  32136 | Office: (386) 446-5930 
Email:  Kathleen@PalmCoastHomeShow.com
www.PalmCoastHomeShow.com

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Comments (3)

Team Thayer Key Realty Group Inc
Key Realty Group Inc. - Eugene, OR
We will sell your house faster for more money

What counts most in any market (in my humble opinion) is adaptation. The market is always changing. While some changes are reflective of familiar trends, this is only a perceived comfort.

If you adapt to what is happening in the current market you will survive. If you are a listings specialist, and you hate to work with buyers, you may have to work some buyers to get your listings sold. Plus dual agency (done ethically) can really help everyone in this kind of market. I have been able to save both parties money while operating in dual agency recently.

I have adapted to survive. And as a result have honed pertinent skills to work amongst short sales,  bankruptcies, and foreclosures.

Give yourself the tools of today, and you will not only survive your market, but you will excel. 

Thanks for reminding us that the coined term of the media has no impact on the reality of doing business for the real estate professional. 

 

Team Thayer 

Oct 24, 2007 07:31 AM
Jeff Payne
The Payne Group at Keller Williams Success Realty - Panama City, FL
Panama City Real Estate
We are in a real estate market!!!   It is what it is. People are always selling and buying property.
Oct 24, 2007 07:32 AM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains
Ever changing is a normal market for real estate.  I do think buyers are more motivated when they hear it's a buyer's market and vice versa.  Problem is bot sides tend to take advantage with either outrageous offers or overpiced listings.  Jeff said it best, "We are in a real estate market".  Also, thank you for your comment and help about my P2.
Oct 28, 2007 12:17 PM