SOLD! SOLD! SOLD!
It’s the sign we all love to see! Yes, houses are starting to move again. The key to keep the momentum is to keep a steady hand at the helm. Raising prices is a bullet to the foot of the market. Overpriced houses stagnate the market and that includes foreclosures and short sales.
Foreclosed properties need to be put on the market and cleared out so that some level of normalcy can return.
Sellers need to understand that this is not 2005 anymore, I’m sorry if you overpaid but that is not the fault of the buyer or the Realtors. Give reality a chance.
As a Realtor I look for properties that are priced within my buyer’s range, for homes in good condition, for homes that will appraise…Did I say that out loud? Yes! Appraisals are a mighty big factor these days. Low appraisals can kill a deal just as easily as a bad home inspection report.
The word to the wise, and that means all of us, Moderation, Moderation, Moderation, steady as she goes! And SOLD will be a more common and welcome word again!
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