I Just Checked the Experts at Realty Times About Our Market....Could You Be Any More WRONG?
I think this post by Don Sabinske, Sabinske & Associates Inc., is excellent. It goes hand-in-hand with my latest blog perfectly. Don's message addresses the issue of Buyer's VS Seller's market in his service area of Elk River/Sherburn County, MN ... and his assessment that his service area is seeing MULTIPLE offers for those seller's properties that have been priced correctly, and thus ending the reign of the buyer's market there.
My latest blog addressed much the same issue and the improvements that many markets are reporting in sales. We both conclude that current home buyers need to be aware that the pendulum is swinging back once again. That time is of the essence and buyers can no longer assume they have all the time in the world to make decisions or that they can lob low-ball offers at sellers.
Don Sabinske is right. If you want to know the truth and reality of what is happening in your local housing market ... you call Don (if in the Elk River/Sherburne County, MN area) ... or an experienced real estate professional in your own market. Do yourself a favor ... put yourself in qualified, experienced, LOCAL hands when buying a home ...
Gene
Realty Times has our market listed as a Buyer's Market today. Let me tell you that is not the case. Short sales, foreclosures, regular sales, if they are priced correctly are getting multiple offers above list.
Yes, you read that correctly....MULTIPLE OFFERS above list. How do I know this? By being both a listing agent and selling agent, I have the bird's eye view of what is out there.
I know that if a property has good bones, has a decent price and is in a fair area of Sherburne County, it will sell quickly.
That is the key....correct pricing to put the seller in the cat-bird seat.
But, we don't need the "experts" to put it out there that it is still a buyer's market because it most certainly is not. At least not anymore.
And, with interest rates rising, buyers need to move....and move quickly to get that home that they want NOW.
At least that is how I see it on this 17th day of April. Don't say I didn't warn you that sometimes the "experts" can see their hands in front of their faces....
Don Sabinske, Broker, GRI
www. donsabinske.com
Sabinske & Associates Inc.
763-350-7960
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