So we have all heard it time and time again. "We might" no wait "we are" heading into a recession. What you need to remember is that there is always a need for homes priced well and there will always be buyers ready and willing to buy these homes.
So we are not in the sellers' market that we have been in for the past 5 years. What does this mean it means that we can finally tell our buyers they don't have to include escalation clauses they don't have to waive inspections they can go through the normal buying process.
Sellers are offering closing costs, trips, etc as incentives to attract a qualified buyer but what really attracts a qualified buyer? Pricing your home to sell. Marketing your home for sale is an everyday task that should be looked at as an interview. Would you show up to your interview for a new job with a large coffee stain on your jacket? No but you would be surprised how many sellers won't rake the leaves in their front yard or have their house professionally cleaned.
Buyers make their decision upon pulling up to the curb. Does the house look well cared for? Could I see myself getting out of this car daily and walking up to this door. Having a freshly painted front door is like adding lipstick to a freshly made up face.
Our real estate market is strong and we are now in a buyers' market. So if you want to sell then price your home to sell or you will be amongst the others that are not selling.
Buyers get that flip idea out of your mind. You should think of your real estate investment from a 5-7 year hold right now and you should always plan your exit strategy.
Comments(5)