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Discouraged Buyers - "We missed the boat!"

By
Real Estate Agent with Keller Williams Realty CalBRE# 01308620

Discouraged Buyers - "We missed the boat!"

I've been hearing repeatedly from my Buyer clients and new prospective Buyers I meet at my listings lately that they are frustrated with current market conditions. Understandably so! There are 5-10 if not more, qualified buyers in my area competing for every well priced listing in desirable locations.

Discouraged Buyers - "We missed the boat!"

But look on the bright side my friends, this number is down significantly from recent months during the 2013 Spring & Summer buying frenzy that we saw this year where I had no joke 30+ offers on several of my listings and they were selling nearly 5-10% over list price!

Discouraged Buyers - "We missed the boat!"

I believe the season change coupled with fluctuation in interest rates & the craziness that is our Government at the moment has caused people to slow down a bit and I'm feeling the change! This change is for the better and I encourage all of you buyers out there who didn't want to get involved with the madness earlier this year to seriously focus on making your homeownership dreams or desire for a new home a reality this holiday season!

Discouraged Buyers - "We missed the boat!"

Typically Sellers who actively market their homes in the 3rd quarter of the year are motivated, your competition in the market place is off on holiday vacations, or just "waiting until after the New Year." So now is your time to strike!!!

Discouraged Buyers - "We missed the boat!"

For all of you who were sitting on the proverbial "Fence" for the past couple years, it might very well feel like you missed the boat as the bottom of the market for us here in the Northern Los Angeles area was back in November of 2011!! Yes folks, we are nearly 2 years into recovery!!!

Discouraged Buyers - "We missed the boat!"

Please understand though that there is still plenty of room to grow, prices are still headed upwards, for how long? Nobody has a crystal ball but historically upswings in home prices last approx 5 years so you have plenty of time to CATCH THAT BOAT!!! Although if we are to sustain the growth we've experienced it does need to slow down a bit because the rate with which prices rose from 2012-2013 was just too much too fast for a healthy recovery so I encourage the market place to cool off a bit so that you can see a slow steady rise in prices for years to come!

Discouraged Buyers - "We missed the boat!"

Please don't sit on that fence any longer folks! You'll get splinters in your behind....

Get your loan approval ready, call a professional like myself and let's get you on the road to a new home for the holidays!!!

Discouraged Buyers - "We missed the boat!"