I work in the business on a day to day basis and it is easy to get immersed in all the changes going on and shrug them off as no big deal. I really think that each market presents its own challenges and it is sometimes hard to think like a buyer or seller.
But this blog posting is not about my experience in the business - it is to share my happiness as a customer.
My wife and I just accepted an offer on our condo. It was on the market 6 weeks and even though we accepted the price $20,000 less than the list price, we got a good deal. I had a feeling that it would sell around the offer price, I was just listing high in hopes of a bigger payout. My agent did a great job and it reaffirms the idea that selling a house should never be done without the help of a professional.
Now for the fun part - buying! We drove by 30 houses in our neighborhood and we are narrowing our top choices down to ten. We will look this weekend and make an offer on our favorite.
There is a lot of talk about buyers trying to take advantage of a sour market by automatically low-balling every offer. I plan on offering a fair price for the property of our choice. The prices have already dropped (another 13% over last year) and there's no need to get greedy.
We have had a positive experience on the seller side. The buyer wrote a fair and respectable offer and we graciously accepted it with no counters.
I am all for making good investments, but has anyone seen greedy behavior from buyers? Just curious.
Steve
Comments(1)