A Sellers' Market is not a "license to steal"...IS it ?

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

   There are Sellers....and quite frankly, Agents....who want to go above and beyond capitalizing on "thinventory" in the current Sellers' market in many areas of the country.  The thinventoryblindfolds may be on when it comes to condition...never mind the fresh paint, Robberreplacing flooring...tending to the routine systems maintenance or updates that may well welcome a higher price.  The Sellers and agents sometimes believe...none of that has importance...there is a shortage of inventory and "what condition your condition is in" is real estate trivia....Buyers have their checkbooks open.

      Anxious...oh YES...the present state of thinventory has meant Buyers stacked up like cordwood in a variety of locations and price ranges...waiting for the house that they  will call home to come on the market. Gone are the days of Cordwoodwriting offers with a home to sell...of writing less than asking price....creative offers with flexible closing dates to meet the Sellers' every needs are the offers that are accepted.

    Agents with experience who reviewMagic wand homes on the market for Buyers are amazed....Will that property sell at THAT price...and will an appraiser wave a magic wand to "insure the value and enable it to be financed ?

      Real estate markets go in cycles...what goes up...goes down...and how far IS down...and when ?  Our crystal balls are foggy...we can't make any predictions. We long for the days of a more balanced market...and feel it is healthier for everyone rather than the frenetic state we find ourselves in currently.

      We still believe in having our Sellers prepare their home for sale and not overlook the maintenance and cosmetics that will create the highest and best "eye candy" to attract buyers...that will never change.  The price Buyers are willing to pay....how much and for long...time will tell.

        This has been a "state of the market" post brought to you by Sally K. & David L. Hanson, Broker Associates with Keller Williams Realty honored to be serving both Sellers and Buyers in southeastern Wisconsin.

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Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Rainmaker
324,826
Gary & Melynda Wolter (CRS) 480-269-1164
Evenson/Fisher Group-Revelation Realty - Mesa, AZ
Relentless, Reliable, Premier Personal Service

Great thoughts on what is a crazy time to be an agent. We still prefer it over a buyers market thats for sure!

Apr 18, 2018 03:21 AM #1
Rainmaker
4,177,521
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It will be nice to have a balanced market. You always provide good information about your housing market 

Apr 18, 2018 03:37 AM #2
Rainmaker
2,556,168
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Sally.

The market will turn, don't we all wish that crystal ball was not so cloudy?  In any respect, it would be nice to have that balance at all times

Apr 18, 2018 03:39 AM #3
Rainmaker
4,799,820
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thanks for sharing your experience. It is a very difficult time for home buyers.

Apr 18, 2018 03:46 AM #4
Rainer
443,650
Sham Reddy
H E R Realty, Dayton, OH - Dayton, OH
CRS

That's very unfortunate:

The Sellers and agents sometimes believe...none of that has importance...there is a shortage of inventory and "what condition your condition is in" is real estate trivia....Buyers have their checkbooks open.

Apr 18, 2018 04:30 AM #5
Rainmaker
2,809,834
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Sally. Thinventory is only exacerbated by sellers who have not prepared their house for sale. Enjoy your day!

Apr 18, 2018 05:39 AM #6
Rainmaker
4,469,276
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Sally and David.  Even in a very tight seller's market, there are homes that languish on the market.  More often than not it is because they are way overpriced.

Apr 18, 2018 05:44 AM #7
Rainmaker
2,109,814
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Unfortunately we live in a greedy world and most people try to get all that they can, even if it means taking advantage of someone else.

Apr 18, 2018 07:28 AM #8
Rainmaker
2,966,446
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Good morning,  Sally and David - Ahh, yes the cycle of life in real estate.   Round and around.  What a ride!

Apr 18, 2018 07:43 AM #9
Rainmaker
1,066,804
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Excellent points, Sally.  I think we all long for the time the market stabilizes.  I certainly do and I'm not in the market to sell or buy but I feel for those who are.

Apr 18, 2018 08:01 AM #10
Ambassador
3,551,740
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sally and David in both Seller's and Buyer's Markets each tries t take advantage of the other.  Fairness does not seem to be much of a concern

Apr 18, 2018 09:20 AM #11
Rainmaker
2,735,006
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Sally and David, funny how we all remember the different years and all the ups and downs in our buisness.

 

Apr 18, 2018 12:19 PM #12
Ambassador
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Sally and David- even in thinventory, buyers need to see the value in what they are buying and that includes having your home in good condition. 

Apr 18, 2018 06:38 PM #13
Ambassador
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Those of us who have witnessed this phenomenon over and over just shake our heads Sally K. & David L. Hanson 

Apr 18, 2018 08:29 PM #14
Rainmaker
2,856,322
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sally & David I am a firm believer what goes around comes around and I hope to see those agents and sellers at the other side of the circle of Real Estate, Endre

Apr 18, 2018 11:16 PM #15
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Great thoughts on a crazy market and I agree with your every point, Sistah!

As for going up & coming down - I'd be happy with simple balance - I cannot WAIT! The frenzy is killing me! LOL

Tonight I showed a new listing to someone who couldn't see it any earlier today than 6PM. Met them, they loved it, found out there were ALREADY other Offers on the table and the seller wanted all Offers by 11PM. We strategized and submitted ours...foregoing dinner and time with our families (buyers and me, all) and about 5 minutes ago, found out we won!

I'd say the time spent strategizing and skipping dinner paid off - who needs dinner anyway, right?! LOL  

May 17, 2018 09:01 PM #16
Rainmaker
2,881,348
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Just wote an offer OVER Dinner....that's how you do it Debe Maxwell, CRS   1

May 17, 2018 09:07 PM #17
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

LOL can't talk on the phone, reviewing what we're submitting, typing and eat at the same time! I'm not nearly as talented as you, Sistah! 

May 17, 2018 09:30 PM #18
Rainmaker
2,881,348
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Skip the talking get right to the "meat" of the transaction !

May 18, 2018 03:38 AM #19
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Rainmaker
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Sally K. & David L. Hanson

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