A Buyer's Market....What That Really Means!

By
Real Estate Agent with Keller Williams Realty

I am sure you have heard from the media and other real estate professionals that we are in a buyers market.  What you have been hearing is true!  In fact real estate really is a tale of two markets.... A seller's Market (which we were in as recently as a few years ago) and a Buyer's Market (which we have shifted into now).  Real Estate and more specifically housing has become a commodity, much like going out to buy a computer or t.v.  There is such an incredible amount of inventory that buyers are "shopping" the market to find the best value, or in other words the most house for the least amount of money.

Contrary to what the media is saying, homes are selling!  The homes that are selling are the ones priced in the lower 3rd of their competition and the top 3rd in condition.  The homes that fit this criteria are selling and selling fast!  You buyers that are waiting for the market to bottom out may be missing out on the best opportunity to buy.  Even if the market and home prices fall the interest rates are inching back up.  Even with the Fed cutting rates we are not seeing it reflected in the mortgage rates.  Therefore, now is the time to buy!  Click here to see some different scenarios on what your mortgage payment will be if prices fall and interest rates rise. 

More real esatate information at http://blakesellsga.com

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Rainmaker
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Marc Baysek
Iron Horse Properties, LLC - Rockingham, NC
Iron Horse Properties

Buyer's market means price it right!!!!

May 29, 2008 03:19 AM #1
Ambassador
606,408
Brian Schulman
Coldwell Banker Residential Brokerage, Lancaster PA - Lancaster, PA
Lancaster County PA RealEstate Expert 717-951-5552

Blake, buyers are more demanding now because they know that there is a lot of competition and choices.  Sellers need to be especially competitive now if they are serious about selling.

May 29, 2008 03:23 AM #2
Rainer
17,812
Janis Trent
Realty USA Southwest, Inc - Phoenix, AZ

Right Price and Excellent condition is what I have been telling the sellers.  Realistic figures.

 

May 29, 2008 03:33 AM #3
Rainer
17,000
.... ...
.... - Mauldin, SC

Great post! If you price it right it will sell, even in a buyers market.

May 29, 2008 03:52 AM #4
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Rainer
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Blake Wyatt

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