Slow Down In This Fast Market

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

The last few homes that have gone under contract this year have been not from local buyers but DC, Silver Spring, California, Pa, and New Jersey.

 

Baltimore Map

 

Our market is strong, and our prices are up but not as high as other places around the country. People see the value in our Baltimore homes, our proximity to DC, our International airport, our four seasons, our excellent choice of hospitals, health care, our Inner Harbour,  excellent restaurants, and the fact that you can get a lot more house and land in Baltimore than in the other places mentioned above.

 

Maybe this is the time to monetize your home. If you got the price you have only dreamed about in the past, would you consider putting your home on the market? There are many buyers in all price ranges that are looking for excellent properties. They are well qualified and have the finances to move quickly. 

They are getting frustrated by competition and multiple offers. Some even give up, stopping their search and moving their housing priority to other things, like travel and private education.

More buyers are ready right now, but they do not and will not compete with others. If you are thinking about selling your home at today's top prices, let's talk. 

When showing one of my recent listings, I offered the buyer's agent the opportunity to return for a second visit. They were surprised since everyone else was putting stress on putting in immediate offers.  I have always felt that you cannot buy a home on one visit. The decision is too great.

Yes, I know this is being done all the time. Multiple showings, multiple offers, multiple agents, multiple buyers going after the same property. It's easy when a home comes on the market. Everyone rushes to see it! Everyone is sure they will lose it if they wait. Is this the way you want to buy or sell your home?

 Don't be rushed into making this monumental decision?

 

Have you ever seen an owner who made a mistake and sold based on listening to the media,  the family, the friends, the neighbors?

Have you ever seen a buyer who purchased the wrong house?

 

Well, I hear the stories. Stories they are too embarrassed to admit like:

'We sold before we were ready. We were not prepared and had to compromise on our next home. We are living with family or renting, and our belongings are in storage.'

OR:

'We bought a house in a bidding war and now cannot sell our home. We might lose them both.' 

 

Money

 

We do not hear this from the media; we hear about the frenzy of the real estate market. Like everything sells at top dollar, in a few days. Hurry and get your offers in, or you will lose the house, and rates are going up, and you will be priced out of the market.

 

Please slow down

 

So you may miss a house or two. Make sure when you o buy it is the right home for you and your family situation. 

Don't give in to the panic of the market.

 

Have a plan!

How much are you willing to spend? Does the house have all the important components? Will everyone in the family have their needs met? Do you have your next home secured?

Or are you just in a hurry to sell and get the highest price?

Are you just in a hurry to buy because you think you will miss out on the market?

 

Plan Plan Plan!

Talk to your family, to the decision-makers.

Know your likes, wants, needs, and choices. 

Want to discuss your options? 

Questions about buying and selling a Baltimore Home

Call Margaret Rome

 

Margaret Rome

 

 

 

 

Comments (13)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Margaret,

We just heard from an agent, that his buyers are willing to forego an inspection, which is against his advice.  The house is older and in need of renovation...And the bank appraisals are much lower as to the amount they are willing to lend...A

May 14, 2021 02:18 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Margaret - you are doing your clients and yourself a big favor.  They will remember you as the trusted advisor not the SALES person.

May 14, 2021 02:40 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Margaret we are experiencing the same thing here.  I have a young couple who have lost out on 7 offers, and they have been offering $30,000 over asking price.

May 14, 2021 04:05 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Ron and Alexandra Seigel, That what's happening, and it's not good. Time to slow down in this fast market. Buyers are making these decisions against our advice.

May 14, 2021 07:25 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Grant Schneider,  Many of us are seeing that salesperson in this market!

May 14, 2021 07:30 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

George Souto, So much stress to buy a house right now. Glad your young couple have you to rely on!

May 14, 2021 07:33 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Margret.

Good advice that every buyer needs to read before making that decision

May 15, 2021 12:24 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Margaret! Yes out of state buyers have different perceptions and have made my market insane. LOL

May 15, 2021 08:14 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Always a pleasure to see you, James Dray 

May 15, 2021 10:13 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Rocky Dickerson, I would think that a large percent of your buyers are from out-of-state.

May 15, 2021 10:16 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

These are stressful times for many homebuyers.  I like your advice to slow down and not be rushed into what could be a bad decision, Margaret.

May 15, 2021 10:33 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

CONGRATULATIONS Margaret, on having this blog FEATURED in the Old Farts Club group!  

May 15, 2021 10:34 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Hi Myrl, Good to see you and I appreciate being featured in OFC!

May 16, 2021 08:07 AM