Have you seen the new trend HOME SELLERS wrecking their own sales?

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

There is a new trend and it is puzzling. Here in the Manchester NH area Real Estate Market. I am seeing a mix of sales going down the drain. Some from the start. Some during and some killing the sale while it is under contract. 

 

HOW WILL THIS AFFECT SALES PRICES? Typically you would think that when interest rates rise, values start to decrease. However nothing is typical with our market or market forces. Look for Real Estate prices to continue a slight increase into 2022. Lets look at the market forces. We still have more Buyers than there are sellers. We have a roaring economy within the State of NH. No income or sales tax is spurring new and expanding businesses. Perhaps the leading factor of a lack of homes for sales, is Home Sellers who say they can not sell as they do not have a place to go. The balance of those home owners staying they would not move say it is based on the instability of the virus and politics.

 

WHAT DOES ALL THIS MEAN? If you are looking to buy a home. It means buying now will get you more home for a lower monthly payment. I can help with that. If you are looking to sell your home. It makes now the time to sell. When interest rates start to rise, there is no doubt it will decrease the amount of buyers looking. If you need to buy a home in order to sell a home, I can help with that. 

 

 

 

THE MORAL OF THE STORY is that for you to know that all agents are not created equal and every consumer should take the time to hire the BEST not just the biggest agent. Let me show you there is a difference. Please Support locally owned and operated business. Locally owned and operated since 1985.

 

One of the most important thing in Real Estate for me is provide GREAT SERVICE. I want to stand out from the crowd. My philosophy is simple. To provide more personal and professional service to guide my clients through each step of the selling and buying process. Experience matters.

 

 

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 35 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area. We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

 

 

Comments (10)

Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Scott you are so spot on with this post, I am constantly managing the expectations of my sellers and talk them out of torpedoing the deals.... now keep in mind here in the greater Los Angeles area I am competing with actors, actresses who can not sell but think they can by being charming:))Endre

Dec 21, 2021 09:08 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Scott. When you have a bad seller you have a bad seller. Your job, which you do well, is to protect them from themselves. Enjoy your day.

Dec 22, 2021 04:36 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Scott- It has to be hard deciding to sell then realizing when you do you may not be able to find a new home . Add in uncertainty and I guess some decide to stay where they are 

Dec 22, 2021 04:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Scott... all I can say is thank heavens this is not something I've experienced in the past couple of years.

Dec 22, 2021 04:50 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

First of all, I love your photo. It looks like such a peaceful spot!

As for real estate, there are all sorts of concerns by sellers and buyers - those in Manchester NH should call you!

Dec 22, 2021 05:27 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

The harsh reality for sellers is not knowing where they are going.  It's as though that needs to be resolved before they sell their current

Dec 22, 2021 08:50 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

People can sometimes complicate things in their minds and focus on gloom and doom. It is common in my market for the seller to rent back for 60 days after the close. That is typically enough time to find a replacement home.

It boggles my mind knowing so many people fear a virus and politics. We are certainly experiencing some interesting times and witnessing the impact it has on so many.

Dec 22, 2021 09:04 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

FEATURED IN CRAP-TACULAR

 

Mr. Crappy Says

Flush the Fear!

💩💩

💩

 

Dec 22, 2021 09:05 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Scott Godzyk I have not noticed Sellers tanking transactions on purpose around hear.  But that is not to say that trend will not make its way down to us.

Dec 22, 2021 11:47 AM
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

I haven't seen this happening here Scott, at least not yet.  I have seen buyers get buyers remorse, probably thinking they overbid, only to realize buying another home will cost more.

Dec 22, 2021 08:09 PM