As a real estate professional, I often get asked "How's the market?"
I've been struggling with what to say for the last two years. I could be optimistic and say that it is great. But for many people it is not a great market. There are people who can't afford their homes and are forced to do a Short Sale or go through foreclosure. But it's also not a bad market either. There are great opportunities for buyer's sellers and investors in this market.
On Thursday I listened to a coaching call with Keller Williams MAPS coach Tony DiCello who described our market saying that "This is a market of opportunity." Wow! It is a very simple and accurate statement.
Home prices are much lower and dropping. Interest rates are low and may still go lower. Inventory is up with plenty to choose from. Investors and home buyers have an incredible opportunity right now. This is a buyers market but sellers have a great opportunity now also. Sellers may be selling for less than they would have three years ago but they make up for it when they buy their next home for pennies on the dollar.
So please join me in describing our market as The Market Of Opportunity.
P.S. If you or someone you know is thinking about selling, buying or investing in real estate please call me at 609-338-3773 so that I can help you or the people you care about take advantage of the opportunities in this market.