At a Realtor Meeting almost a year ago we were asked if we were counting distressed sales in our Comparative Market Analysis. No one raised a hand to indicate that they were doing that. Yesterday the same group of Realtors was asked the identical question. Every Realtor in the group raised their hands.
Amazing what a year can do. In a neighborhood where I have an adorable listing, of the seven actives one is a Short Sale and two others are Bank Owned. Say it isn't so !But yes we just did a price adjustment. No Listing Agent likes this situation but the point is not to just list the home!
The point is to sell it !
Sellers are getting their prices in alignment and have fingers crossed hoping we are near the bottom. The main point to remember is even when the market comes back it will be that Pre - Ivan slow dependable rate that has always made owning a home a good long term investment.
NOW IS THE PERFECT TIME TO BUY!
Comments(0)