We all know that the economy was severely damaged by the way everything was handled with the banks and all the foreclosures going on everywhere but I noticed a change in the last few weeks with the amount of buyers that have been contacting me to look and start buying houses again. The buyers are finally comfortable with coming out to see houses again and banks are finally giving out the loans more freely now too! It will take about a year or more to get out of this economic crisis is what everyone is predicting and has been predicting for montths now. I am seeing a slight difference with the buyers side of it. The homeowners are still hesitant though to list and still think their house is worth more than we show them its worth. The sellers are still in denial and trying to sell their homes on their own and wasting more time than necessary and with all the foreclosures going on you would think they would want the Real Estate to step in to speed up the process of selling their house but homeowners still won't budge. Anyone have any advice on how to crack the ice with the homeowners and easing their mind about listing their house and getting them to believe the value of their house is really as low as we say?
Coldwell Banker Ellison Realty 352-209-4044 - Ocala, FL
Realtor, Homes, Farms & 55+
One things for sure Debbie, it has nothing to do with the snow...or maybe it does because many of the buyers I'm dealing with here are saying "Not another winter like that, sell and move south!"...Got any referrals? LOL
Feb 19, 2009 11:02 AM
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth
Hi Debbie. Great point you make. It is a balance between buyers gaining in confidence and sellers being realistic.
Feb 19, 2009 11:32 AM
Internet Marketing Consultant to REALTORS® - Yorba Linda, CA
Coached By Crouch
The buyers are finally comfortable with coming out to see houses again
Glad to hear your report! I've recently heard positive comments about increasing activity in Orlando, Sacramento and Washington, DC. The numbers of first time home buyers are increasing. Plus, investors are coming back. I'm cautiously optimistic about 2009.
Feb 19, 2009 11:40 AM
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
Debbie, hopefully more will come out when this stimulus kicks in to full swing.
Feb 19, 2009 11:46 AM
DeSoto Home Inspection Services - Memphis, TN
Certified Master Inspector
Around here it is a buyers market. I see For Sale sings on every street I go up and down.
Feb 19, 2009 12:01 PM
Sutton Group-Associates Realty Inc., Brokerage - Toronto, ON
Broker, Toronto Real Estate
Debbie, showing them the recent sales in the neighbourhood; and even showing them some houses that have been on the market forever, and have not sold - will give them an idea of 'value'.
If I have a seller who is not realistic about their price, I always show them something that 'stale' (not selling), and several recent sales ... and if that doesn't work, I will agree to list for a bit more (not a lot more); as long as they agree that I will not spend any money on advertising/marketing the property, until they reduce to market value (usually within a couple of weeks, they will be asking me to lower the price, when there are no showings).
It's definitely a buyers' market... and if sellers can't afford to wait for a sellers' market, then they need to be realistic. Good luck.
Feb 19, 2009 01:11 PM
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