Thursday, May 31, 2012

Where have all the sellers gone?

Things are looking up. Slowly, slowly the economic recovery is happening. In the real estate market, if you are a buyer or a seller, you are on a tight-rope of timing.

If you are buying, you better not blink when you spot a home you think could be the one. Inventory is very low and we are once again seeing multiple offers, some above asking.  The market has been impacted by the lowest sustained interest rates in history-a particular boon for qualified, first time home buyers with nothing to sell, and the ability to make an offer quickly. See it~ like it ~sold!

Sellers are still experiencing the frustration of lower than ideal values for their homes. This is making folks on the edge of wanting to list, reluctant. They keep hoping that waiting just a bit longer to list will bring the price up to acceptable levels, which is slowing the process of new properties entering the market, which creates a shortage of inventory and well...so it goes.

In all the changes, one thing remains the same and that is the benefit of hiring a REALTOR. This professional is constantly updating his or her tool box, keeping an eye on market conditions and thinking creatively about getting you what you need as a buyer or seller.

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