Tuesday, May 6, 2008

Why are sellers so impatient?

This is a very challenging time for sellers. They had a great ride there for a while back in 2002 - 2005 times were great. Many, many real estate investors were born. Even sellers who had not considered selling their homes jumped on the wagon and made huge profits in getting there homes sold.

The real estate market just like anything else is a cycle. Whatever goes up, must come down. And down is where it seems to be heading. We should consider ourselves lucky here at the Jersey Shore because our area is most definitely not experiencing the same downward spiral many other areas are like Florida, California and Nevada.

The market here is not the strongest but at least buyers are now out looking. Sellers need to realize that price is important. Buyers are looking for a good deal because most know the market could still drop a little further. Why are sellers so anxious and opposed to reducing their prices of homes for a sale? If a home is not moving no matter how many open houses, advertising, marketing, even showings a listing could have, the reasons are most always the price. The location and condition are important but PRICE to sell is a big deal.

SELLERS NEED TO STOP BLAMING THE REAL ESTATE PROFESSIONALS FOR NOT DOING A GOOD JOB. SELLERS NEED TO WORK MORE THAN EVER WITH AGENTS TO GET THEIR HOMES SOLD. SELLERS NEED TO UNDERSTAND PRICING THE HOME TO SELL IN THE BEGINNING IS THE BEST WAY TO GENERATE AN OFFER ASAP. SELLERS THAT TRULY WISH TO MOVE ON SHOULD REALIZE THAT FOR WHAT THEY MAY NOT REAP IN THEIR SALE THEY WILL MAKE IT UP IN A BUY.

While housing affordability in New Jersey has improved over the last year, home sales remain weak due to a variety of factors including tighter lending standards and low confidence in home prices. Adding to these housing troubles is growing concern about job security as the economy shows increasing signs of weakness.

No one has a crystal ball in this market but ending on a positive note, if you can make the move the interest rates and price points overall it is a good time to purchase a home.

4 comments:

internationalrealestate said...

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internationalrealestate said...

This is good information. Great post regarding real estate. Thanks for this.

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Patrick said...

I admit, I have not been on this real estate blog in a long time… however it was another joy to see it is such an important topic and ignored by so many, even professionals. I thank you to help making people more aware of possible issues. Great stuff as usual….

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pjeary said...

I appreciate this post. Very interesting Real estate blog. Hope it will always be alive! Thanks for this

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