Saturday, March 5, 2011

What's in the water??

Something must be in the water. I'm averaging at least two calls a day. Some of those are tire kickers, but some are actually turning into actual leads.

Having said this, I totally understand the recent pick up. Rates are low, prices are lower, and there is still great loan programs out there. My buyers, more than ever, are really enjoying this market. They have so much to choose from, and they have the upper hand in negotiating. Due to the high volume of listings, sellers are having to become more competitive on pricing. Some of those sellers don't have this option of being competitive, they owe what they owe and must sale for one reason or another. Unfortunately these sellers will most likely not realize a sale. I happen to be one of those sellers. I owe more than what the market says my house is worth. In my price range you can find so much out there, some newer, some bigger. This really hurts the comps on my home. I'll most likely be dropping the price soon.

All in all, the market has a burst of energy and I hope it sticks around. If you are anywhere ready to buy, I suggest sooner than later!