7th
Is it a buyer's market or a seller's market now?
Posted by How To Get Organized, in how to declutterI am gonna take the winter to clean out my house and declutter to prepare for selling my house for Spring 2008.
What is the market like now? Trying to figure out if it is gonna be a loss for me to do this?
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April 7th, 2010 at 10:22 pm
With all of the foreclosures going on now, and the mortgage companies trying to unload the houses they have taken back, it is certainly a buyers market.
If you can hold off on selling your House for another year, you will get in all probability, a lot more for the property.
April 7th, 2010 at 10:22 pm
It is a buyer’s market but the buyers must have funding or good credit.
Houses are taking longer to sell than normal and are declining in value over the last few years.
April 7th, 2010 at 10:22 pm
Buying market
April 7th, 2010 at 10:22 pm
hi there, actually i’m thinking of buying a house of my own, it’s really a seller’s market nowadays, prices are high up in the ceilings. i say sell now, as soon as conviniently possible
April 7th, 2010 at 10:22 pm
In most areas of the country it’s a buyer’s market now. Some areas are the opposite, but mostly it’s a buyer’s market.
Have your Realtor do a market analysis for you to show you how houses are selling in your area (comparable prices of houses sold, days on the market, etc.)
April 7th, 2010 at 10:22 pm
As mentioned above, in most places it is a buyers market, but to gage the situation in your particular area, you may just want to take to some real estate agent (that you trust), and ask them what the turnover in your particular area is.
April 7th, 2010 at 10:22 pm
What a good question, and one I will LOVE to answer for you. You know, the media has done everything in its power to turn the market into what people are calling a buyers market. Being in the real estate business myself, I would have to agree. But that isn’t always a bad thing.
Being a seller in a buyer’s market will force you to think outside of the box and come up with some incentives and freaky marketing that will get your house noticed.
While it may be true that it’s a buyer’s market, it doesn’t mean that people quit having children, getting married, retiring, or relocating. It is your job as a seller to locate those prospects and sell them your house.
Also, chose your asking price carefully. Don’t get stuck in the year 2004 – 2005 when you could ask top dollar for your home and expect to get multiple offers. Be fair. Ask the help of a professional.
A pretty cool resource for you to use for maximum exposure for only 3% commission is http://www.iggyshouse.com. I love that site and use it on properties that I buy and sell.
I’m about to head out into the buyer’s market and tackle some of my own challenges. Check out our website at http://www.rollinrealestatetour.com
Good Luck with the Sale!!
April 7th, 2010 at 10:22 pm
buyers mkt……………………
April 7th, 2010 at 10:22 pm
Everyone has answered one portion of your question, and it seems to me that in most areas it is a buyers market. Seattle and Texas may be example that don’t hold to that idea.
So will it be a loss? You don’t have to sell for a loss, thats for sure. I would get a market analysis done on your home. Compare it to recent sales in other areas. You can also look at http://www.trulia.com/ to see what homes around yours are selling for, its on a cool map to… Read up on tips for making your home sell more easily, like removing some furniture to create an open feel.