Recap of the our market

Recap of the our market

As agents all we here right now - OMG we need more homes to sell.  Our buyer market is incredible, however with the low inventory it is a sellers market.  What does that mean to a buyer - be prepared to pay!!!!

However difficult it is to buy right now, there are still deals to be found.  We strive on finding homes that are not even on the market yet.  People are still unaware that they can still get their defiences waived, or that their home may not be underwater anymore.  We are door knocking, sending personal letters, cold calling - truly back to the basics :)

Interesting thing - is that there are more traditional sales then ever.  However for our loan people, appraisals are still way below normal.  What this means to you is that right now buyers are paying cash above the appraisals and waiving inspections.  Keep in mind with a lender, you have conditions you need to follow when someone is loaning you money.  The difficulty is that when you are competing against cash vs loan, cash has no contingencies.

Will post more tomorrow - signing off

Ivy


Ivy Beller Headshot
Author:
Phone: 702-526-2298
Dated: March 10th 2013
Views: 676
About Ivy: Over 17 years experience in residential sales, land, multifamily and commercial. Director of sales ...

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