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Friday, May 26, 2006

Rates Rise, Fall, and Buyers are Still NervousI!


Seems like the interest rates fluctuate with the tide these days. Seems like everyone is nervous, but life must go on! People have lives to live. If you must sell because of a new job or a move, set the price reasonably competetively and sell. If you must buy, make a reasonable offer. Looks like most homes here have been selling for about 95% of the list price. Home prices have settled a bit so it is time to move on with buying and selling.

Folks always get so uptight when involved in any real estate transaction. It is a serious investment or divestment but come on, let me be the one to ease the burdens associated with real estate. Actually, it is the job on any real estate agent you employ to lead you through the process. I am not saying to blindly go along with everything but rather to seek the counsel of a professional Realtor with a reputation for solid service. As it has been said before.... "trust but verify."

Tuesday, May 16, 2006

Buyers Maintain Advantage

As we approach the Memorial Day weekend, buyers continue to maintain the advantage in this market. Listings are plentiful, choices boundless! It is amazing to see the reaction of sellers to the market. I see the dreamers who still have their homes listed way above any practical price, sellers listing at an appropriately competitive price, and even the bargains out there. I even have a couple of them listed myself, bargains that is!

The only(?) negative in this market is the fluctuation in interest rates, mostly creeping up in small increments. Okay, the interest rates are not the only negative issue. Excess inventory is seen as a negative by sellers. I guess negativity is in the eyes of the beholder. Regardless, I am extremely positive. Positive because the correction of this market was inevitable. It could not continue as it has in the past few years. Folks were being priced out of the market.

Oh well, you can not please all..... only yourself.

Wednesday, May 03, 2006

Where Has Patience Gone?

Seems like everyone, especially sellers, is getting a little nervous in this market. Prices have leveled, interest rates have risen, inventory has climbed, and sellers have gotten nervous. Just as it has always been and will forever be..... properties priced correctly will sell. Period. Exclamation mark!

I have seen it all in the last month. Sellers jumping to new Realtors because the home did not sell. Buyers backing out of contracts for no reason. Folks listed with "discounters" holding their own open houses and then complaining because the Realtor only put the house in the MLS service. Showings continue to happen without offers. All indicative of the inventory and competition in the market.

This market puts even more pressure on the real estate agent. Direct mailing, open houses, internet marketing, flyers, and anything that can (or possibly) work. I say, be optimistic, as we are now in May and I truly believe the real estate market in Brevard County is a May to September market! Sellers, hang in there! Buyers, get out there and find that bargain!

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