Realty Blog

With today's changing market we all had to bend alittle. Sellers are giving more to Buyers to sell their properties. Buyers are expecting more from the Sellers. The Sellers expect the Realtors to lower the sale commissions. The Buyers are submitting even lower offers to get a good deal. The Buyers are buying into an unstable market where who knows what the property is going to be worth in another year.

When we were at the top of the market, the hurricanes hit and knocked out power for 2-4 weeks. No one was able to do business. Then the holidays came which brought in a traditionally slow time of the year for homes sales.

Real Estate stopped dead in its tracks for 3 months, this stimulated a fast drop in home prices and quickly changed from a Sellers Market to a Buyers Market.

The market has leveled out to the point where prices have finally come back to the point it was before the fast escalation in home prices started back in 2003-2004.

The real estate market has corrected itself with Sellers lowering their prices to stimulate sales. The Buyers are coming out of the woodwork because of lower homes prices, lowered insurance rates and a somewhat cap on property taxes.

THE HOMES ARE RIPE FOR THE PICKING TO BUY AT REASONABLE PRICES.

Roger Holden, Realtor, ePRO