I Want My Computer!
It sucks not having a computer at your fingertips at all times. I sent many years without one and now I can't remember a time when I didn't have one. Anyway, you all know my computer died a few weeks ago. Dell asures me a new one will be here next week. Actually they sent a new one but it was so big it was like having a desktop so I asked for a smaller one. Why am I mentioning this you ask? Because it makes it hard for me to post on my blog on a regular basis so forgive me if I go several days without anything new.
I was at a commnity event last night and someone asked me if the housing market was taking a dive. No, the housing market isn't taking a dive, it's simply coming up for air. Here's what's happening and what it means to you if you're planning on buying or selling a home in the coming months. Quite frankly, sellers have enjoyed the party too long. Pricing houses to levels that have been unbelievable has taken its toll on buyers and buyers are now saying, I'm not paying that for that. The market is leveling off a bit and getting to the level that it should be. The truth is, a good house, priced right will sell in no time. A good house priced too high will sit for a while and as we get into the holidays and the winter months, that house will sit even longer. What does it mean to sellers? Price your house to sell! Do a little work on it to improve the value (don't do too much) but price it to move if you need a quick sale. If you can afford to wait, expect that it may sit 3-4 months if it's priced too high. The market will tell you fairly quickly how much your house is worth (it's worth what someone will pay).
Now, what does this all mean for buyers? More choices! You have more inventory and more houses to look at and you have greater opportunities to stay within your budget. Think about what you need, what you want, and what you wish you could have in a house. If you have a list that has 10 things on it and you get seven, that's pretty good. Buy it! It may be there next week, it may not be and if it isn't you'll kick yourself for losing it and you'll compare everything else to it. I've said it before. Be ready to buy if you're thinking about it. Get your pre-approval from your lender. Think about what you want and what neighborhoods, call me and begin your search. If you need help finding a lender, give me a call.
The new head of the Feds thinks the market is still good too so that's good news. Owning a home is the American Dream. Live it!
Have a great Halloween, be safe and don't eat too many treats.
I was at a commnity event last night and someone asked me if the housing market was taking a dive. No, the housing market isn't taking a dive, it's simply coming up for air. Here's what's happening and what it means to you if you're planning on buying or selling a home in the coming months. Quite frankly, sellers have enjoyed the party too long. Pricing houses to levels that have been unbelievable has taken its toll on buyers and buyers are now saying, I'm not paying that for that. The market is leveling off a bit and getting to the level that it should be. The truth is, a good house, priced right will sell in no time. A good house priced too high will sit for a while and as we get into the holidays and the winter months, that house will sit even longer. What does it mean to sellers? Price your house to sell! Do a little work on it to improve the value (don't do too much) but price it to move if you need a quick sale. If you can afford to wait, expect that it may sit 3-4 months if it's priced too high. The market will tell you fairly quickly how much your house is worth (it's worth what someone will pay).
Now, what does this all mean for buyers? More choices! You have more inventory and more houses to look at and you have greater opportunities to stay within your budget. Think about what you need, what you want, and what you wish you could have in a house. If you have a list that has 10 things on it and you get seven, that's pretty good. Buy it! It may be there next week, it may not be and if it isn't you'll kick yourself for losing it and you'll compare everything else to it. I've said it before. Be ready to buy if you're thinking about it. Get your pre-approval from your lender. Think about what you want and what neighborhoods, call me and begin your search. If you need help finding a lender, give me a call.
The new head of the Feds thinks the market is still good too so that's good news. Owning a home is the American Dream. Live it!
Have a great Halloween, be safe and don't eat too many treats.
posted by Real Estate Girl @ 12:10 PM
2 Comments:
At 3:58 PM,
Anonymous said…
The market has slowed down, but it is still strong. it is taking a little longer for houses to sell, but big deal. Used to be a week, now thirteen days. Still loads of folks looking to buy and they just need to start making offers on houses!
At 11:06 AM,
Anonymous said…
I wish it were only 13 days! My experience has been two months, dropping the price twice, and still no offers! Hopefully positive economic news put out yesterday bolsters buyers' confidence!
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