Can you feel it?
Not sure if buyers and sellers alike are starting to recognize it yet but I can tell you the market is starting to wake up. Activity on listings is starting to pick up as showings have increased over the past week and a half and dare I say it. I even heard talk of bidding wars on some recently listed homes! If this the same black cloud market the national press is talking about, not here, not now. The Philadelphia Inquirer did a story on the Delco market and touched bidding wars and hot open houses right here in Media.
Don't get me wrong Mr./Mrs. Seller, Home Buyers still have the upper hand as the inventory will need time to even out but do realize this the market is not going to bear over priced homes even in the best condition. If you feel your home is the "best on the block" you need to do is price your home right at or even below recent home sales and then list your property and see what happens. If the buyers agree you may just find yourself in the middle of a bidding war for your home and if the buyers don't show you may need to think about the price, condition, and location and see if it is priced right.
Buyers are out there and they all want a deal. The combination of the right price, condition and location for a buyer may just be right for a great deal.
Happy Buying and Selling
All the best
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved
Post a comment
Temporarily disabled — coming soon!