Pendulums swing, said Roger Miller in a song Mark remembers (not me; I'm too young). That's sure the case when it comes to the real estate market.
In all my years I don't think I've seen a buyer's market quite like this one. It's not desperate, at least not here in the Lowcountry, but among sellers it's quite active. "Should we lower the price?" "How can we stand out?"
One of my sellers recently lowered her price by almost 10% AND promised to guarantee rental income next year. She's not desperate, just opportunistic, she says. "The home has appreciated significantly over the years. Now I want to sell it. I have a different investment objective now," she says.
"Buyers pounce as homes go on the block" is the headline of
an article in today's New York Times. Yes, I think buyers are making a comeback. And many sellers are welcoming them with open arms.
Labels: auction, buyers, sellers
# posted by
Betty Poore @ 5:42 AM
