The Changing Market
It has become difficult to avoid the negative side of economic news today, especially with the media taking their usual delight in finding new ways to shock the readership. Reality is however that the stock markets have experienced major turbulence over the last few months forcing governments around the globe into lowering interest rates and supporting industries with massive injections of capital. Efforts to maintain stability and keep employment at acceptable levels are umprecedented. Economists believe the recovery may not be as far off as the media would suggest.
So, where does this leave consumer sentiment? It is very difficult for consumers to make decisions in a market with uncertainty. There appears to be a waiting game as the economy struggles to improve, even though we know how "timing the market" is extremely difficult.
So what does this all mean in the Real Estate business? If I am a home buyer is now a good time to buy? Should I sell now? What if I have to sell? Are prices going down? Is there opportunity in todays market to move up? Who can provide this kind of professional advice in your Real Estate market? Regardless of the market conditions, experienced, professional Realtors are the true experts in Real Estate.
Is now a good time to buy? For most home buyers the decision to buy is a long term decision, and the value of homes long term increase. This is a buyer's market, yes. Do most consumers know where the best values are? No.
Selling in a tough market requires marketing expertise. When your home is for sale not only must a professional Realtor find the price point where buyers are interested in the property, but also the Realtor must properly market your home to potential buyers. This includes print and internet media exposure. After all, over 80% of buyers search online for 30 days before contacting a Realtor.
For quality advice and service, please do not hesitate to contact me.