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You ultimately need to make money on your investment, of course, but there will be a variety of situ ... - Jeanette Joy Fisher |
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Brief rundown on the Dubai property market following a visit to see what was on offer - Diarmaid Condon |
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See how you can use distressed properties as part of your invstment strategy! - Tony Seruga, Yolanda Seruga and Yolanda Bishop of Maverick Real Estate Investments, Inc. |
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On the surface, it may seem there are lots of Realtors to choose from. But just because there are lo ... - Christine Hancock |
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If you're thinking of becoming a landlord, or investing in Real Estate, here are the basic beginning ... - Cecilia Sherrard |
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Truth be known, many home buyers err on the side of emotion. In their excitement, they overlook aspe ... - Brandon Cornett |
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In fact, the tourists and residents in that area can easily utilize the wonderful sand and surf to g ... - Rashme Wong |
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Real estate agency laws vary from state-to-state, but the principles are for the most part universal ... - Michael McClure |
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So here in Laguna Niguel, and South Orange county, there has been a big hint pointing that we're in a buyer's market. Not a problem, markets are cyclic.
The problem comes when the buyer who is in the drivers seat (as is the definition of a buyers market) decides that all homes are overpriced by 10 to 15%. ALL HOMES? Really this has to be taken on a case by case basis. Otherwise a slippery slope quickly presents itself, giving the buyer all kinds of opportunity to slide down it.
Ok, so my buyer is sliding down the slippery slope of frustration when all these home sellers he expects to be over priced reject his offers. This is where it becomes my turn to say, do you mind going back over some of the facts of the market. While the newspaper may say that homes are 10 to 15% overpriced, does that mean that if you lowball the seller 10 to 15% and then some, that they will except the offer? NAAAH.
It means that since you're dealing in statistics, that you have painted a picture with a very wide brush. It takes no account for the individual cases properties, buyers or sellers involved.
I keep coming back to this, the most important thing that agents can and should blog about is the status of the market. Otherwise the loudest voice they hear comes from the newspapers and mass media, which just have more presence that you do when it comes to your client's time. |
| Author: Rory |
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Author Bio:
For more information on Laguna Niguel Real Estate, visit Laguna Niguel Real Estate |
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