THOUGH WE ARE SEEING SOME IMPROVEMENT in the market, i.e. more sales and more activity in general, it is still very much a buyer's market. Even in situations where buyers are competing for entry level properties, they are competing for these properties at a much lower price point than was the case two years ago. The competing offers act to drive up the selling price to a degree, but still not where an owner would consider it top dollar for his/her property. Granted, a certain percentage of these properties are short sales or foreclosures. The majority however, are not. It's possible of course that the owners are facing financial troubles and are therefor willing to price their properties in such a way as to give them the best chance to get it sold in this market.

No comments:

Post a Comment