What is Happening to "The Market"?
How's Business is the most common question I am asked anymore, along with How's the Market? My answer is that the Real Estate Business is still good. Yes, we are not selling at record prices on a regular basis and Homes are not flying off the market in a few days the way they did over the past 5 years, but they are still selling.
There is a much larger inventory of homes on the market than there has been for years, but people still want to move - they keep putting homes up for sale and will probably need to buy another home. This is a Great Time for anyone that is looking to Buy. Sellers, due to the inventory, are needing to be more competative by pricing their homes more aggresively, making repairs and updates, staging their homes to appeal to the Buyers Eye and removing any clutter so the Buyer can picture how they will use each room.
Yes, it is a Great Time to Buy!! Interest Rates are still low and could move lower, depending on what the Fed does. What we seem to have is a Log Jam. People want to Sell their homes, otherwise they wouldn't put them on the Market. These people that are selling will need to Buy, or Rent a new home and should find some great deals out there. It's just a matter of not being afraid to pull the trigger. We have all been listening too much to the Media and are starting to believe"The Sky is Falling". If we all believe that, it is possible it could happen. The Glass isn't Half Empty - it is Half Full - so take advantage of this situation if you can.
For the people that are Selling: No, we are not getting Record Sale Prices like we have seen over the past 4 or 5 years, but usually what ever you have to do to sell your home, you will find you will make-up for on your Purchase with a better price, better or bigger home, or just more to choose from which you will benefit from in the long run.
What's happening to the Market? It seems to be a Correction instead of Recession. Lake County Illinois is still a good place to Buy, Sell and Live in and the Market isn't as bad as it is in other parts of the Country. Face it, we will always need Food and a Place to Live, so Real Estate will continue to Sell, just maybe not at the speed it has in the past few years, but it will Sell.
How's the Market? GOOD, if you can take advantage of it!!!
There is a much larger inventory of homes on the market than there has been for years, but people still want to move - they keep putting homes up for sale and will probably need to buy another home. This is a Great Time for anyone that is looking to Buy. Sellers, due to the inventory, are needing to be more competative by pricing their homes more aggresively, making repairs and updates, staging their homes to appeal to the Buyers Eye and removing any clutter so the Buyer can picture how they will use each room.
Yes, it is a Great Time to Buy!! Interest Rates are still low and could move lower, depending on what the Fed does. What we seem to have is a Log Jam. People want to Sell their homes, otherwise they wouldn't put them on the Market. These people that are selling will need to Buy, or Rent a new home and should find some great deals out there. It's just a matter of not being afraid to pull the trigger. We have all been listening too much to the Media and are starting to believe"The Sky is Falling". If we all believe that, it is possible it could happen. The Glass isn't Half Empty - it is Half Full - so take advantage of this situation if you can.
For the people that are Selling: No, we are not getting Record Sale Prices like we have seen over the past 4 or 5 years, but usually what ever you have to do to sell your home, you will find you will make-up for on your Purchase with a better price, better or bigger home, or just more to choose from which you will benefit from in the long run.
What's happening to the Market? It seems to be a Correction instead of Recession. Lake County Illinois is still a good place to Buy, Sell and Live in and the Market isn't as bad as it is in other parts of the Country. Face it, we will always need Food and a Place to Live, so Real Estate will continue to Sell, just maybe not at the speed it has in the past few years, but it will Sell.
How's the Market? GOOD, if you can take advantage of it!!!
posted by SoldByWallen-Bob Wallen at 12:48 PM
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