Thursday, October 12, 2006
Are home buyers really gaining more clout?
In a recent article on MSNBC "Home buyers seen gaining more clout" by Gayle Ronan the author makes several points about the current state of real estate.
1. The real estate market is made up of many micro markets.
1. The real estate market is made up of many micro markets.
- This is a grea point for all buyers, sellers, & realtors to consider. Each market is different. In some areas of the country right now, such as Dallas, it is more of a sellers market.
- Information on real estate markets is not centralized like the stock market. Real estate professionals and real estate websites tend to have the most up to date information.
- Some statistics that are good for buyers & sellers to both look at are as follows:
- DOM - Days on Market - How long a property has been on the market
- Average DOM - You will want to know how long on average a home stays on the market prior to an offer being accepted.
- Average % of Sales price - What the average discount is on homes in a certain area. In some areas of the country buyers are not getting any discounts. If it is a market where both buyers and sellers are freely negotiating discounts average between 1 & 3% of the sales price.
2. Builders giving concessions is not the sign of a buyers market
- Builders do 1 thing, they build. In order not to drop the price of their properties and hurt the customers they just sold homes to they offer incentives. If buyers are in an area where there is new construction available they should take advantage of these.
- The author makes a point that not all real estate agents are going to disclose if they are receiving extra benefits from the builder. This is true and buyers should ask their buying agents if there are any additional incentives for the agent showing them the properties. The vast majority of agents will have no problem explaining what they receive from the builder.
3. Motivated & realistic Sellers are still selling things
- I want to thank the author for this point even if it is well into the article. This is very true. No matter what the real estate market is doing in your area there will always being someone willing to buy, it just depends on the price!
- Sellers & their agents need to price accurately so as to attract the largest pool of available buyers. Sellers can also offer incentives to help attract more buyers. In sellers who offer incentives can compete with the builders. The builders offer incentives because they work!
You can read the entire article at http://msnbc.msn.com/15116116
You be the judge of the real estate market!
Labels: buyers market, home prices, house values, Housing Market, real estate market, values of homes
Comments:
<< Home
Hey,
I mostly visits this website[url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips].[/url]www.truthaboutrealestateblog.com is filled with quality info. Let me tell you one thing guys, some time we really forget to pay attention towards our health. Let me show you one truth. Recent Scientific Research presents that closely 90% of all USA adults are either obese or overweight[url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips].[/url] Hence if you're one of these citizens, you're not alone. In fact, most of us need to lose a few pounds once in a while to get sexy and perfect six pack abs. Now next question is how you can achive quick weight loss? You can easily lose with with little effort. Some improvement in of daily activity can help us in losing weight quickly.
About me: I am blogger of [url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips]Quick weight loss tips[/url]. I am also health expert who can help you lose weight quickly. If you do not want to go under difficult training program than you may also try [url=http://www.weightrapidloss.com/acai-berry-for-quick-weight-loss]Acai Berry[/url] or [url=http://www.weightrapidloss.com/colon-cleanse-for-weight-loss]Colon Cleansing[/url] for effortless weight loss.
Post a Comment
I mostly visits this website[url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips].[/url]www.truthaboutrealestateblog.com is filled with quality info. Let me tell you one thing guys, some time we really forget to pay attention towards our health. Let me show you one truth. Recent Scientific Research presents that closely 90% of all USA adults are either obese or overweight[url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips].[/url] Hence if you're one of these citizens, you're not alone. In fact, most of us need to lose a few pounds once in a while to get sexy and perfect six pack abs. Now next question is how you can achive quick weight loss? You can easily lose with with little effort. Some improvement in of daily activity can help us in losing weight quickly.
About me: I am blogger of [url=http://www.weightrapidloss.com/lose-10-pounds-in-2-weeks-quick-weight-loss-tips]Quick weight loss tips[/url]. I am also health expert who can help you lose weight quickly. If you do not want to go under difficult training program than you may also try [url=http://www.weightrapidloss.com/acai-berry-for-quick-weight-loss]Acai Berry[/url] or [url=http://www.weightrapidloss.com/colon-cleanse-for-weight-loss]Colon Cleansing[/url] for effortless weight loss.
# posted by 
: 5:48 AM
: 5:48 AM << Home
