It's a BUYER'S Market
What an incredible time. Lenders are closing their doors or laying off 1,000's of workers. Home builders are cutting back or closing their doors. Realtors are leaving the business in record numbers - some say that less than half of us will be left when this is all over. Homeowners are walking away from their homes, the media harps constantly on the economy and the problems, state, local and federal governments are wringing their hands and EVERYONE is looking on where to place the blame. What a great time to be a buyer! Yes, the market may dip a little lower but the fear that home seller's have that they won't find a buyer may make some of them take offers that will go way beyond any further correction. And, buyers who are buying for the long term will have just that much more time to enjoy their new home, that much more time to enjoy the tax benefits and maybe even to have that new home paid off that much sooner.
True, it is a difficult landscape to navigate through, but the Short Sales, Pre-Foreclosures, Foreclosures, new home offers and all of the offers being made by home sellers offer so many attractive opportunities that new buyers may never see anything like it again.
For sellers, it is a challenge and most are not used to having to market in a competitive environment. But for those who have to sell, the opportunities are still there, provided that the experts they employ are truly expert. Proper preparation and aggressive marketing are every bit as important as price in bringing a property to market. Emotion won't get you a buyer, but hard work, careful planning and attention to detail will.