The inventory of homes for sale here in Utah County keeps getting smaller. For the last couple of years, all of my buyers in the $280,000 or less range, just cannot find a home to buy. The search takes longer than ever and when one does come along, there are already mulitple offers and bidding wars.
I have heard other agents complaining of the same problem, so I know this is not unique to me or my clients. I have also represented more buyers over the last few years than sellers. In the past, I would have to say it was the other way around.
I find myself pondering why this is. I know many homeowners have been upside down in their homes and selling has not been an option without losing far too much. I think that problem is slowly starting to remedy itself as the market is recovering a little at a time…at least in certain price ranges and depending on how close to the “bubble burst” they purchased their home.
I think there are people out there that do want to sell, but they think they can’t.
They may believe they are still upside down when there is a strong possibility they no longer are.
They think homes are still not selling and they fear they will sit on the market too long or not sell at all.
They think there are still too many short sales and foreclosures to compete with.
They are not aware of how many buyers are waking up now and wanting to purchase.
They are not aware that there is a great demand right now for good, clean homes.
If this is you, please give me a call. I would be happy to run a free CMA, Comparable Market Analysis, to determine the fair market value of your home at this time.
Susan L. Jackson, ABR, CRS, GRI, SFR
CENTURY 21 Busnnell
Filed under: Real Estate
— Susan @ 2:37 pm
Most of the last few buyer clients I have had are looking for homes in the range of $250,000 or less.
IT HAS BEEN HARD TO FIND THEM A HOME! Very hard!
I have been feeling a trend that things, at least in that price range, $250,000 or less, are getting harder and harder to find and that is the price range of the typical buyer.
I feel pretty confident in saying that the trend in that range right now would be considered a “Seller’s Market”.
Yep, after years of waiting out the horrible conditions that sellers have been facing, it is finally their time.
I took a listing recently that sold before it was even on the MLS. That is right, I was still working out the details of our listing agreement when, by word of mouth, a buyer came along and begged us to show them the home. I was reluctant because I wanted to give my seller time to fix it up. I got the price we wanted without the cost and time of the fix up. I couldn’t believe it. The buyer was desperate.
Please, if you have been wanting to sell but have been thinking you should wait until conditions improve, I am saying it is time; please give me a call. I need homes for my buyers. I would love to represent you and help you through the process.
I thought it only fair to update my last post.
The Branch Manager of that showing serivce called me today to apologize. She even told me what my “code” was. I am going to have to remember that code, or password, if I want to show the listings of agents that choose to use that service and for some reason, that still rubs me wrong. In my mind it is forcing me to be a member of something I would rather not be a member of. I stated my reasons in the last post.
I still believe that by forcing an agent that is not subscribed to the service to remember a code or password in order to show a listing is limiting the showability of the home!
THE LAST THING A SELLER WANTS IS TO
LIMIT THE SHOWINGS OF THEIR HOME
TO QUALIFIED BUYERS
IN ANY WAY!
However, I admire the company for taking the time to try and make right the wrong so I will re-think my stand about refusing to call that service in the future. Thank you Donna.
Filed under: Real Estate
— Susan @ 5:01 pm