Posted by: Julie in Marin | April 3, 2012

You Know The Bottom of the Market Only When You See it in the Rearview Mirror

Mulitple offers are back in the Marin County real estate world, and some buyers are wishing they would have been more serious when the rest of the world wasn’t looking.  I was quoted in the Marin Independent Journal last week about the market shift, but most of the information I passed along wasn’t included.

Here’s the scoop:

  • Not everything is being sold quickly or with multiple offers
  • Homes that are priced too high are still sitting there, and buyers have an opportunity to pick up that ‘steal’ once the prices are dropped
  • Homes that are not remodeled are still hurting in this market:  buyers are informed and know exactly how much new kitchens, baths, and roofs cost
  • It’s even more important to have a trusted realtor working with you if you’re a buyer.  You get previews of new listings, and you will see that your realtor has an excellent sense for what will sell quickly, and at what price
  • If you’re a seller, a good realtor will save you from the pain of watching your price drop after a debut that falls flat
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: