The challenge that we as real estate agents have is to convince buyers that this is the best time in 13 years (the time I have been in Real Estate) and likely the best time in the next 13 years too! Give me a chance and I will find and negotiate you a great deal!! Get started here
I am extremely fortunate to have an incredible Team Leader-(manager for all not familiar with the Keller Williams model). He has a super blog and has addressed this recently. I am going to reproduce his article almost in it's entirety
Buyers let me share some good news for a change with you.
Former Federal Reserve Chairman, Alan Greenspan, in an article on MSNBC entitled, Greenspan: the worst may be over says, "There is a good chance of coming out of this in good shape, but average housing prices are likely to be down this year relative to 2005. I don't know, but I think the worst of this may well be over." (This is a must read)
In the Washington Post article by Kenneth Harney, "All Crashes Should Be So Good" the current Federal Reserve Chairman; Donald Kohn says about the shifting market, "...may be closer to [its] trough than to [its] peak." Meaning=we have hit the bottom. (This is a must read. I'm going to keep my eye on Kenneth Harney and see what else he has to say in the future.)
Looks like the current and former Fed Reserve Chairmen are in agreement. Powerful information.
Here are some key points from each:
Mortgage applications are up-great indicator that lookers are turning into buyers.
Mortgage rates are close to a 40 year low. This makes monthly payments affordable.
NAR reports pending home sales are up 4.3%.
Unemployment has declined to 4.6% and the economy is expanding.
With all these great things happening and great buys waiting out there for buyers it tells me that it is not a Buyer's Market, it is a Fence Sitter's Market. Time to get off the fence buyers. This might be your window of opportunity to get the best value and that window might be closing soon.
Check out Darin's blog
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