Answers (8)
- Clint Spaulding, "clintspaulding"
- Contributions:1
Nationally home prices(not values) soared artificially inflating the market causing an abundance of large square footage homes at a very affordable price. To make matters worse banks became very competitive trying to seize the opportunity and keep up with the competition in utilizing low down payment loan options and higher DTI approvals making people think they could afford their "dream home". . Throw in sub-prime lending and stated income loans and you've got the perfect real estate storm knocking home prices way down. This has people stuck in there home or forced to go with a short sale alternative as they cannot afford or stomach to sell at MARKET VALUE. This is a major contributor to time on market. Homes are still selling but not just any house you throw on the market. It takes some work for the seller to make the home marketable. My biggest advice is this; there are many homes on the market that are move in ready, if you're selling a home take down that wall paper and do anything you can to make your home move in ready. No one wants to buy a home that needs 60 hours of painting and scraping when the one across the street is set up to be comfortable...just move in and relax. I hope this helps answer your question.
Thanks,
Clint Spaulding
Thanks,
Clint Spaulding
- Gene Manners, "Gene Manners CA"
- Contributions:64
Its always hard and its always doable. Sometimes its hard to find properties that aren't already in escrow when you inquire about their availability. Then the market changes and that's easy, but getting your offer accepted out of the many received is difficult. The challenge changes with the market. But knowing your trade, being willing to work and to continue learning--and enjoying that process will lead to success in any market.
- Jimmy Thompson, "maximage"
- Contributions:27
it is harder to sell in most areas - more than ever, you have to be NOT just 'On the Market' with your listing, BUT 'In the Market'.
Being 'On the Market' is different than being 'In the Market' - if ur over priced (even by 3%) you're 'On the Market'. Most Buyers are no longer considering homes that are a little over priced, and may appreciate in value over the next year or so...
'In the Market', you have the home in the right condition @ the right price.... and in this Real Estate Market, everyone is looking for deals and steals... So look very closely at the comparables - it so important you get the right price PLUS have your home in the right condition the day it's listed.... it still can be hard to sell, but at least, you're 'In the Market'
Being 'On the Market' is different than being 'In the Market' - if ur over priced (even by 3%) you're 'On the Market'. Most Buyers are no longer considering homes that are a little over priced, and may appreciate in value over the next year or so...
'In the Market', you have the home in the right condition @ the right price.... and in this Real Estate Market, everyone is looking for deals and steals... So look very closely at the comparables - it so important you get the right price PLUS have your home in the right condition the day it's listed.... it still can be hard to sell, but at least, you're 'In the Market'
- S. Chris Webb, "PHX AZ RE BROKER"
- Contributions:413
Depends on market area. In my service area, REO's that are priced well have multiple offers to compete with right from the start. Short Sales are on the market for much longer, because a) people shy away from making offers on them because they know the outcome is unknown and b) they take a long for the agents to negotiate with the lien-holders. Houses of any kind that are in poor shape, in a terrible location, or over-priced are on the market for a long time for obvious reasons. We have a lot more poor-shaped houses on the market now than we did in 2004. Also, a lot more homes fall out of escrow now because funding doesn't happen. All of the above means yes, it makes it harder to sell a house.
- Dan, "the_country_hick"
- Contributions:4827
Nationwide fewer people are buying houses.
If you have fewer people buying it makes it harder to sell a house.
If you have fewer people buying it makes it harder to sell a house.
- USA Home Buyer
- Contributions:9
Many factors in addition to supply and demand are contributing to the current sluggish real estate market. However, the quick answer to your question is, "yes." MLS records nationwide indicate that we are also breaking records for length of time on the market.
- Dunes....
- Contributions:3876
"service inventory is breaking records in some market areas."
What Market areas and what records?
Nationally if you look at NAR membership, the number of Non-Realtor Agents and then the number of Actual Sales (Even NARs inflated numbers) in 2010..Jan 2011/Feb 2011
I would think it's harder to Sell Real Estate..
What Market areas and what records?
Nationally if you look at NAR membership, the number of Non-Realtor Agents and then the number of Actual Sales (Even NARs inflated numbers) in 2010..Jan 2011/Feb 2011
I would think it's harder to Sell Real Estate..
- Rushel Reed, "Rushel Reed"
- Contributions:379
As compared to 2005-ish? Yes.
Is it harder now, to sell real estate?
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