Stale Mate
This entry was posted on 10/30/2006 8:55 PM and is filed under Buyers and Sellers.
Hello my Friends,
I have done a lot of reading this past week in the newspapers and done a little listing to the radio folks. It seems like we are at a stale mate in real estate. The Sellers are there with their homes for sale and their hands on their hips and telling all of us "This is my price and thats it!" The Buyers are standing there with their arms crossed and saying "I'm not paying it!"
What are the Realtors to do?
The Sellers seem to forget that we only bring the market to them. We don't make it. We are not the ones buying and selling all the properties. Remember that a closed sale is public knowledge and every one knows what the house across the street sold for.
The Buyers know that it is a Buyer's Market and they are just waiting it out.
It really is a crazy time. I actually saw a home listing on the computer and you didn't see pictures of the home, but pictures of every television and all the electronic stuff that came with the home sale. I guess thats a great incentive if you watched TV. But who has time for TV with a mortgage to pay every month.
My best to you all,
Sherry
