The image above shows how critical buyers are about the price.
Under normal circumstances, only 60% of the buyers are willing to consider houses that are priced at market value.
Today? It is probably half so much!
Buyers make decisions about the houses for sale based on the online presentations and what they can find out at the internet aids. They are not willing to spend a lot of time investigating because they are skeptical each List with the effort – and they just want to get along and sweep to the next one!
Blog reader The Falcon responded this week:
It becomes more difficult and harder to sell for what homeowners think is their retail value (which is usually 5% to 10% above the actual market value). We will continue to hear from ‘experts’ who will take longer to sell, but that is only true as values appreciating and finally catches the market into your ambitious prize.
In a flat or falling market, the retail-made houses are cooked if they do not sell in the first week or two on the market. It is because the expectations of the buyer are falling and all the happy talk about lower rates in one day will not change.
Do you remember the list I had earlier this year? Where I had bought 14 offers, and the highest was $ 1,850,000 cash – But the seller was insisting to keep more and thought he only needed another agent (the listing agents were always blamed).
It is closed this week for $ 1,790,000.
It will not get better later.
But it is pretty good now – the $ 1,790,000 is still a lot of money!
#Homebuyer #percentages #bubbleinfo.com