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               Where is the Market Going?

Buyers, Sellers and even Realtors are re-orienting their approaches to this new market:

  • Interest rates have risen and the number of homes for sale have doubled and in some areas tripled.
  • A Buyer now has a wide selection of properties and a Seller can no longer expect a 'quick' sale.
  • The condition of the home has become extremely important to Buyers (they now have choices!) and Sellers must again stage a home for sale and maybe even offer "incentives".  Home Inspections are a part of the contract again, as are Home Warranties, and closing cost assistance.
  • Marketing is more important than ever - with a long term plan and realistic expectations.
  • A Seller must now make their property competitive to other properties on the market.
  • A Seller must PRICE THE PROPERTY RIGHT from the beginning.
  • A Buyer is facing rising mortgage rates - limiting their purchasing power and limiting the pool of available buyers

Thoughts About the Market:

 
March 2010          February 2010              January 2010
 
 

 
 

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This site is the property of:

Sandy Sivits

REALTOR® 

Green

SFR, WHC

ERA Pro Realty

438 North Frederick Avenue Suite 300

Gaithersburg, MD 20877

Office: 301-921-9557

Direct: 240-449-8285

Licensed in Maryland & Virginia