Not exact matches
Here is what Phil Moore, Real Estate Board of Greater Vancouver president, says
about market conditions: «High prices, new tax announcements, rising interest rates, and stricter mortgage requirements are among the factors affecting home buyer and
seller activity today.»
May I suggest that: a) «the MLS game» (list low, hold offers 5 - 15 days & scramble to get your own offer in the meantime); b) the prevalence of simultaneous presentation of 5 - 50 competing bids (full info on all bids only known by
Seller Agent); c) the new - prominence of Teams / mega-Teams / office - within - an - office sub-Brokerages; d) the often «coached - from - afar» suggestions
about how Registrants can maximize GCI, minimize expenses and offset competition - induced, listing - fee discounts; e) Average Prices resulting in everyday Co-op Brokerage fees of $ 15K, 20K and more and f) the high percentage of Registrants who have not experienced any
market conditions other than «Prices perpetually Up,
Seller always Wins, Buyer puts - up or Shuts - up»; g) Electronic signification — you can no longer look in the whites of your competitor's eyes, because half of them aren't even physically present.
If the
seller has an unreasonable goal for the proceeds, such as using the sale of the home to retire on, and won't compromise in the face of
market conditions and comparables, then you can make your own decision
about whether or not to spend your time.
As
market conditions change, particularly when
sellers are concerned
about the amount of profit they may be able to generate on their home's sale, you may find yourself facing some tough negotiations when it comes to your commission.
As I began preparing my listing presentation, I went into autopilot doing my due diligence as I would with any other listing presentation: inquiring
about the
sellers» financial situation and motivation for selling, researching for liens on the property, getting a general
condition of the home and what is necessary to get it into «show shape,» and securing relevant comps for the
market analysis, to name a few.
Highly competitive marketplace
conditions coupled with concerns
about inflation are encouraging a number of
sellers and brokers to look for alternative ways to
market homes without paying a full brokerage fee.
Whether you are trying to attract buyers or
sellers, both will want to have a conversation
about market conditions.
Some
sellers refuse to accept that prices have leveled off; others are confused
about the changing
market conditions.
We have a referral agreement with them for when buyers and
sellers come in unrepresented and they have a community channel on FIOS where we're interviewed
about current
market conditions.
The REALTORS ® Confidence Index (RCI) survey gathers monthly information from REALTORS ®
about local real estate
market conditions, characteristics of buyers and
sellers, and issues affecting...