C’mon, Buyers – GET HAPPY!

Filed Under Home Buyer and/or Seller · Tagged:  

This is such an interesting “Buyers Market” right now. Buyers have the power, but many are still finding themselves in competitive offer situations, bidding on a house they had expected to be able to get for less than asking (usually how things go, but be ready for exceptions). Others are up to their necks in the frustrating bog of a Short Sale – attached to a house emotionally and sometimes financially, but uncertain if theirs will be the offer the bank accepts. Some people are paralyzed by media stories telling them that we not not have hit bottom on values yet – “Oh no! What if I miss the bottom and overpay?” All of this makes for much fretting while, truly, Buyers should be breaking out in song.

I would like all of the Buyers out there to take a deep breath. Unless you are speculating, looking for quick easy money from equity realized by buying low and selling high, you are unlikely to make a misstep in this market. Doug and I work with Buyers and Sellers using current Portland area market data to ground prices in reality. Knowing the inventory, recognizing when a home is priced well, is essential in feeling good about your decision. Make the offer on the house you want to live in, and negotiate with respect. You are unlikely to regret acting.

August 4, 2009 by beebedou ·