Pinecrest Florida Real Estate and More...: What You're Looking For Is A Steal

What You're Looking For Is A Steal

After looking at over 30 properties, writing offers on three and not getting them accepted because someone else has offered more, this morning I received the follow statement from my Buyer, "It seems that this is not a buyers market at all".

Pinecrest Fl Buyers MarketSo what is a Buyers market?  A general definition of a Buyers market is when the demand for property is less than the supply of property.  

The opposite would be a Sellers market, when Pinecrest Fl Sellers Marketthe demand for property is greater than the supply of property.  It's all just the old supply and demand rule. 

So what are the advantages for the Buyer in a Buyers market?  First of all, there are more properties to choose from, you don't have to just "settle" on a property because of lack of choice.  And secondly, sellers are more willing to negotiate price and terms.  A Buyers market does not mean properties are being given away.  

When you are looking for a property and want to pay less than market value; you're looking for a steal!  This has nothing to do with it being a buyers or sellers market; each market sets it's price.

So Mr. and Mrs. Buyer we will keep looking, I really do enjoy your company; but to find you a home I think you will have to increase your budget or scale down your requirements - or who knows, we just might get lucky.

 

 

 

Marie StoryMarie StoryMarie Story QR Code

Broker Associate, ABR,CIPS,GRI,TRC        

Celebrating My 21st Year in Real Estate

Coldwell Banker 

12651 South Dixie Hwy

Pinecrest (Miami), FL 33156

305-776-0010

Pinecrest Florida   ~ My Website   ~   Pinecrest Homes For Sale

Comment balloon 2 commentsMarie Story • September 08 2009 12:48PM

Comments

I like the long-distance buyers who don't want to visit, won't contact a lender, hardly like to share any information and yet say...if you see any real steals, give me a call.  Umm, no.  I'll be calling a prepared and qualified buyer, thanks anyway.

People, ya gotta love 'em!  Hope you do find a lucky steal for these buyers.  If not, you can always take the property information you gained from carting them around and use it to sell those homes to someone else.

 

Posted by Judith Reppert (United Country Countryside Realty) over 9 years ago

Judith, I just had to smile because a few days ago a man from Texas called to tell me he was interested in foreclosed properties in Pinecrest (a very desirable area); if I came across one to let him know.  Contracts on these are usually presented on the first day of listing!

Posted by Marie Story, Broker Associate, Pinecrest (Miami) Specialist (Coldwell Banker - Pinecrest (Miami)) over 9 years ago

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