Property Buy and Sell Tips

More investors will be joining the market.  Since investors have different criteria than the average home buyer, they will return to the market as they realize that this is the best time to purchase real estate.  First time home buyers will compete with investors, and it’s more likely that the investor will win.

Related businesses will be shutting down.  Businesses like mortgage companies, builders, appraisers, title companies, and construction-related companies will either shut down or consolidate to make up for the slowing real estate market.  Those who do survive will lower costs by reducing staff.

Buyers will make low offers.  First-time buyers might think that this is the best time for a buyer to make a purchase and will write very low offers.  Some won’t even bother looking at the homes when they make ridiculously low offers.  If you intend to sell this year, expect a number buyers who will throw lowballs at you.

Advertising will move to the internet.  With print advertising slowly losing its effectiveness today, real estate agents will move their listings online – it costs less and gets better results.

This entry was posted on Friday, April 25th, 2008 at 5:51 pm and is filed under Information. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.