Beverly Hills Real Estate Buyer’s Market – Take Advantage!
May 21st, 2009 categories: Buyers, Sellers
After several years of real estate being a Seller’s market, its finally a buyers market! New home builders are trying to attract prospective homeowners with high-end appliances, swanky flooring and other exciting perks. See, builders are doing anything to persuade a potential homeowner by offering incentives because they have an overabundance of inventory. Also, homeowners TRYING to sell are in the exact same boat.
One of the main reasons it’s a buyer’s market is becuase of the higher mortgage rates. The average 30-year fixed rate is up more than a point in the year per ABC news.
The realty is, if you want to sell your home, you are going to have to lower your price. We have been telling all of our seller just this and when you price a home correctly, it sells!
With any questions, please feel free to conact me at: kathy@kathyvilla.com