Search This Blog

Friday, May 20, 2022

It's a Sellers Market

And it's hectic and crazy.  While you might think it's an easy time, I feel  this is one of the hardest markets that I have been involved in since my start in 1996.

The reasons vary and the main reason is the demand is greater than the inventory- which of course makes for the multiple offers on many properties.  The down side is that while its' good for sellers its increasingly hard for buyers and sellers and  the agents who represent them.  Sometimes too good to be true is just that!  we still have inspections and appraisals ! 

Obviously ,only one buyer is going to purchase that home, leaving the others to continue to hunt for any opportunities.  We have to make those calls far to often to let buyers know their best offer was not accepted, call the other agents as well to to let them know when their offers are not accepted.  This all seems like easy work but I promise you it taxes you.  Making the best offer sometimes means cutting out things you would normally ask for, no guarantee it will work but many are buying with out inspections!  ( not recommended) but could be the difference in seller taking that offer. 

 Mentally we are stressed and physically we are getting worn as well.  I feel like it's hard to express the amount of emotion, the dedication, the "all in" that we feel when representing buyers and sellers.  If they feel it, we feel it.  This is not a business where just showing homes is what we do. 

As for me, I know if I am feeling the market stress, the disappointment and the anxiety are real. 

This market will likely have a re- balance as rates increase, but for now we roll with it and try to take time to care for our selves and keep our buyers and sellers in good hands. 



 

Pictures from the last few weeks

I find people and places and things fascinating.. it's fun to share and see how things make you feel, for me it's nostalgia and I lo...