New task for Valley agents: Consoling panicked sellers
March 9th, 2008 categories: Real Estate News
Here is the article from AZ Central
But you might add Buyers to this equation. To me this market is challenging for sellers and buyers. Buyers are concerned as well. Is it a good time to buy? Should we wait to see if prices drop? Are interest rates going to fall or are they going to increase? I do not have a crystal ball, but my job does not change.
In any market, real estate agents are counselors and advisor’s.
In 2005 with multiple offers, hard earnest money, no repairs put buyers in a very vulnerable position. As I see it in 2008- look at the homes for sale- no repairs, no CLUE, no SPDS- Buyers still vulnerable and taking risks. Now we counsel on “Short Sales”, REO properties.
And by the way multiple offers are not gone- price a home to sell, I mean sell fast and you will have multiple offers. The last two homes I sold- multiple offers.
Yes sellers are panicked, but there is also much anxiety with buyers.
