The June 2009 real estate scene is still no summer picnic, but sellers are more realistic with their expectations and prices. One battle won! After maneuvering this market for a couple years prospective homeowners now know a buyer’s market does not mean sellers are giving property away; it does mean there are buying opportunities not present a few years ago. In short, buyers and sellers are moving closer together.A short bridge is easier to build than a long one; it takes less time and energy too. I’ve seen the battle fatigue in sellers, buyers and agents (present company included). I’ve seen, and presented, offers with such a large money gap the chances of the offers being accepted were about the same as me swimming the English Channel. Not a chance that is happening, and those words, or similar ones, were heard in response to many offers written by earnest but unrealistic buyers. I believe buyers get it now, and I’ll celebrate that success.
Sellers were slow to adapt to the real estate price slide, but most have adjusted, if not embraced it, and accepted the reality of today’s market. Another cause for celebration! A market thrives when sellers are offering a desirable commodity at a price that is attractive enough to make a buyer want to part with his money. That is business at work whether it is taking place at a flea market, in a corporate boardroom or a seller’s living room.
I am optimistic about the second half of 2009; working in a realistic marketplace is something I look forward to with great anticipation.
Norma Toering and Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.