sold2
The local real estate market has favored sellers for several months now and some buyers have not yet caught up. During the recent buyers market that lasted several years buyers had the upper hand and sellers were happy to get offers on their homes.
Now that we are in a sellers market buyers are coming to me after having gone through a couple of agents. They wrote offers for significantly less than the asking price in multiple offer situations, or went on vacation and missed out on their dream house.
Tines have changed. Serious buyers will reschedule vacations and be willing to look at homes on the lunch hour and make house hunting a priority if they don’t want to loose out to another buyer. Offers that are lower than the asking price rarely work in multiple offer situations.
Most full time agents have enough home buyers and are looking for more sellers. Marginal buyers or buyers who are hard to work with either get dumped by their agent or ignored when they try to find an agent.
Personally I always enjoyed working with buyers and I still do but I interview my buyers and make sure they have realistic expectations. I can’t always handle the last minute emergency request to see a house. like most agents I work with more than one client at a time. I do my best to make time for each client.
I am an excellent negotiator and my knowledge of St. Paul and of the housing stock comes from years of experience. I am looking for the very best buyers to work with.
The best buyers are serious about buying a home and are pre-approved and can schedule time to look at homes.
The most important thing to understand about a sellers market is that the sellers now have the upper hand.
