How Has the Market Changed Since 2008?



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Today, I want to answer a few questions that have been brought to my office lately from a few buyer's agents. The main thing I want to focus on is buyer education and how different buying is now than it was back in 2008.

Right now, inventory is low and home prices are rising. You have to understand that as the market continues to improve, there is a reason for it. As prices rise, you need to adapt - you can't lowball a seller who knows the value of their home is on the rise. As much as I hate to reject an offer, I have worked with sellers who I have had to advise to turn down ridiculously low offers. Some buyers simply haven't adjusted to current conditions, and it's my job to protect the seller!



 
Whether you're buying or selling, you need to be aware of the fact that sellers currently have an advantage. You need to price your home right if you want the best results on the selling side, while on the buying side you need to be careful not to submit a lowball offer.

If you have any questions about current conditions, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to hear from you!