It's a rainy and cold April Monday in the GTA and the phones have simmered down today. Its given me a few minutes to jot down some thoughts after a very busy two weeks.
Although I have always enjoyed open houses, recent outings have been particularly enlightening. I regularly read up on the latest market trends, and sift through weekly statistics to try to get a leg up and impart sound advice to my clients. These days pinning down anything concrete is proving to be difficult.
Buyers: There are more job losses to come, alot of people are desperate, I'll wait for rock bottom, let's offer considerably less than asking - you never know...(etc.)
Sellers: Interest rates have never been lower, our house is unique so lets list as high as possible because no matter what we list for buyers are going to come in expecting huge discounts...(etc.)
There is truth to both the buyers and sellers pricing rational. But clearly not enough to entrench any unflinching position.
Negotiating a deal between parties once a position has been taken is part of a Realtor's new job description.
I will be posting my top 10 or so best stats from the 653 :) emails, seminars, newspaper articles, other blogs, word of mouth etc. in another post. In the meantime any thoughts?
David