Posts

How to pick the right Realtor

Most buyers and sellers think that every realtor provides the same service and out come. Nothing could be more from the truth. The only thing realtors have in common is a license. Even though if you deal with a realtor , they have to belong to the national association of realtor with a local chapter, and they obey by the ethics of that association. So you get more than just a real estate agent. So how do you choose one? What are desired skills? 85% of buyers and homeowners agree that negotiation skills are their number one priority. Interestingly enough a lot of clients try to pick an agent who works for the lowest commission and can be bullied the most into listing a home for the highest price. I am not sure how these negotiation skills will be beneficial for the negotiations on the home sale and the conditions of the home sale. How to pick a listing agent: Let’s focus on sellers for a bit who are right now in a sweet spot. Most markets in our area are seller’s markets. Multip

2019 - How will the market change?

Happy New Year everyone! What a tumultuous start of the year. Interst rates rose a 3rd time in  a row and the government shut down is starting to even impact the housing market. Financing your purchase in 2019 will cost more, the question is how this will influence the market. The past 3-4 yearsit was a hot sellers market , actually burning hot. Sometime one just threw offers on multiple properties to see what would stick. The average buyer had to submit 5 offers in the $250-500000 range in the right area. Even properties with serious flaws sold for record prices or it was just facinating that they sold at all. Towards the end of 2019 the market seriously cooled down and finally gave buyers time to look at a property twice and actually made a decision with less pressure. The market is in the process of self correcting itself. Of course the spring market is always full of surprises. Like always, location, condition and the right price will bring sellers the best sales price and th

Predictions for 2018 in the realestate market

My # 1 question, I get all the time is: "Where is the market going?" If I could answer this with 100% certainty, I wouldn't be selling real estate. But since I do not have a cristal bowl, I can only look at the market, use statistics and look at the trend in our local market. The real estate market is always local, very local, depending on schools, jobs and the state of the economy. In our area, especially Chester County the market is on a solid upward trend since 2012. It is still going up. we have lots of buyers in the market, actually 6% more buyers in the market than last year at the same time. Why is this? Looming interest rates? People still want to lock in at these historic low interest rates. people are feeling positive about the economy. Anbd then of course Chester County is one of the most beautiful places to live in the US. What kind of market are we in? sellers of buyers market. We are still in a slight sellers market. not enough properties are on t