Never Ending Changes in Trends

In the beginning their was a buyer and a seller and the two pulled together like opposing refrigerator magnets. One made a profit and the other found a much needed and somewhat scarce place to stay. The two lived happily ever after. -beautiful story. Now, however, things have become a little more complicated. You see, the real estate market as we have known it is a fond, and perhaps non-recurring memory. There are more houses on the market now than in many years. Owners held on to their property in hopes of garnering the highest of profits while buyers snatched up their high priced but available competing sellers. Now, with housing demands satisfied and gas prices at historical highs, both the local buyer and the commuter as a scarce as tax reductions ( we'll get to that later). I often see over a hundred new listings go on the market in a day. That's seven days a week. There is a glut on the market now that can only be solved with the normalizing of list prices. The two main things that come from such a large amount of inventory is prices become more competitive for the buyer, and the seller now has to have a selling strategy that gives them an edge over that constant influx of competition. I am putting this blog together in an effort to help potential buyers and sellers understand market conditions and strategies to coping with them. Real estate procedures, processes and conditions change frequently, far too frequently to not be on top of the never ending changes in trends, laws, community conditions, benefits and shortfalls. I'm off to the trenches now...ask me a question..I dare you..