In case any of you have been wondering where I’ve been the answer is very very busy. Three of my worthless listings received strong offers from well qualified buyers in the last 3 days. Sellers are painfully realizing they sell now at the market price or maybe not sell at all. I also wrote a couple offers this weekend and am negotiating (fiercely I might add) on a couple homes that should go together in the next 2 to 3 days. BTW, one of these buyers contacted me as a result of seeing one of my worthless listings on Realtor.com and another I met at an open house for one of my worthless listings.
Bottomline, listings are still the key to this business and lots of properties are changing hands everyday albeit at lower prices. Everytime I start wondering whether one of my lisitngs will sell, in walks a buyer. I will say, the offers coming in tend to be low ball in nature but the buyers are also well qualified. Sellers are thinking long and hard before writing a counter offer that might send that buyer packing to another property. Comps are coming down and the good agents are getting their sellers to come to terms with the best price they may see in the next 5 years or so.
