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Diana Miller

RSPS
Galveston Home Team
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Buyers Missing the BIG Picture

August 23rd, 2010


Buyers are still sitting on the fence waiting for sellers to discount their homes. All this while interest rates have dropped to record setting lows offering greater savings for a buyer than most discounts would provide. Meanwhile sellers are choosing to lease and wait out the market. This home in Sienna Plantation was on the market for over two years with 3 different agents. We were able to negotiate a long term rental with a buyer who should be able to qualify for a loan in about 9 months. It's a win-win for the tenant/buyer and seller. And while sales and pennding contracts dropped in the double digit range, prices showed a slight increase. Another indication that many sellers are not willing to offer deep discounts. Our homebuyer rebates and discount listings can make the difference in a closed transaction. This sale will close with a 2% total listing fee! 

Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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I serve on the Texas and National Assoc of Realtors Land Use Committees. I advocate for homeowners in my professional and personal life every day. I have been active in community development issues because I care about your home ownership and communy
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