Rizzotti JH Real Estate Blog

Fewer comps make it hard to read the market
November 17th, 2008 8:11 AM

When few properties in the Jackson area are selling, it is hard to get a read on the direction of the market. Sellers are for the most, still holding on to expectations of selling at 2007 prices. Buyers want deals, and there is a standoff.

If your a buyer, dont be afraid to make your offer. No venture, no gain. Sellers, if your circumstance dictates you need to sell, get real and drop your price and move on. I have seen markets like this before. Usually the offer you have now will be better than the one you get in 3 - 6 months. Consider the inventory level. Is it likely to shrink or expand. If you slash your price and sell and stil lhave a profit, dont cry over the fact that you did not sell at the top. Such is life.

Agents: Thanks for all your feed back.  

Good luck.


Posted in:General
Posted by KENNETH RIZZOTTI on November 17th, 2008 8:11 AMPost a Comment

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