Would a Scottsdale REALTOR® Buy Now?
Posted by Judy Orr on
I would never expect a buyer or seller to do something I wouldn't do. It is a confusing market right now. It has been a Buyer's Market for some time and prices continue to plummet in most areas. This makes it difficult for buyers to make a decision to buy now or hold out until the real estate market hits bottom.
How do you know when we've reached the bottom?
I've been selling real estate since 1983 and I don't know when that elusive bottom will occur. Some say the 4th quarter of 2008 will show recovery but that's a slow time in the Scottsdale real estate market even in a good year. So that doesn't ring true to me.
Many others feel that after the election people will start to feel more comfortable and the market will slowly start its…
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Whenever I'm getting information over the telephone regarding a home I'm going to be preparing a Comparative Market Analysis on (CMA), I will ask what style is the home? Many times I'll get a long pause where I will step in and start naming and describing different styles.
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I'm sure you've read about the market slowing down. A lot of what we read is using national statistics and you need to do some local research if you're really interested about the market in your area.
After being a licensed Scottsdale REALTOR® since 1983, you'd think I'd become used to certain aspects of the business. But it's always exciting to work with first-time buyers and find them the first property they'll ever own, be it a mobile home, condo, townhouse, or single-family residence.
I remember two or three years ago working with some Scottsdale home buyers that were making full-price offers on properties and still losing out. I lost some of these frustrated buyers who decided to wait until the market slowed down.
I was published again in the Southtown Star in the November 12th, 2006, issue in the Real Estate section. The title of the article was "Be Wise When Making Your Next Move." The story was about how you should prepare before moving, especially if you have a property you need to sell first. Most of the articles I've been interviewed for have been online on the Daily Southtown's site but I couldn't find an online version of this one.
