Tuesday, August 29, 2006
Searching for equilibrium
In a recent article in the New York Times about the real estate market in New Jersey, the author made a very interesting point. He said the two biggest problems with today's market are sellers who price their houses too high and buyers who offer too little.
In the latest issue of Realtor Magazine, David Lereah touches the same point, saying of buyers... "For them it's a waiting game. Once sellers price their homes right, sales will pick up.''
Sometimes we need to be reminded of the two necessary ingredients to any real estate deal. A willing buyer and a willing seller.
Once we get closer to that point of equilibrium between buyers and sellers -- when both sides become more willing -- things will pick up.
In the latest issue of Realtor Magazine, David Lereah touches the same point, saying of buyers... "For them it's a waiting game. Once sellers price their homes right, sales will pick up.''
Sometimes we need to be reminded of the two necessary ingredients to any real estate deal. A willing buyer and a willing seller.
Once we get closer to that point of equilibrium between buyers and sellers -- when both sides become more willing -- things will pick up.
