Transitioning to a Buyer's Market: Welcome to the Matrix
This is your last chance. After this, there is no turning back. You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.
When the real estate climate is in a transitional phase, like it is going through today, you can feel lost in the system.
As we've discussed in Recession is NOT a scary word, we've had strong housing markets in the majority of the last cycles. It's important to point out that the real estate market is not in danger of collapsing, but the dynamics that control it are changing.
So what do you need to know?
Know whether you are transitioning into a buyer's market or seller's market so you know how best to sell yourself or property.
When you are going through a transitional period, houses are priced closer to market value.
Be aware there is less negotiation during a transitional period.
If you are not an expert on the market, this is a great time to team up with one. I have been in the industry a long time and know the market in and out. This means, I can help you assess the best price for your home and sell it in the fastest time.
I also have an amazing referral network of professionals who keep me updated on mortgage rates (holding study) to new real estate laws and development in the area.
With an expert to guide you through a moving market, you can find amazing success in a transitional time. For example, check out this Pacific Coast home just under contract: