Real Estate is still UP

November 23rd, 2008 10:33 PM by Manuel Couto, CRS, CRB

Ok, in the cyclical cycle of real estate, my cycle is still rolling up.  I helped a lovely couple negotiate their first home, at a GREAT price, and in a GREAT town.

Did I think it would happen?  Not sure.  The market place has picked up and we were in a bidding war.  In a Bidding war, NO one wins. The seller feels he underlisted, the buyer feels they overpay, and the loser feels that they were not given enough consideration in their offer.  AND, the Realtors sit and wonder how they could have brought the deal to the table.  See, no one wins.

The buyers, I think are happy, but nervous. It's a common thing when it's your first home.  I get the same way when I buy a car.  Nervous but happy. I love it when it works out right.  Not for the money as much as the satisfaction that I could help someone.  The buyers are really nice people and I think this really is the house for them, but I really can't tell them because it makes me sound like a salesperson.  (I am a facilitator.  Buyers and sellers have to make their own decision, no matter what I say). 

Back to where I was.  Even on Sunday I have gotten phone calls and emails wanting to buy a house.  Investors and first time buyers. That's a real good sign, because when they are looking the regular market shouldn't be too far behind.

So far my investors are looking in the 07106 area code of Newark, and 07105 of Newark.  (Well, that's where the bulk of my listings are).  I am getting fewer requests for other areas, but the emails are coming in. 

Let's see what happens!


Posted in:General
Posted by Manuel Couto, CRS, CRB on November 23rd, 2008 10:33 PM



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