Do you remember when you were a kid and you would have contest to see who could hold their breath
the longest? Well when it comes to real estate we seem to play the same game. Buyers are holding their breath in anticipation of sellers drastically lowering their listing prices. Not to be outdone the sellers are holding their breath even longer.
For most buyers they don't have a clear cut time frame to make their purchase, while most would like to
make their move by a specific date. They
are more than willing to hold out if they can reasonably expect that it will net them a serious discount.
Now for the sellers, they just plain and simply don't want to lower their prices. Most are willing to consider a lower offer but they have drawn a line in the sand as far as their listing price goes. They simply have a price range in mind and don't care how long it takes to find absolutely the right buyer.
So what is your story, are you holding you breath?
Where do you think price will go?
Where do you think interest rates will go?
How about jobs?
Mike Russell is a REALTOR with Keller Williams Realty. Mike specializes in Johnson County Kansas Homes and Real Estate for sale. Mike is a tech savvy realtor with over 17 years experience. Did you enjoy Mike's Blog? Feel free to subscribe or join Mike on his Social Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...
Mike Russell & Associates can be reached at 913-266-5828 or MRussell@KW.com or www.SearchjocoHomes.com