by Erin LaBuda

Gone are the days where a home's location would be the determining factor on whether it sold at a record speed (and price, for that matter).  Today, we are faced with a market that has shifted from "Location, Location, Location" to "Price, Price, Price".  So what does that mean for you?

If you are a Seller, it means patience and flexibility.  Patience for the market that has buyers who want to look at your home 4 or 5 times before they consider making an offer and flexibility on that offer that comes in 20% (or more) below asking price.  If you are a Seller right now who is getting consistent feedback that your home is over-priced...it probably is...for today's market.  If you are not in a position to reduce your price but you NEED to move, I would recommend discussing alternatives to the traditional home sale.  There are options to help you move from your current residence if you are willing to exercise (again) patience and flexibility.

If you are a Buyer, MOVE NOW!!  I know many of you may have your home to sell (see above - ugh) and want to move, but those of you who have decent to good credit and are renting...what are you waiting for!!??  Interest rates are hovering around 4%, PRICE is dictating the current market and inventory is plentiful!  Over the life of a loan, that 6 months ago was at 6% to today's 4%, you are looking at saving somewhere in the ballpark of $50,000+!!  This is something that you cannot pass up!

If you would like to discuss either of these issues further or need to be directed to a good lender, feel free to call or e-mail me at 614-431-9049 or erinlabuda@kw.com.