The phones have stopped ringing, dead open houses, decreased hits on the website...... Sure glad I saved my money these past few years. Wow, in 18 years of selling real estate I have never seen it as quiet as it is right now. Even back in the early 90's during the last downturn there were still buyers out there. And I believe the worst is yet to come. BLAH, BLAH, BLAH.
My advice to sellers is to price your home far below the competition. Truly it is the only way to compete. Take West Sacramento as an example, there are 366 homes for sale(not counting the new homes). How do you stand out for the few buyers out there to find you? Market your home with an exceptionally competitive price. You have to be noticed!
Advertising such as " We will pay all Buyer Closing Costs", "Free Trip to Hawaii", "Mercedes Included with Purchase", etc., etc., will not get the job done. Now the good news. If you are in the market to buy a home you will have a very pleasant experience. Plenty of inventory, you can darn near write your own terms. The majority of sellers are very accommodating, and there is no rush. This is truly a great time to buy. As a matter of fact, I have some great homes for sale. Take a look, let's make a deal!
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