Good news is out there for buyers, sellers

Good news is out there for buyers, sellers
Date Published: April 8, 2011

Buyers, sellers, the time for hesitation is over for both of you.
Home sales are rising, inventories are shrinking, and even though home values fell dramatically in the last few years, the good news is that houses are now more affordable than they have been at any time during the last 20 years.
If you are buying, now is the time to make your move.
As the market recovers, the scales are still tipped in your favor. There are still many “distressed properties” (foreclosures and short sales) on the market, and other homeowners are entering the selling field as improving conditions increase their confidence.
You can still expect competition for lower-end, entry-level homes, but demand is softer in the middle- to upper-end property market, so you could be in a stronger bargaining position in those two tiers.
If you’re a seller, don’t be alarmed by the good news for buyers. Buyer confidence and strength makes it more likely that you’ll enjoy a sale.
Don’t try to compete against short sales and foreclosures when you’re pricing, though, because that’s a tough game to win.
Just complete any needed repairs, get your home into great showing condition, and emphasize your home’s strengths and features.
We’re in an interesting transitional phase where both buyers and sellers can be winners with the right attitude and representation.

The Placer County Association of Realtors is the professional trade association representing approximately 2,400 Realtors, affiliates and other related representatives in Placer County. For more information, call (916) 624-8271 or visit online at www.pcaor.com.