The “OC” Housing Report for Aug 2018 is here! The sky is falling…OMG…my house has been on the market for 40 days w/o an offer? What’s going on Mr. Realtor? Is the market going to crash? What should I do?
Relax…breathe…it’s going to be alright. We’re transitioning from a HOT seller’s market to a more stable and balanced (aka normal) housing market. The problem is nobody really remembers a “normal” market. It’s where homes must be priced right, or they will sit. There isn’t room for error these days.
We live in a world of instant gratification and we really have forgotten what it’s like to have to practice patience. Guess what? You better get used to practicing patience in a normal housing market.
It’s all about pricing properties at Fair Market Value (FMV) in today’s market. Overprice and your home will sit. Buyers need to be mindful that while it’s no longer a hot seller’s market, it is not a buyer’s market either. Looking for a “Deal” is a waste of time. Buyers need to be prepared to make offers at FMV. Anything less and they will not be successful in securing their piece of the American Dream.
Throw in some ear buds, push play and enjoy this episode…you might even learn a thing or two….
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Snapshot of the The OC Housing Report below…click here for the 1 page report.