Each week I lick my chops in anticipaton of seeing new listings come on. I have six Buyers/Clients that have been looking for just the right home for months. But lately each time I see the Brokers Open Tour Sheet I am disapointed!
On our Broker Tour Sheets we see maybe four or five new listings (if that) and several properties that have had a price reduction or have fallen out of contract for some reason and are coming back on the market. That's it! Yet in my recent findings I see that purchases have ticked up.
The Buyers are ready and I know that I am holding five listings to put on in the next several months. And I am not the only Realtor that has this situation. We have pent up anticipation in the coming first quarter of 2011 for both Buyers and Sellers.
The loan situation does not help! Even if you have a credit score of 800 and have millions in the bank the Lender of today will put you through ridiculous and unbelievable hoops! It takes almost 60 days to close some transactions....and these are very very well qualified Buyers folks. My clients with cash just buy with all cash and then get a loan.
So we are just plain stuck right now...in the New Year as inventory comes on the market and Lenders lighten up things should be humming along smoothly by summer.
All for now! Be careful out there....it's rainy an that time of year!!
Subscribe to:
Post Comments (Atom)
Definitely an info flow that need to read over and over again, because it discovers an opportunity to learn. Keep up the good work.
ReplyDeleteinventory clerks London
inventory training London