It’s no secret that the Tyler area real estate market has slowed down in the last several months. Though the inventory of homes is not dramatically higher, the absorption rate is. In the last dozen years, selling a home was fairly easy because just about everyone qualified and was able to get a loan. Today, financing is more difficult and the pool of qualified buyers is significantly smaller. Now, instead of buyers competing for listings, listings are competing for buyers. And believe me, after listening to the talking heads on the national news and financial channels on television, buyers believe they can call all the shots and make fantastic deals.
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Tyler Homes Blog
Archive for July, 2009
10 Tips to Sell your Home in Today’s Market
Thursday, July 30th, 200910 Tips to Buying a Home in Today’s Market
Thursday, July 30th, 2009Though not the economic disaster many other parts of the country are experiencing or as reported in the national media, the Tyler market slowed at the end of 2008 but is showing signs of picking up since the first of the year. It is currently very advantageous to be a buyer in the Tyler market today. Inventory has grown, sales rates have slowed and interest rates are at near historical lows. The pool of qualified buyers is smaller making for less competition to purchase a home - the days of multiple offers and bidding wars are now over. Needless to say, it has made it easier for buyers to find the right home and negotiate the right deal.
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So What Does a REALTOR Really Do
Thursday, July 30th, 2009Yes, we have the magic keys that get us into the houses you want to look at, but what else do we offer? Texas law allows us to represent sellers as listing agents and buyers as Buyer’s Agents and with informed consent of both parties to a transaction, we can be intermediaries, but all that is for another, later, legal discussion. Today I want to discuss the general services that aren’t often thought of by the consumer.
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