Wednesday, September 13, 2006

American Chronicle - "You Can Sell Your Home in a Slowing Real Estate Market" (9-13-06)

"Remember the days when a home would go up for sale and within hours the homeowner would be popping open a bottle of champagne, dancing on the front lawn, and celebrating the substantially-over-the-asking-price offer they received? Then, they are gone so quick you only learn of their exit when you notice a new family working in the yard. Then, they put the very same home on market a year later, get a substantially-over-the-asking-price offer, and they disappear like smoke in a high wind. Remember those days?"

"Guess, what? Those days are over! Gone are the days of twenty and thirty percent appreciation rates. No longer is the agent you select unimportant because anyone can sell a home. No longer can your agent take a listing, go back to office, and kick his or her feet up on his desk with a hot cup of coffee because he knows an offer will be on his desk by the end of the day. Yes, in case you might have missed it, the real estate market has cooled considerably and is no longer moving at its once normal frenzied state."

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