In today's challenging market place Seller's are looking to maximize their sale price and minimize losses while Buyer's are hunting for the proverbial buy of the century.  Additionally Buyers are seeking Foreclosures believing they can get these homes for pennies on the dollar. Wrong, Wrong, Wrong … This just isn't what this market is all about.

Sellers need to price the home based on recent comparables. The homes should be similar in style and condition or adjustments should be made to balance this out AND the comparables should be properties that have sold. The SOLD prices drive the market not the asking prices. It is like buying a stock, when you go to sell your stock it doesn't matter what you paid or what it sold for yesterday just what it is worth today.

Buyers should realize that the price you pay is what a seller is willing to sell for and you are willing to pay and that number will need to withstand the scrutiny of the Bank Appraiser so Buyers don't worry you won't over pay! As for the foreclosures, well many banks are already in a negative position on these homes. Chances are the mortgages are greater than the value and the banks are NOT pricing to the mortgage value they are pricing to the market value. So the thing to do is your homework – have your agent prepare a market analysis for you so you can see what the value is and be prepared to pay that or very close to it.

A Real Estate Professional can provide you with all the guidance and information you will need to buy or sell your home. Working with a strong agent and company can help get your home sold faster and they can help you find the right home for your budget …The key to making it all work is using professionals and listening to their advice then making an informed decision.