September/October Newsletter
Real Estate News
What's the news?
The news is that our economy is thriving. The best economy the world has ever seen. An economy so great but so tenuous that everyday people can barely afford groceries or gas, let alone a home of their own. And this great economy seems to be hinging on ten tech stocks with CEO's that are telling us the product they are creating is dangerous. Dangerous how? Well, there's two scenarios here. This product a.k.a. A.I. will take human jobs away from our kids, creating an uncertain future for the job market. OR there's the other scenario where A.I. could kill all humans in ways that read like a science fiction novella soon to be a series on Netflix.
Oh, sorry! You want the real estate news....That's down here.
The truth is, it's a tough market. If you are thinking about selling in the next six months, you should know, the Buyer pool is small and shrinking. The market is slow and Buyers are not in a hurry. I'm calling it, this is a Buyer's Market. If you are a Buyer, you have the leverage right now, not just regarding price, but terms as well. Reach out and I'll explain how the market will rise up to you if you are looking to buy in the next twelve months.
Sellers who need to sell in the current market are going to have to be competitive in their price. Gone are the days when you had multiple offers over asking. Sellers should recalibrate their price expectations, be patient and listen to your Realtor. Pro-Tip: The first offer is often the best one, so grab that tiger by the tail and don't get emotional. This is business. You are going to need an experienced agent more than ever.
Call me for a consultation.
New on YOUTUBE
Explore four neighborhoods with homes around $1,500,000 in one of my latest youtube videos. Check out my channel for neighborhood tours, South Bay lifestyle and real estate trends.