A SELLER'S MARKET, YOU BETCHA!

HOLY SMOKE, IT'S BEEN SO LONG SINCE I'VE BLOGGED ANYTHING, I MUST HAVE EITHER FORGOTTEN, OR I'VE BEEN BUSY! PROBABLY A LITTLE BIT OF BOTH. RIGHT NOW, FOR PRIVATE SALE HOMES, THOSE BEING THE NON FORECLOSURE, NON BANK OWNED, NON SHORT SALE VARIETY, WE ARE DEFINATELY IN A SELLERS MARKET. I LISTED A HOUSE IN MY SUBDIVISION IN EARLY MAY. 10 DAYS LATER, IT WENT PENDING AND WE'LL CLOSE IN LATE JUNE, AT FULL PRICE, $124,900 AFTER 18 SHOWINGS IN 9 DAYS! I SHOWED A NEWER HOUSE IN MY SUB JUST THE OTHER DAY. A REAL BEAUTY. MY BUYER LOVED IT, BUT COULDN'T GET AN OFFER IN ON TIME. WHY??? WELL, THE HOUSE WENT ON THE MARKET AND HAD 18 SHOWINGS THE FIRST DAY! 5 DAYS LATER, THE SELLER HAD 6 OFFERS TO LOOK AT, ALL FOR OVER THE LIST PRICE OF $219,000. AGAIN, THESE WERE PRIVATELY OWNEDS HOMES, NON BANK OWNED, NON FORECLOSURE AND NON SHORT SALE. AND I SOLD A BEAUTIFUL COLONIAL IN LAKE ORION TO A YOUNG COUPLE FROM MY SUBDIVISION A FEW WEEKS AGO AND WE CLOSE IN A FEW DAYS AT FULL PRICE, WITH THE SELLER PAYING SOME CLOSING COSTS. SO WHY THE SELLERS MARKET RIGHT NOW? PENT UP DEMAND. BUYERS ARE GETTING TIRED OF LOOKING AT FORECLOSURES AND SHORT SALES. PLUS, THE SUPPLY OF FORECLOSURES AND SHORTS SALE HAS DWINDLED TREMENDOUSLY. SO IF A BUYER IS LOOKING FOR A HOME AND IS PRE-APPROVED, THEY AND A WHOLE BUNCH OF THEIR BUYERS FRIEND HAVE BEEN OUT THERE, BEATING THE STREETS AND KICKING TIRES TO FIND THAT DREAM HOME THEY'VE BEEN LOOKING FOR. WE HAVEN'T HAD A SELLERS MARKET LIKE THIS IN 6 OR 7 YEARS. WHATEVER PRICE THE SELLER IS LISTING THEIR HOUSE FOR, IT'S SELLING FOR THAT PRUICE AND HIGHER IF IT'S PRIVATELY OWNED. OF COURSE, THE UPTICK IN THE ECONOMY HAS ALSO HELPED AS PEOPLE NOW FEEL MORE COMFORTABLE WITH THE CURRENT ECONOMIC RECOVERY! WELL, GOTTA GO FOR NOW. GOTTA GET OUT THERE WITH SOME BUYERS TO FIND THEM A GOOD HOME. OF COURSE, IF YOUR A SELLER, LOOKING TO PUT YOUR HOME ON THE MARKET, THEN WHAT BETTER TIME THAN RIGHT NOW? CALL ME AND I CAN EXPLAIN WHY. OH, WAIT A MINUTE! I JUST DID!!!!!