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Changes in the market
Blog by Jacquie P. Wilson Personal Real Estate Corporation | August 10th, 2018
Well the stats came out a couple days ago and they were a debbie downer. The market is waayyyyyyyy down compared to the last few years. I am trying to set up tours to go and buy places and I am seeing Subject to Sale being accepted. That is the first time in a long time. Of course I like it and am quite familiar with the conditional acceptance of a sale. I fully understand the concept of going to show a place that has an accepted offer on it that is conditional to the buyers sale. It has a time clause, and there is a very high likelihood they can be bumped out. Especially if the buyers have the greed goggles on and have an unrealistic expectation of the price they are going to get for their home. Of course there are those that will remove the subject and quickly lower the price on what they have to sale. This is the way the market used to be but the prices are still pretty high in my opinion.