Updated: Jun 15, 2018
This would be my first blog. First post. First with anything like this.
I want to create a blog to share my views on what I am seeing in the market today as well as give my viewers opinions on things, rather than just posing stats, charts and other links to other articles.
First off, let me start by telling you a bit about me....
I am a licensed Real Estate agent in the State of Minnesota and I work primarily in the North/West Metro.
A life long resident of the area, I recently went for my dream an became a Real Estate agent, something that I should have done the second I graduated High School really. Better late than never I suppose.
This is a tough field. It is definitely not as easy as I was expecting. I have been licensed for about 9mths now and although I have had a few sales, I do not have as many clients as I had hoped for by now. That really is another story though. I keep hearing that I'm 'doing great', I keep hearing that 'it takes time' and man is it true. I wouldn't change it though, I really, finally am doing something I love.
Back to my first post, and my opinions on the market.
This market is crazy. As everyone knows by now, it is a seller's market. There are way more people out there wanting to buy homes than there are homes for sale. I think this is true for a good chunk of the country right now.
I'm going to start my first post off easy... Do you know what it means to be in a 'Seller's Market'?? If not, that's great! I'll tell you! And I will tell you in an easy way to understand. No charts, no stats, no fancy wording you have to look up meanings for later. I just want to keep it simple. I want people to be comfortable with that. I want my clients to feel comfortable talking to me like they've known me for years. I want a relationship with my clients. I want to bring the Home Buying and Selling process back to that. Relationships with people. Life long contacts. Whether it be simple acquaintances or best friends, the Real Estate world needs to go back to relationships and educating their clients.
Anyways, to be in a Seller's Market means that when it comes to buying houses, the people who are putting their homes up for sale are selling their homes quick. Very quick. Mostly because of the inventory. There are more people wanting to buy houses than there are people wanting to sell houses. Do you know what that means?? It means, that if the home is listed at a decent price, (not overpriced.) than that seller is looking at having multiple buyers interested. That means multiple offers. Multiple offers means that the home will most likely sell for above list price and in return, the sellers are getting more money for their home and the buyers are paying more than the home was listed for.
Great deal for the sellers, not so much for the buyer.
As I am writing this, I'm noticing how I could go on and on and on about so much and there really is so many things to educate people on. For example, how do you get a 'deal' on a home if your a buyer in a seller's market??? I know the answer :)
That will have to wait until my next post though. I don't want these to get too crazy long. Sometimes, the longer they get, they get boring to read... that's what I find anyways...
I'm thinking this could be fun and I am looking forward to posting more :)
Thanks for reading and check back for more posts :)