Comments on: Vanishing Offers Are the Newest Trend in Real Estate Market http://ctrealestateunleashed.com/2008/08/27/vanishing-offers-are-the-newest-trend-in-real-estate-market/ Central Connecticut Real estate news, advice and opinion combined with pet friendly resources and help for homeless pets by REMAX agent Jessica Beganski. Fri, 10 Sep 2010 01:15:20 +0000 http://wordpress.org/?v=2.3 By: Jessica http://ctrealestateunleashed.com/2008/08/27/vanishing-offers-are-the-newest-trend-in-real-estate-market/#comment-792 Jessica Tue, 02 Sep 2008 18:47:31 +0000 http://ctrealestateunleashed.com/2008/08/27/vanishing-offers-are-the-newest-trend-in-real-estate-market/#comment-792 Most of it is financing - but much of it also is that buyers have so very many options for housing and there is nothing pushing them to buy. Most of it is financing - but much of it also is that buyers have so very many options for housing and there is nothing pushing them to buy.

]]> By: Sean http://ctrealestateunleashed.com/2008/08/27/vanishing-offers-are-the-newest-trend-in-real-estate-market/#comment-790 Sean Tue, 02 Sep 2008 17:32:20 +0000 http://ctrealestateunleashed.com/2008/08/27/vanishing-offers-are-the-newest-trend-in-real-estate-market/#comment-790 The financing is the issue. Think about the process- a buyer gets interested and goes to a real estate agent, they see homes, find one they like, and start the process. They might put down a few bucks- but then, they have to see a mortgage agent. And that's when newly clamped-down lending standards smack the deal down. The buyer has now had a reality check concerning their credit, also sprinkle with a taste of the contingency of selling their existing home. It's just another stage is the progression of the downturn. So the adjustment becomes the price, which goes down- but only to a point where the seller can lose so much before being too far upside-down. And the pendulum swings- but not just back to the middle. Think much lower... The financing is the issue. Think about the process- a buyer gets interested and goes to a real estate agent, they see homes, find one they like, and start the process. They might put down a few bucks- but then, they have to see a mortgage agent. And that’s when newly clamped-down lending standards smack the deal down. The buyer has now had a reality check concerning their credit, also sprinkle with a taste of the contingency of selling their existing home. It’s just another stage is the progression of the downturn.

So the adjustment becomes the price, which goes down- but only to a point where the seller can lose so much before being too far upside-down. And the pendulum swings- but not just back to the middle. Think much lower…

]]> By: Toronto realtor http://ctrealestateunleashed.com/2008/08/27/vanishing-offers-are-the-newest-trend-in-real-estate-market/#comment-775 Toronto realtor Wed, 27 Aug 2008 19:06:07 +0000 http://ctrealestateunleashed.com/2008/08/27/vanishing-offers-are-the-newest-trend-in-real-estate-market/#comment-775 Well, the disappearing offers are becoming more and more common just because buyers have more to pick from. Of course, financing is also a main issue, but the large inventory these days is a big player and being a <a href="http://torontorealestate.blogs.friendster.com/my_blog/" rel="nofollow">realtor in Toronto</a>, where the inventory is sky high, I often warn my seller clients about this, so they don`t get too discouraged and panic about the prices and so on. The only thing we can do is adjust and do whatever we can to prevail. Well, the disappearing offers are becoming more and more common just because buyers have more to pick from. Of course, financing is also a main issue, but the large inventory these days is a big player and being a realtor in Toronto, where the inventory is sky high, I often warn my seller clients about this, so they don`t get too discouraged and panic about the prices and so on.
The only thing we can do is adjust and do whatever we can to prevail.

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