My house is worth WHAT?

FOR IMMEDIATE RELEASE
Peachtree City, Georgia, United States of America (Free-Press-Release.com) January 21, 2012 --

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My house is worth WHAT?

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http://www.sherrikbloom.com/Summergrove

An acquaintance who just listed his house complained to me the other day that his agent received an offer for 18% less than the asking price. He asked me if that was normal. After resisting the temptation to respond back with some uplifting advice of, "Hang in there, there is always someone out there that loves the house as much as you," I replied with my realtor hat on and simply said, "Yes." As much as sellers want to deny the fact, we are still smack in the middle of a buyer's market. Buyers are testing prices by making offers even 20% lower than the list price. The fact is, if they can't get the seller to agree, they simply go some place else. With about a nine month inventory of houses for sale, there is definitely plenty more where that came from.

Sellers need to hang tough and prepare themselves (both emotionally and financially) for this bleak reality. "Here we are in the beginning of 2012 and it is still a buyer's market," says Sherri Bloom of Better Homes and Garden Real Estate Metro Brokers. It's hard enough to emotionally accept the fact that the home you built from the ground up, remolded inside and out, or raised your children in is not worth in dollars what you have invested into it mentally, physically, and most importantly financially.

But hang in there weary sellers, for the tides are always turning. Remember a time, not too long ago, when the market was a full on, seller's market and your house took all of two days to sell...and the six or so offers you received in that two days were all well above the list price? Remember that? Yeah, me either, it was much too long ago.

I think we can all agree that the best market for the majority of the people out there is a balanced one. In this buyer's market, balance will not prevail until the current inventory dwindles away. As long as this inventory exists, one side of the equation is going to be unhappy. When it does finally balance, both sides can rejoice for those two whole minutes until the scale tips again...this time in favor of the sellers, no doubt.

More information can be found online at http://www.sherrikbloom.com/Summergrove

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