“The New Rules of Real Estate” by Ruth Simon from RealEstateJournal.com
This is an accurate article about current market trends, and it offers excellent advice to Buyers, Sellers and Investors. The following excerpt is a concise summary of the main points Ms. Simon discusses:
New Market Approaches
As the real-estate market cools and the number of homes for sale climbs, buyers and sellers need to adjust their strategies.
| Who | What They Should Do |
| Sellers | Price your home competitively in comparison to other houses on the market. Lower your price if the house doesn’t attract much interest or offers in the first few weeks. |
| First Time Buyers | Take advantage of higher inventories of unsold homes to negotiate for a better deal. This can include a lower purchase price, help with closing costs or a more flexible move-in date. |
| Move-up Buyers | In some parts of the country, the high-end is cooling faster that the low end, creating opportunities for people looking to trade up. Contingent offers are becoming more common, though they are still frowned upon in some areas. |
| Relocators | Employees who are relocating should choose a new home that will be easy to resell if they must move again. One winning strategy: Stick to houses that are in top-notch condition and in an excellent school district. |
