This is first in a series of blogs on buyer and seller motivation in 2014.
Yesterday morning was spent in the company of several agents and one broker touring homes that are for sale. All of the homes that we saw were well kept (except one), priced according to the market, available for viewing with little trouble on the showing agent's part, and in good neighborhoods. One was a new build two years ago. The rest were purchased by their current owners as foreclosures. One had been on the market for over 5 months, the rest on the market for between 30 and 50 days.
After the tour, there was an informal discussion centering on the attitudes of the people whose homes were for sale. Without exception, the seller's motivation had to do with moving to another part of the city. They had purchased theirs homes when the values were low, now they have equity that they want to use to obtain a home in an area closer to an emotional anchor - work, aging parents, better schools. Another interesting point, the seller's wanted their price, market be damned!
If you have a listing, please comment with their motivation. I am beginning to sense that this is the year of the no-motivation seller!
#Avondale , #Goodyear , #Buckeye , #Glendale, #Phoenix, #Surprise, #Peoria, #Tolleson, #Laveen, #Waddell , #Wittman
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