LOS ANGELES, Dec. 11, 2012 /PRNewswire-iReach/ -- For years, the U.S. housing market has been the epitome of a buyers' market. Sellers were desperate to get rid of their homes for sale – even though it usually meant selling them for far less than what they paid for them.
However, the tide seems to be turning. Prices are starting to go up, and according to a recent story on Realtypin.com, there are even bidding wars going on in Seattle!
So, for the first time in a long time, it's worth talking about what SELLERS want – instead of just blindly going along with whatever buyers want.
Here's what most of today's home sellers are looking for:
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- Buyers with cash
While sellers aren't going to turn down a buyer who's doing things the old fashioned way, they'd much rather have someone plunk down a ton of cash. After all, cutting out a lender means getting to eliminate all of the red tape and delays that have become common in today's real estate transactions!
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Bottom line – if you're involved in a bidding war with another buyer that's got cash, odds are you're going to lose, simply because the other buyer is more convenient to deal with.
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- A realtor that's a hard worker
According to a recent study by the National Association of Realtors, 89% of today's buyers and sellers use a realtor (which is probably why Realtypin's free realtor profile page is so popular!) With so many people depending on a professional, they're depending on someone who's going to take their home just as seriously as they do!
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- First-time homebuyers
Even though sellers don't particularly care if they sell their home to a first-time buyer, they want to see more of those buyers venture into the market.
The more of them that enter the market, the better it is for the health of the market (a huge number of 20-somethings stayed away in 2012 over fears of market instability, and the number of home sales was very low as a result). If more of them enter the market, more sellers will feel better about selling their homes faster, and for more money.
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- Motivated buyers
First-timers or not, the faster a home can sell, the more it will sell for. In a time when home values are still much lower than they were a few years ago, sellers will do anything to prevent lowering their asking prices. Today's sellers will do just about anything to see excited buyers walk through the door!
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- Fewer foreclosures
The more foreclosures there are in a given neighborhood, the worse it is for all of the homeowners there. After all, foreclosures tend to be in bad shape (which is why they're considered "distressed"). Plus, bank-owned properties sell for much less than market value, so they wind up driving down everyone's property values.
Bottom line – the fewer foreclosures there are, the more money traditional sellers can get!
Media Contact: james paffrath RealtyPin, 514-836-1432, firstname.lastname@example.org
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