Dave Kinslowe  314-517-7224

Late summer, 2008

It remains a tough market!

Sellers have reduced their prices, but not to the point that most buyers are willing to commit.  The buyers that are out there primarily have reason to move- relocations, marriages, divorces, etc.  There are still less typical buyers who want to move up, move down, or try something new.

What's selling?  Houses and condos that are in excellent condition AND well priced.  Buyers can be picky right now- they will be very selective and negotiate hard on price and building inspection items.

If you are a buyer, you should be able to negotiate a lower price than you would have last year and should find a home in excellent condition.

If you are a seller, you need to make sure your property looks sharp and that everything works correctly.  This is not a year to go fishing with your price- price your property to sell.  You may need to provide an incentive to the buyer, such as a closing cost credit or credit for repairs or improvements.  You should plan on your property being on the market for 90-180 days unless you can make it stand out from the competition to attract one of the few buyers out there-call or email me for suggestions.  Because of the slow market, it is risky to put a lot of money in a house right now- you may still not get a buyer.

Your home HAS to to be on the top Web sites and the photos have to look great- don't use an agent who can't deliver a strong web presentation- 80% of buyers are using the Internet to shop.

These are my opinions, but I would be happy to run an analysis of the market where you would like to buy or sell. 

Contact me at 314-517-7224.