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Graham and The Home Team's Blog

By Graham and The Home Team | Agent in Riverside, CA

As Competition Among Buyers Increases, What Strategy Should You Use To Get The House You Want?

An article posted September 12, 2012 on www.Money.CNN.com titled “Winning in a seller's housing market” outlines the issues buyers are facing in today’s market. Though this isn’t news for buyers who have been battling the challenges of today’s real estate market; there is a major discrepancy between the number of buyers looking to buy a home, and the number of owners looking to sell. Though most buyers seem to feel that prices have hit bottom, sellers are still hesitant. Many are either still underwater, or home values, thought slightly improved, are still too low for them to net what they would like on the sale.

The article states that in June of this year, the number of houses listed for sale nationwide is down 24% from what it was a year ago, and that there hasn’t been this big of a divide between supply and demand since 2006.

The big question is- what do you do about it? Below are some of the tips and strategies...

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