One of the most difficult things about this business is that we are dealing with all new players every time we enter into a new transaction. In other business, you may have a vendor or a client that you get to know the way they react to a negotiation. A good broker can use his or her vast experience to try to make the best educated decision on how to advise a client in the negation process. Hopefully things work out well more often than not. You never know which buyer will be the best candidate. All you can do is use your knowledge and intuition. It sounds like the sellers brokers should have chosen you, but for some reason they did not. Do you have a good buyers broker? If so, why aren't they selling you better to the listing broker? Are you really presenting yourself in the best light that you can? Sometimes it is small things that can mean a lot to a seller. Not always your offer price. Also, If you are serious about buying, you may need to accept that some sellers are not willing to fix a long list of items after inspection. Best of luck to you on your search. Don't give up. It will happen!... more
The data for the last six months is below:
Condominium Listings: 120 Avg. Liv.Area SqFt: 1,310.56 Avg. List$: $352,566 Avg. List$/SqFt: $280 Avg. DOM: 77.33 Avg. Sale$: $345,175 Avg. Sale$/SqFt: $274... more
Real estate follows banking industry (remember recent colapse of the mortgage industry caused by subprime lending practices?) which caused seriousl impact on the local and even global economy.
Reading between the lines I'm hearing the question "should I buy a condo now or not?" and my answer is: YES, if you can afford it! There hasn't been such an opportune moment as it is now as compared to, at least, the past 30 years when the interest rates have gotten to be historically low and the prices have not been going up for the past 6 years!
I'd say, if you want and can buy, don't hesitate. Just be smart about what and where you are buying.... more
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