Steals or Deals
What’s the difference between a“deal” and a “steal” for buyers in the world of Fredericksburg Texas realestate? A “deal” can loosely bedefined as contract negotiated for between 10%-15% off of the asking price(assuming of course the asking price was reasonable to begin with, but that’sanother story). A “steal” can be defined as something you won’t find in thismarket (at least not yet anyway).
As mentioned in earlier posts, weare a discretionary market to a very large degree (e.g. buyers don’t have tobuy here and most sellers are not being “forced” to sell) and while theevidence is clear that the real estate market has softened in Fredericksburg,TX, it is also clear we are not in panic mode.
Buyers, if you’re looking for a“steal”, try Miami, Las Vegas or Detroit. If you’re looking for a “deal”, now is the time to be aggressivelylooking at the wealth of offerings in the market. You are best off doing so with an experienced professionalrepresenting your interests. Remember that the listing agent works for the seller, not you. Whileagents who are members of the Gillespie County MLS all have access to the sameinformation, it’s what an agent does with that information (combined with yourneeds) that makes all the difference in the “deal” you end up with.
Sellers please know that thebuyers in the current Fredericksburg real estate market are “deal hunters” andwill gravitate to what they perceive as the best bargain under their particularcircumstances. Does this mean youhave to give you property away? Ofcourse not, it simply means you have to price your property “right” from thebeginning and be flexible in your expectations and potential negotiations. There appear to be plenty of buyers outthere but remember that there is also much more for them to choose from thatusual.
Buyer’s should consider makingtheir offers sooner rather than later as interest rates are sure to increase. Sellers should consider putting theirbest price forward as soon as possible as interest rates are sure to rise andthe economy shows few signs of recovering anytime soon. You heard it here first!
