Is it a “Buyer’s Market” or a “Buyers Market”?

April 13, 2009 · PruCalVoices · 4 Comments

The short answer is BOTH! What’s the difference and how can the market be both? A buyer’s market refers to a market where the conditions are more favorable toward the buyer. In real terms, the buyer has an upper hand in negotiations due to conditions. But what do I mean when I’m referring to a “buyers market”?

I’m referring to the incredible number of buyers we are now seeing in our local market signaling what may be the end of the the real estate free fall, at least in parts of the bay area. Just this morning, in my office’s weekly meeting, we discussed open house traffic over the weekend. Read more

Open House TOOOOO Crowded ???

January 20, 2009 · Shokoofeh Nowbakht · 9 Comments

Last week I had a really busy open house. I don’t know if this is particularly good. I don’t know if I were able to answer everyone’s questions and concerns. I tried to respond a little loud so that everyone in the room would hear me. I didn’t always had a chance to greet everyone as soon as they walked in the door, or hand them a flyer soon enough. I don’t think the buyers like a too busy open house either. I have heard complaints from my clients that he couldn’t move in the hallway, couldn’t see the kitchen well enough, or didn’t get a chance to check out the garage as well as he wanted. Read more