except for a brief period in 2009 it's really been a vendors market in my area ... but lately the worm has turned (evil laugh).
We've got low offers in on 3 properties, thru two agents in the same agency, to see who comes to the party ... and all three vendors want our money. Bit of a shock position to be in.
One prepared to take a loss on 2008 purchase prices of up to $700,000 - another a loss of $300,000 - not sure on the details of the third.
Had a ruefully laugh with one of the agents about it - he was chatting to the other about they "didn't like being in this situation" and then they realised that is how the buyers had been feelings for the last decade.
Fortunately one of the areas in which we are trying to unload some property is still hot.
I suspect it's a good time to buy - now we just have to choose
We've got low offers in on 3 properties, thru two agents in the same agency, to see who comes to the party ... and all three vendors want our money. Bit of a shock position to be in.
One prepared to take a loss on 2008 purchase prices of up to $700,000 - another a loss of $300,000 - not sure on the details of the third.
Had a ruefully laugh with one of the agents about it - he was chatting to the other about they "didn't like being in this situation" and then they realised that is how the buyers had been feelings for the last decade.
Fortunately one of the areas in which we are trying to unload some property is still hot.
I suspect it's a good time to buy - now we just have to choose
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