By Magazine offers tips to succeed in 2009 real estate market
An article in this month’s issue of REALTOR® Magazine takes a look at the National Association of REALTORS® 2009 economic forecast and then offers some tips on how to best maneuver in the market.
NAR predicts that existing home sales will edge up 6 percent this year, after falling for two years, but the real estate market is still expected to be difficult. New home sales are expected to continue dropping, the article says. Prices overall have decreased about 12 percent from their 2006 peak, the magazine said.
You’ve undoubtedly heard these tips offered up before, but they are worth repeating. Here are a few from the article:
_ Target areas where prices that are dropping quickly. David Howell, a broker in Viriginia, says that in some areas of his market where prices were well below their peak, sellers were getting multiple offers in fall 2008. He expects the trend to continue.
_ Communicate sales to consumers. Alicia Trevino of Alicia Trevino REALTORS®, in Mesquite, Texas, praises door hangers as cost-effective way to let residents know that homes are selling in the area. At the 2008 REALTORS® Conference & Expo, she said that “people get the perception I’m the only one out there selling,” because she is one of the few people in the area to use the hangers, the magazine said. Other effective communication tools are newsletters, “just-sold” postcards and e-newsletters.
For the full list of tips on home sales, plus forecasts and tips for for-sale inventory and mortgage financing, click here.
See Also
- Intero Real Estate Services- Find Real Estate, Property For Sale, Homes For Sale
Intero Real Estate Services is one of the premier real estate brokerages. Find real estate, properties, and homes for sale in Arizona, California, Colorado, Florida, Hawaii, Nevada and Texas. - National Association of REALTORS®, the Voice of Real Estate
NAR is the nation’s largest trade association, representing more than 1.3 million members in all aspects of the residential and commercial real estate industries. - REALTOR® Magazine, the official magazine for the National Association of REALTORS®
The magazine advances real estate best practices, brings expert insight to significant trends, and provides REALTORS® with timely decision-making tools on business purchases and strategies.
