It's a BUYERS market baby! Have you seen that cell phone carrier commercial where they are promoting unlimited minutes, and it's a realtor talking to different clients... it always made me laugh because it seemed like she was such a 'stereotypical' (in the general public's eye) real estate agent. I thought of it again as I was working on this posting- specifically how at one point she is speaking to a seller telling them they are in control of the market, then answering another call and proclaiming, "It's a BUYERS market baby!!"

That filp-flopping immediately is a true example of how all of us full-time, professional realtors felt when the seller's market ended, almost overnight!!

Well it is certainly a TRUE Buyer's market out there- here's some info from other postings I have found online that I found very helpful for anyone considering a home purchase:

Taking Advantage of a Buyer's Market

Potential home buyers have been waiting with bated breath for a change in the real estate market. For many years the nationwide market trend has been a seller's market. In most markets, that has changed to some extent. With the construction boom this country has experienced over the past few years there is now an abundance of home inventory in many locations across the U.S. This has created that "buyer's market" people have been waiting for. In a buyer's market there are many homes and fewer buyers which makes owners have to be more competitive to attract those buyers.

The question is: "how can you best take advantage of a buyer's market?"

The first step is to get your financials in order so your mortgage approval can be done swiftly. With the money question answered you can move on to searching for the perfect home.

One thing you may notice about a buyer's market is that homes may tend to be listed for a longer period of time. This can work in your favor as sellers become more and more anxious the longer a home is on the market. This is not to say you can simply low ball them and steal a home but you may find they are more open to negotiation than they would be if the buyer's market was not a factor.

In a buyer's market you are in a naturally advantageous position and it can be easy to lose sight of the final goal. The main idea here is to find a great home that will suit you and your family for years to come or to form a piece of a well-planned investment portfolio. The idea is not to find the cheapest home or the most desperate sellers. Try to think in terms of what will fulfill the dynamic and changing needs of your life now and in the future. A well-planned home purchase can be the most gratifying purchase you'll ever make. It's all the sweeter if you just happen to get a great deal in the process.

We will be posting information here as often as possible to help buyer's better understand why NOW is the time to buy, as well as how sellers can make their homes stand out from the crowd!! So come back soon!

Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.phoenixareamls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!