hey everybody how you doing good to see I just ran into the back way anyway good
to see you thanks for showing up how are you I hope you had a good week hello
ladies how are you that is Maria and Charlie we are all
with great way real estate so we are all realtor well we are all real estate
agents and so we're the business of helping our customers and we bring this
information to you in the hopes that you will you know keep us in mind when you
want to buy or sell your property there's our pitch here's our information
over the weekend Maria and I were sitting we watched the watch the news
and this came up on channel 7 what is that 17% is this terrible for Kendra
house at home sellers right with what do you think of that first of all which and
the thing that was odd to me is that I was working on our very own presentation
of the numbers at the same time so I looked at that I was kind of shocked I
was like that that really doesn't jive with what my numbers are saying so we're
gonna go up here we're gonna have a look at the numbers and get some information
from the professionals ladies yes you are here are the numbers I'm January /
December what are you thoughts on this well on the active we'll start at the
top the actives there is more active listings now than there was last month I
don't know if that's because they are staying on the market longer mm-hm and
if you see a year ago we have a significant amount of houses on the
market over last year at this time so I think that's great more housing more
houses on the market is more inventory right yes so we're talking up side
buyers yes on this market yes okay which which keeps us from being all the
bidding you know I think that's going to reduce some of the bidding wars that we
had the last couple of years because there was no inventory and everybody
had to get what was out there well now we have more to choose from you know
we're still low inventory but not you're not as it was last year and I think
sellers need to realize that they need to price accordingly if they want to get
their house sold in a timely manner instead of over pricing and knowing that
they're gonna get what they're over pricing it for I know that you got a
question over the weekend about a contingency whether people were still
doing that you said that maybe in this market what were your thoughts on that I
think contingencies right now are there going to be more accepted than they were
say last year last year nobody was accepting contingencies you know a
contingency means that you want to buy a house but you have a house to sell so
it's contingent on your you find in your new house before you sell your house and
I do see that happening a little bit more what since there's no bidding wars
I think it's gonna be easier for people to do that right and I think the whole
like Maria was saying the whole thing about this market is gonna be just
pricing because we are I don't think we're on some big down scale where the
markets falling and it's gonna be bad but we are adjusting because we got so
overpriced the last couple years that people don't make enough to purchase
houses at that price you know and it was tough on a lot of people where now we
are leveling out so our big thing is we've got to figure out where we are
leveling to and counsel sellers to price their house accordingly these sellers
can't go off of last year's numbers we can't go off a lot of here's numbers
even over we can't even use last summer's numbers to price a house right
now because there's been a lot of changes and so if you're a seller and
you were thinking that you're gonna wait it out because prices kept going up up
up up up they're not doing that and I don't see them doing that anymore in the
near future so if you're thinking of selling you probably want to get in now
while the prices are still you know up good and they are level work because
if you look at that bottom number right there um closing price over listing
price you know people aren't getting 100% anymore no it's I'm seeing a lot of
price reductions I checked the market every day and there's a lot of price
reductions right now so people are still thinking that they can go over what that
the market is saying that they can list their home for and then they're coming
to find out that that's that's not the case right now right yeah you know this
is why you need an experienced realtor this is why you need an experienced real
estate agent to come by and and help you with this people that know what they're
doing because you don't want somebody on-the-job training in this market right
well I do want to say also if you have an agent that says that they're going to
get $15,000 more than what the market showing you may want to think about that
agent because ultimately it's what the the neighborhood is going for is what
you're going to get for your home even if you have I always use Charlie's gold
statue in the backyard you know you have to realize that that your home is only
gonna you know you're only gonna get from your home what the the market is
showing what the neighborhood yeah what the neighborhood yeah you could have the
best house in the neighborhood but you're only gonna get at the top part of
that neighborhoods exactly you know I also want to say on the chart if you
look down at at the solds a year ago today there was even though we have more
inventory right now a lot more houses sold that's because the market was so
much faster you know so we you know our market has slowed I mean the numbers
show you that but I think we are still in a great market we're still one of the
top States for real estate so don't let anything scare you off but just be real
about what's happening and you know prices aren't going to go back up and
also if you're a buyer out there rates are still really good yeah what the
price is even a now and the race still being really good get in there before
they start raising they will rise yeah I agree
now the time that was the time for both
sides yeah it's time to make a move actually the pendulum you know it
usually goes from you know buyers market to seller's market and and you want to
buy right when you're about right here and I feel like that's right whereas
before it it's which is no I heard that a buyers market was six months worth of
inventory on the market and a seller's market is less than six I don't know you
dreamt that you know I'm sure there is there is some kind of steps like that I
heard about that I just don't know what that is we just buy a day by day and see
what's going on out there you know the real estate market is a lot like the
stock market and people say well I don't want to buy a house and then have the
bottom fall out well you just don't sell on the back it always does elute Lee I
truly believe that that real estate is is the best investment that you can make
because it will always come back yeah yep
Wow there you go thank you very much that's gonna be our show today did we
cover everything ladies other than we're in red today and we want to wish
everybody a very happy Valentine's Day this week is over lay off here hey there
we go they are wearing red this week happy Valentine oh happy Valentine's to
anyone out there who is you know in love just happy Valentine's Day I don't know
if it means other people oh you okay you could love your kids your dog why
our dogs nothing I was just me ready to say if you buy your dog Valentines
there's a problem there but
agree with that everybody oh no I'm you know I'm a dog guy you know outside that
sounded worse this is the same guy that said that if your dog was drowning you
save him
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