Story of a homebuyer in mid- 2007

I would like to share a recent story to illustrate the market and the term, “buyer integration.” Keep in mind; I’m not trying to sell myself. I’m trying to sell the market as what it is for buyers and sellers. For the last three months, my client and I have been looking for the right property for her. We went to view properties and thought we found it the first day. Gorgeous place, in her price range and in the area she desired. After a handful of calls and emails, we concluded that they didn’t sell it. The property was later taken off the market. A day or two later, I get an email from my buyer…titled, “Plan B.” We viewed those, agreed on one, and went for it. When I called, it had an offer. The week after, I found a few more and emailed her the listings… “Plan C.” We found one with the same floor plan as plan B, so we put an offer on it. Long story short, they were unmotivated and leased the place when we cancelled the offer. Why did we cancel the offer? Plan D, the condo next door, same floor plan, was listed at the same price and was much better. This place is beautiful, well kept, and since the owners had it for long enough, they were motivated, willing to make a deal with us, and we are now in escrow. We could not have found a better place for her to call home. We even had to switch lenders to get her the best rate, service, and satisfaction possible!!
So, after patience and a willingness to work all the way to “Plan D” with a “Plan B” loan, my client is happy as can be that after a short, thirty day escrow, she will be able to call this place home. That is what it is all about!! The market is such that buyers can find exactly what they want, given the inventory numbers and the ever increasing willingness of sellers. Sellers are making money off their properties if they have owned it for a little while. These Sellers are beginning to feel the motivation of the buyers and are more confident to list their home. They, in turn, become buyers to do what my buyer just did…find the place of her dreams at the price she can afford! Where are you in this dream?