I Just Checked the Experts at Realty Times About Our Market....Could You Be Any More WRONG?

By
Real Estate Broker/Owner with Don Sabinske, Sabinske & Associates Inc. 539MN

Realty Times has our market listed as a Buyer's Market today.   Let me tell you that is not the case.  Short sales, foreclosures, regular sales, if they are priced correctly are getting multiple offers above list. 

Yes, you read that correctly....MULTIPLE OFFERS above list.  How do I know this?   By being both a listing agent and selling agent, I have the bird's eye view of what is out there. 

I know that if a property has good bones, has a decent price and is in a fair area of Sherburne County, it will sell quickly. 

That is the key....correct pricing to put the seller in the cat-bird seat. 

But, we don't need the "experts" to put it out there that it is still a buyer's market because it most certainly is not.  At least not anymore. 

And, with interest rates rising, buyers need to move....and move quickly to get that home that they want NOW.

At least that is how I see it on this 17th day of April.  Don't say I didn't warn you that sometimes the "experts" can see their hands in front of their faces....

 

Posted by

Moving in Excellence!

Don Sabinske, Broker, GRI

www.donsabinske.com

Sabinske & Associates Inc.

763-350-7960

Specializing in Sherburne, Wright, Anoka and Hennepin Counties...We can help you move!

 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. LaNita Cates 04/17/2012 04:03 PM
  2. Gene Mundt 04/17/2012 04:49 PM
Topic:
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Ambassador
1,297,864
Praful Thakkar
Keller Williams Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Don, I have always seen a major disconnect between the electonic national media who claims to be 'knowledgable' about EVERY market - and real life situation. Wish you were the represenative for your area who can tell the TRUTH about your market to Realty Times...

April 17, 2012 09:24 PM #21
Rainmaker
648,939
Evelyn Kennedy
Gallagher & Lindsey, Alameda, California - Alameda, CA
Alameda, Real Estate, Alameda, CA

Don:

They are reporting on old news.  Markets are continually changing and if the media source does not have the correct statistics, their information is wrong.

April 17, 2012 09:47 PM #22
Rainmaker
659,697
Pamela Seley, REALTOR®
REALTY EXECUTIVES OTF - Temecula, CA
Menifee Lakes California Real Estate

Don, I guess they have to have something to write about. Best to find a local agent who is knowledgeable about their market.  Good that you pointed this out, 

April 17, 2012 11:30 PM #24
Ambassador
1,640,134
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Its definitely a seller market in my area. .if priced correctly

April 18, 2012 03:27 AM #25
Rainmaker
714,371
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota Real Estate Expert

I have been in a multiple offer situation at least on the last 12 offers I have wrote, and they are all but one above list price, some way above list price.  There is almost nothing left for buyers in the lower price range. Definately not a buyers market in this area.

April 18, 2012 03:54 AM #26
Rainer
276,790
Kathryn Maguire
GreatNorfolkHomes.com (757) 560-0881 - Chesapeake, VA
Serving Chesapeake, Norfolk, VA Beach

In my area, it depends on the neigborhood and the price point. You can't say the whole area is a buyer OR a seller's market. That is way oversimplified!

April 18, 2012 04:05 AM #27
Ambassador
808,645
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

As Kathyrn put it, real estate is local.  And those "experts" are ridiculous! 

April 18, 2012 04:58 AM #28
Rainmaker
236,692
Vanessa Saunders MBA MIMC CIPS FIABCI
Global Property Systems Real Estate - Nyack, NY
From Manhattan to the Catskills of New York

Yes Don, we too have areas where inventory is low and demand is high. I know several brokers reporting the same results for their territory. 

April 18, 2012 04:59 AM #29
Rainmaker
1,053,630
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

DON I completely agree. It is the same thing here in Nh as the number of homes listed is way  down and the amount of sales iw way up. We often experience multiple offers within days of all new listings that are priced at or just below market value. You have to remember the media are the same "experts" who took 2 years to report there was a problme after we were already experiencing and living it so there is no doubt they will be 1-2 years behond on declaring the home market is in strong recovery.

April 18, 2012 05:18 AM #30
Ambassador
928,265
Amanda and Jared Christiansen, YOUR Fort Wayne Realtors
Century 21 Bradley (260)704-0843 - Fort Wayne, IN
Century 21 Bradley.

Sounds like a great market to be in.  Congrats on the success and here's to a great 2012!!                              

April 18, 2012 05:44 AM #31
Rainmaker
976,230
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Pasadena Real Estate Representation 818.516.4393

Don -- it seems anyone can call himself/herself an expert --- saying it is so doesn't  make it true.  Congrats on the feature -well deserved.   

April 18, 2012 06:02 AM #32
Rainmaker
1,210,463
Richie Alan Naggar Author PEARLS SERIES of books
People first then business! Ran Right Realty Riverside, Ca - Riverside, CA
on LIFE and LOVE plus Real Estate too!

Better footing will be found I believe after the elections for both buyer and sellers alike...including the banks too

April 18, 2012 07:38 AM #33
Rainer
232,286
Donald Reich
Prudential Centennial - New Rochelle, NY

Buyer's market or sellers market . . . . it's irrelevant. Price a home right and it will sell. REALLY price it right, and you will get multiple offers. Overprice a home, and it won't sell. It's that simple!

April 18, 2012 07:56 AM #34
Rainmaker
295,745
Randi Brammer
Randi Brammer, Acctg. - Hinckley, MN
Accountant & Tax Preparer

It is sites like these that have hurt the industry and home ownership in general.

April 18, 2012 09:32 AM #35
Ambassador
1,724,673
Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

The market has picked up, inventory is reduced drastically and down in Florida we are indeed seeing prices starting to go UP.......would love to work referrals with you!!!!

April 18, 2012 02:54 PM #36
Rainer
307,049
Jennifer Chiongbian
Specializing in all types of Manhattan apts & townhouses - Manhattan, NY
Real Estate Broker - NYC

Congratulations on the feature!  Simple to the point and what buyers need to know NOW!

April 18, 2012 03:42 PM #37
Ambassador
1,861,728
Judi K Barrett
Judi Barrett~Integrity Real Estate Services~Idabel, Oklahoma - Idabel, OK
Broker/Owner, Integrity Real Estate Services -IDAB

Don, just popped back in to check to see what you've been writing about..  

April 18, 2012 06:57 PM #38
Rainmaker
497,276
Amanda S. Davidson
Living A Dream Real Estate - Alexandria, VA
Your Northern Virginia Realtor

Don- The "experts" are  wrong a whole lot more than they're right. I think it's sinking in with buyer's here - it takes that one lost property because they didn't write a strong offer and then they get with it...well...at least most do. Congrats on your feature!

April 19, 2012 12:55 PM #39
Ambassador
1,724,673
Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

The experts are actually the Realtors that deal with selling homes on a daily basis!

April 23, 2012 07:41 AM #40
Rainmaker
598,840
Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Don - The only ones in the real estate industry who should be allowed to be called an experty should be working Realtors.  By working, I mean a Realtor who is actively selling property.  Someone who hasn't sold anything in years and spends their time lecturing to working Realtors on how to be successful has no business being called an expert.  JMHO

May 01, 2012 07:45 PM #41
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Rainmaker
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Don Sabinske

Sabinske & Associates Inc.
Relocating to Sherburne County? Call me!
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