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re: Playing Chicken
Posted by: Anonymous
Date: Feb. 28, 2007
julie - i do appreciate receiving the "blogs" they all have merit and some of course have more application than others. ALL are beneficial. i also like that I can put them all together in one message. Well this is the week for the broker's exam on Saturday. I look forward to seeing the message PASSED have a great week and oh by the way get some reast, brief study time and you will be READY for Saturday.
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re: Playing Chicken
Posted by: Todd Middleton
Date: Feb. 28, 2007
The current market is very much a buyers market; especially so where buyers are not depending on an existing home to sell. The only unknown is the cost of first trusts. Sellers that need to move that property had better look more realistically at where the price should be to sell rather than than list
With the Chinese market adjusting downward, putting pressure on the global economy no one knows where the value of 10 year treasury bonds will go.
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re: Playing Chicken
Posted by: Patti Thomas
Date: Feb. 28, 2007
Just curious as to what is the average percentage of home sales, due to job relocation? Seems if the number was high enough, this would make playing the "chicken game", a little more difficult.
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re: Playing Chicken
Todd,
I'd agree that in this game of chicken buyers may have the upper hand. Generally speaking sellers are more likely to be desperate to sell than buyers are to be desperate to buy!
Patti,
You've definitely figured it out as well! If you have to sell, you probably have fewer options for postponing that sale than buyers do. The one exception to this I'm seeing is where the company that's transferring you buys the house from you if you're unable to sell on your own.
Julie
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