Bad news for sellers: Buyers avoiding real estate
Owners trying to sell their homes don’t need any more bad news. Unfortunately for them, a new survey by the Associated Press and and AOL Money & Finance just gave them some.
The survey, which has generated a lot of buzz, says that 60 percent of mortgage holders won’t buy a home in the next two years. This, of course, is not a good statistic for anyone trying to sell.
How frustrating is it these days to be a home seller? Housing prices are down. Sellers are willing to compromise on repairs, financial incentives and closing dates. And still, many buyers are hesitant to jump back into the market. What can sellers do?
I’d love to hear from all you home sellers out there. How much of a struggle has it been for you as your house has sat on the market? How many times have you had to reduce the price of your house? Is the real estate market in your area getting any stronger?
Tags: AOL, Associated-Press, selling a house, stagnating home pricesRelated Stories
POSTED IN: Breaking News, Buying a Property, Insights and Commentaries, Mortgage, Road to Profits, Selling a Property
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