My tips to get through this market...

With 25 years in real estate I have experienced this type of market before. These are my tips to help you navigate this market, whether you are selling your home or buying one:

IF YOU'RE A SELLER:

• Set a realistic and reasonable price that reflects the 2008 market conditions.
• Do not cling to last years’ prices.
• Be flexible and open to negotiating price and terms with a buyer.
• Present your home in pristine condition! If it’s vacant - furnish it. Install new carpet, paint, and make cosmetic improvements wherever possible.
• Examine your price, buyer feedback and competition every 30 days .
• Adjust your market position early if there is no buyer interest.
• Work with the smartest, most experienced agent in your market place – it’ll cost you the same!

IF YOU'RE A BUYER:

• Buy a home with a plan to own and/or rent it for at least 5-7 years.
• Research financing options with a lender before entering the market.
• Buy and borrow only what you can afford.
• Bargain with sellers on price, terms and repairs.
• Work with an experienced and knowledgeable agent who can guide you through the process, show you the best values, and negotiate the best terms for you.

It’s a buyers market – don’t miss it!