It’s the Home and the Area

The “right” home and neighborhood is absolutely critical to long
term quality of life. The right home is best sought in a Buyer’s
Market. Not only is the selection of homes greater, the number of
competing buyers has been artificially reduced. Highly qualified buyers
sit out a buyer’s market due to internal fears from external forces,
(e.g., friends , family, co-workers accompanied by gloomy media
reports). Other capable sidelined buyers are actually sellers waiting
for home prices in their neighborhood to…”bounce back” Flawed
thinking at best.

The Transaction and Condition of Properties

Homes for sale are in their best condition in a Buyer’s Market. Some
sellers want to make their home more marketable. When that seller
becomes a buyer and a seller in a Buyer’s Market, they usually will
have their home in good condition, as is often the case with the home
they are buying. A Buyer’s Market frequently allows the trading-up
or trading-down Buyer full contingencies across the board!
Including but not limited to, condition of the property, financing,
appraisal, disclosure and “sale and close” of buyer’s home
contingencies!

Consumer-Protection Equals Risk-Management

Real Estate Attorneys are swamped with unhappy buyer clients after a
Seller’s Market. Not the case after a Buyer’s Market! Slow or balanced
markets as a rule produce homes in better condition that are sold
with more disclosures, inspections, and contingencies. These
transactions usually allow proper time for buyers to review and
investigate before removing each contingency. It’s hard for
real estate attorneys to put their kids through college when all those
events occur. The chances of these sellers hearing from unhappy
buyers after close of escrow, have been greatly reduced.

Buying and Selling in a Seller’s Market (all bets are off)

Removing or reducing proper procedures that are intended to facilitat