By Gino Blefari, President & CEO, Intero Real Estate Services, Inc.
As we kick off 2014, it’s already abundantly clear that in many places it’s a seller’s market out there.
Even more evidence to prop up this argument has cropped up in the last week as a survey conducted by Redfin found that more buyers are realizing they have to compromise more in order to get the home they want.
By compromise, they mean pay more and accept less.
The Redfin survey revealed that 35% of real estate agents said that buyers are now “willing to pay more” to find a home compared to last summer. An additional 30% of agents said that buyers are more flexible about must-have features and lowering their expectations of what their money can buy.
Good news for sellers, right?
As we kick off 2014, it’s already abundantly clear that in many places it’s a seller’s market out there.Even more evidence to prop up this argument has cropped up in the last week as a survey conducted by Redfin found that more buyers are realizing they have to compromise more in order to get the home they want.
By compromise, they mean pay more and accept less.
The Redfin survey revealed that 35% of real estate agents said that buyers are now “willing to pay more” to find a home compared to last summer. An additional 30% of agents said that buyers are more flexible about must-have features and lowering their expectations of what their money can buy.
Good news for sellers, right?
