Main Line Homes Blog

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Yes...there are buyers out there!

Both Trudy and I held Open Houses for listings on Sunday. We both had excellent traffic with many buyers. I passed a new construction site on my way as well and noticed a parking lot full of cars. The week before I had visited another new consturction home site that was just releasing a new model near us in Kimberton and the place was packed with buyers. The iste agent said the day before they had also had good traffic.

So if you are thinking of selling there are buyers out there looking. The rates are low, and people are seriously wanting to find a home that suits their needs.

If you are buying or selling on or around Tredyffrin Easttown or along the Main Line we can help you,  contact us or connect

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Comment balloon 3 commentsNick Vandekar, 610-203-4543 • February 02 2007 07:27AM

Comments

Nick and Trudy,

Our phones are starting to ring more.  Bring on the buyers.

Posted by John Hruska (Homes Charlotte, LLC) over 12 years ago
This is good news for the real estate industry.  As a VA supporting local real estate professionals, I have heard how tough the past few months have been and it's really great to hear things may be picking up.  Real estate is a challenging industry to be in and I have a lot of respect for those of you that weather the bad with the good and just keep going.  Do you see the market (especially in Chester County) getting increasingly better in the coming spring?
Posted by Teresa Berger (Innovate Services) over 12 years ago

Yes, all the indications are that the market is improving in this region. We really only noticed a slowdown, not a collapse or a bursting of the bubble. The local economy is strong. Economic predictions for chester County are that sales will increase, whilst inventory will remain low, thus allowing prices to rise modestly, but not at the rate of previous years.

We notice buyers are more particular and less willing to accept issues with a home. This also seems unrealistic and a swing back from that extreme is needed. for example, buyers bid a low price and when accepted and inspections have been carried out then ask for large credits or seller assists for issues that are not material defects. They basically re-negotiate the deal to get a lower price. Sellers have to some extent gone along with this, but many many deals in our area fall through and the homes go back on the market.

But the point of the original entry is that there are buyers out there looking, the market has changed somewhat from buyers sitting on the sideline waiting or the market to change.

Posted by Nick Vandekar over 12 years ago

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