Seller’s Market a Year Away, Survey Says

Daily Real Estate News | March 25, 2011 | Share
Seller’s Market a Year Away, Survey Says
While buyer’s mostly control the real estate market now, Americans say that will soon change. More than 61 percent of Americans agree that a seller’s market is at least a year away, according to the latest Spending and Saving Tracker survey from American Express.

More than two in five Americans–or 41 percent–acknowledge that currently it’s a buyer’s market in real estate.

Forty-three percent of home owners said they are confident they would receive their asking price when selling their home, but 47 percent said they are not confident or “not at all” confident.

Yet, nearly 40 percent said they would not be willing to settle for less than their asking price.

To make a home more competitive in the marketplace, 44 percent of home owners surveyed said that to sell their home they would include appliances and 28 percent would consider offering to make requested repairs or allowing an allotment for repairs.

Source: “Consumers Agree–It’s a Good Time to Buy Real Estate,” RISMedia (March 25, 2011)