In real estate, we always strive to buy the largest home that we could afford.
We would always strive to buy the least expensive home on the block.
For 2011, I am suggesting that buyers buy location and what only is necessary.
Buyers need to think COST rather than PRICE.
My 1981 recession motto for 2011: “Nice but Not Necessary”
Sellers:
Sellers have gone through various levels of price adjustments. 2011 will remain a price sensitive market.
Competitive Price?
Compelling Price?
Overwhelming Price? If a seller wants to sell, the home must be an incredible VALUE for the PRICE.
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