If you need assistance, please call 702-476-0060

Today’s Homebuyers Want Lower Prices. Sellers Disagree.

Friday, April 17, 2020   /   by Ken Couture

Today’s Homebuyers Want Lower Prices. Sellers Disagree.

The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal on a home. Sellers, however, aren’t offering a discount these days; they’re holding steady on price.


According to the most recent NAR Flash Survey (a survey of real estate agents from across the country), agents were asked the following two questions:


1. “Have any of your sellers recently reduced their price to attract buyers?”


Their answer: 72% said their sellers have not lowered prices to attract buyers during this health crisis. 


2. “Are home buyers expecting lower prices now?”


Their answer: 63% of agents said their buyers were looking for a price reduction of at least 5%.

HomeBuyers.jpg

What We Do Know  


In today’s market, with everything changing and ongoing questions around when the economy will bounce back, it’s interesting to note that some buyers see this time as an opportunity to win big in the housing market. On the other hand, sellers are much more confident that they will not need to reduce their prices in order to sell their homes. Clearly, there are two different perspectives at play.

If you’re a buyer in today’s market, you might not see many sellers lowering their prices. If you’re a seller and don’t want to lower your price, you’re not alone. If you have questions on how to price your home, reach out to a local real estate professional today to discuss your needs and next steps.

For more info, visit us on:

www.CoutureRealtyLV.com

Follow us on: 

FB: Ken Couture Realty Your Home Sold Guaranteed

IG: @kencouturerealtylv

Twitter: @kencouture

Pinterest: kencouture

LinkedIn: Ken Couture Your Home Sold Guaranteed

Contact us at:

Ken@CoutureRealtyLV.com

702-476-0060

#KenCoutureRealty

#KenCouture

#KenCoutureYourHomeSoldGuaranteed

#LasVegas

#HomeForSale

#RealEstate

Couture Realty
Ken Couture
8367 W Flamingo Rd Suite 101
Las Vegas, NV 89147
702-476-0060

UP5DB701E1507748.jpgThe data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. The information being provided is for the consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. GLVAR MLS deems information reliable but not guaranteed. Copyright 2021 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
This site powered by CINC: www.cincpro.com