For buyers of real estate in Sequim or Port Angeles, this is most definitely a buyer’s market. It’s a bad time for sellers, but WOW what a good time for buyers. Sure it’s unfortunate for sellers. I have many good friends and clients who are selling, and I certainly wouldn’t wish anything but good for each of them. But let’s face reality on the buyer side for a moment. Buyer’s could not have better market conditions in Sequim and Port Angeles, whether they are buying an existing home or a lot on which to build a home.
Here’s the challenge for buyers. When everyone is saying the market has bottomed, that means you’re long past the bottom and prices are already headed upward. Remember, whether it is real estate or the stock market, the majority are always wrong.
Whatever your timing, let me encourage you to hire an exclusive buyer’s agent when you do decide to make a move. For your own protection, I strongly urge you not to hire the listing agent, because then you will have a dual agent, and your agent will have to promise to get you the lowest possible price while also promising to get the highest possible price for the seller. Think about it. Do you really want an agent who has a conflict of interest representing you? Email or call me.
Last Updated on December 11, 2008 by Chuck Marunde