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Archive for the 'The Market' Category

Buyers demanding all they can get

Yep, buyers are in calling the shot  in today’s slumping market. They’re asking for extras before they buy a house and they are getting them, according to a CNNMoney.com story.

  Rock-bottom price just isn’t enough for buyers these days - it’s a starting point. If the furnace is out of date, they’ll demand a new one. Cracked driveways have to be repaved, and dirty carpeting torn out and replaced. All at the seller’s expense.

Buyers are in the driver’s seat and they know it. They’re using that leverage to pry more concessions out of desperate sellers than they ever dreamed of during the bubble.

“‘Now it’s my turn,’ is the attitude,” said Mike Byrd, a real estate agent with SLO Home Store in San Luis Obispo, Calif. “Some buyers are really putting the screws on.”

In New England, buyers are demanding that sellers pay to fill up a home’s heating oil tank. In California, sellers are forking over closing costs. Nearly everywhere, buyers are insisting that sellers purchase a home service contract providing a one year warranty on all of a home’s appliances.

Posted on Thursday, September 4th, 2008
Under: The Market | Comments Off

A turning point or pointless numbers

Posted on Wednesday, August 27th, 2008
Under: The Market | Comments Off

New homes sales: A false hope?

Posted on Tuesday, August 26th, 2008
Under: The Market | Comments Off

Foreclosures are increasing the rental market

Posted on Tuesday, August 19th, 2008
Under: Foreclosure Fever, The Market | Comments Off

What about renters?

Posted on Thursday, August 14th, 2008
Under: The Market | Comments Off

East Bay homes prices down overall but some spots see hikes

Posted on Tuesday, August 12th, 2008
Under: Price Check, The Market | Comments Off

Pending home sales rise

Posted on Thursday, August 7th, 2008
Under: The Market | Comments Off

Landlords could be facing hard times

Posted on Wednesday, August 6th, 2008
Under: Price Check, The Market | 5 Comments »

R.I.P. IndyMac

Posted on Saturday, July 12th, 2008
Under: Mortgage Mania, The Market | 2 Comments »

Senate Says No More Buyer Assistance!

Posted on Friday, July 11th, 2008
Under: House Hunt, Mortgage Mania, The Market | 1 Comment »