Word: buyer
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FIRST JOB BUYER AT FOLEY'S IN HOUSTON...
...eight to 10 weeks) is to hit the field with a bang; the house should look sharp (fresh paint, fresh flowers) and be priced to move. "People used to try a higher price and see what happened," says Realtor Judy Moore, based in Lexington, Mass. "Today, when the buyer has so many choices, you don't want to sit on the market for 30 days and then reduce your price. That buyer is long gone...
...visit, I saw little evidence that video pirates were running scared. Vendors openly hawked copies of recent Hollywood hits along with popular films from India's film industry, Bollywood. Many of the covers featured misspellings - Judd Apatow's Knicked Up, anyone? - but at $3 each, it's still a buyer's market...
Such thinking clearly resonates with millions of people in their 40s, 50s and 60s who are keeping the second-home market alive. Last year, even as sales of primary residences fell, vacation-home sales rose nearly 5%, says the National Association of Realtors. The typical buyer of a vacation home was 44; a third of those people said they plan to move to the home full time later...
...foreclosure process, so as default rates soar, more are willing to negotiate with real estate agents representing a bid that's technically too low. (Short sales are becoming so commonplace that Beitler added a chapter about them in the upcoming second edition of his book.) The downside, from a buyer's perspective, is that even after a bank agrees to consider a short sale, it might taken months to respond to a specific offer...