Real Estate Statistics for October

At least Rick Astley is there for you.

I was going to throw a bunch of stats at you and show you the grim outlook. You can see that anywhere. We're different here.

There is no doubt that solds are down, listings are up and the inventory of houses available is swelling as we approach the traditional high tide. Now what? It is important to keep your head about you. If you are purchasing another home, know where your budgets lye and hold hard and fast on the bottom line.

Problem is that your spouse REALLY wants the house with the conditional offer in on it. How will you be able to purchase that house if you can't get yours sold in a buyers market? Ever consider letting your offer go and coming in with a new offer? I mean here we are in a buyers market and you have an offer in that was made when we all had a better outlook.

Take control of the market and continue to sell your house. The market will tell you what it will accept as a selling price for your house. Once you have an offer presented you generally have 48 hours to accept it. Adjust your budget, taking into account the new selling price, figure what you can now afford for the house you want and make a new offer. A firm offer in a slow market heading into the winter should have some negotiating power. Give them 24 hours to accept. If they accept, you accept.

That new house needs to know that you're never going to give it up so don't let it down