As the Spring market bogs down with an array of bad economic data, housing starts hit record lows, resales slow, unemployment on the rise, the world financial markets gets hit with the Greece financial meltdown. Housing here in the in Central New Jersey seems to be struggling to make a bottom. We are starting to see the inventory shrink ever so slightly with many home owners unable or unwilling to sell only the motivated sellers are taking action. Buyers continue to have fear about the economic conditions and the continued price declines in housing. Even rates in the mid to low 4's does not seen to create excitement for the buyers and when they do they decide to take action they have so much inventory to view before making a decision.

As the economy here in the United States started to make strides the Greece financial meltdown has carried over to the U.S. financial markets. Confidence in a growing economy has dampened Many home sellers are concerned with the lack of activity of buyer visits and now see a much more difficult market ahead.

Pricing Ahead of the market is critical if you don't have an offer in the first 30 days a reduction is needed  getting a certified appraisal is well worth the cost of 500 or so dollars. It will allow you to support you marketing plan. Either way when that first offer comes in think long and hard about your response it could be the only offer you may get.  In this market the smart sellers are undercutting the competition when they list the property for sale and you should to.

Well the Greece we got is not going to help the housing wheel run  any smoother its up to you and me to make sure your home gets sold. Do all the updating before you go on the market, don't skimp, take short cuts or step over the things you need to get done. You cant live in your home for 15 years do nothing and expect to get the same amount of money the person who updates things as they go along. Don't whine about spending money now when you have not for the last number of years. Buyers today want clean, staged, updated and good values in the homes they purchase. Make sure your home is one that stands out.