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Last summer your neighbors put their house on the market and had so many buyers that they were on the winning side of a bidding war. Now you are trying to sell your home, and there's just no action.
The real estate marketplace is very unpredictable. Many factors come into play, the most important being interest rates and prevailing sales prices. In a strong seller's market, prices tend to escalate until they reach a certain point where buyers begin to just say no and listing inventories increase. When this happens, sellers who price their homes at the higher level of previous sales prices must re-think their pricing strategies. If they don't, their homes may not sell. Whether you are buying or selling a home, it is important to remember that the shift from a seller's to a buyer's market can occur very quickly. You can count on your agent for sound advice on what phase the market is in right now.
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| Q |
In what movie did a cute extra-terrestrial take refuge in a California home on a cul-de-sac with a mountain peak towering behind it?
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| A |
Steven Spielberg's 1982 classic "E.T." was filmed in a real house on Lonzo Street, Tujunga, northeast of the San Fernando Valley.
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Jeff Peters
RE/MAX Associates of Lancaster
570 Lausch Lane, Suite 100
Lancaster, PA 17601
717-581-4737
Fax: 717-560-7728
jeffpeters1@NUMBER1EXPERT.com
As a life long resident of Lancaster, I have a deep knowledge of the different communities within the county. Working with new home sales and corporate relocation for over 10 years, I have been successful in finding homes for Hundreds of Families. Representing both buyers and sellers, I strive to exceed all my client and customer's expectations.
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