Todays Homebuyers want lower prices. Sellers disagree.

April 1, 2021

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Today’s Homebuyers Want Lower Prices. Sellers Disagree.

The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal on a home. Sellers, however, aren’t offering a discount these days; they’re holding steady on price.

According to the most recent NAR Flash Survey (a survey of real estate agents from across the country), agents were asked the following two questions:

1. “Have any of your sellers recently reduced their price to attract buyers?”

Their answer: 72% said their sellers have not lowered prices to attract buyers during this health crisis. 

2. “Are home buyers expecting lower prices now?”

Their answer: 63% of agents said their buyers were looking for a price reduction of at least 5%.Today’s Homebuyers Want Lower Prices. Sellers Disagree. | MyKCM

What We Do Know  

In today’s market, with everything changing and ongoing questions around when the economy will bounce back, it’s interesting to note that some buyers see this time as an opportunity to win big in the housing market. On the other hand, sellers are much more confident that they will not need to reduce their prices in order to sell their homes. Clearly, there are two different perspectives at play.

Bottom Line

If you’re a buyer in today’s market, you might not see many sellers lowering their prices. If you’re a seller and don’t want to lower your price, you’re not alone. If you have questions on how to price your home, let’s connect today to discuss your real estate needs and next steps.

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As a real estate attorney, I interact with hundreds of realtors. I wholdheartedly recommend David Worth. He is highly experienced, knowledgeable, and incredibly easy to work with. He goes above and beyond to negotiate for his clients and stays engaged throughout the transaction.
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As a real estate attorney, I interact with hundreds of realtors. I wholdheartedly recommend David Worth. He is highly experienced, knowledgeable, and incredibly easy to work with. He goes above and beyond to negotiate for his clients and stays engaged throughout the transaction.
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We are excited to share our exceptional experience with Mr. David Worth in purchasing our new home at the Falcon Trace subdivision, near Hunter’s Creek here in Orlando. From start to finish, David demonstrated unparalleled professionalism, expertise, and dedication. Navigating the home-buying process can be scary and bring a ton of uncertainty, but David made it seamless and enjoyable. His patience and understanding were remarkable as we explored numerous properties to find our perfect home. We physically looked at 12 homes, and had him research online at least 5 more. He never pressured us to make a hasty decision, instead providing insightful guidance and support every step of the way. What truly sets David apart is his communication skills. David was always in touch with us either via phone, text or email. On the negotiation process, David tirelessly advocated on our behalf, ensuring we received the best possible deal. His knowledge of the market and strategic approach saved us both time and money, making us feel confident and well-represented throughout the negotiation process. Due to other competing commitments, we could not attend important milestones/engagements, such as the inspection of the home, and the appraisal. David attended both gladly and supervised the entire process. We can’t thank him enough for that. We are now proud homeowners in Falcon Trace, and we owe it all to David. His commitment to our satisfaction and their genuine care for our needs exceeded all our expectations. We wholeheartedly recommend David to anyone looking to buy or sell a home.
Pepe Mayor
I am writing this review to express my deepest gratitude and commendation for the exceptional service provided by our realtor Mr. David Worth. David helped us sell our Sawgrass property in Orlando Florida. Selling a house can be a daunting process, and it was even more challenging with the various drawbacks we faced with the potential...
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Page Leindecker
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Thrive Counseling (Guidance with Garcia)
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Thrive Counseling (Guidance with Garcia)
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Khayan Martinez
I worked with David as a Loan Officer, and he was fantastic to work with throughout the entire process. Was always accessible to keep communication flowing through all parties involved, always involved in the process ensuring his client's best interest and also helping along the process with any knowledge he had to make sure the process was kept smooth for everyone in the transaction. Definitely looking forward to working with him again, and wouldn't hesitate a second ti recommend him as a realtor to any of my clients.
Khayan Martinez
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I had the pleasure of working alongside David in a collaborative effort. This partnership was a fantastic experience, even though it had MaNy obstacles, we worked together to get this deal done for our clients. His expertise, communication and teamwork are exceptional.
Xitlali Guerra
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Karen Chavez

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