foreign I want to get a good deal on my next house or I’m not buying one at all have you heard that one recently you think we’re going to hear it some more over the next few months sure we are we’re going to take three minutes I’m going to explain to you how to reset your buyer’s expectations who want a great deal in today’s market my name is Peter shabri with realtor level up and let’s go ahead and unpack unrealistic buyer expectations around getting a deal in today’s market what we need to know first is that 66 of all people are visual Learners so if we want to communicate something quickly and efficiently we want to give them some visuals what you’re looking at right here is a visual tool for resetting your client expectations around what a deal looks like and deals are had when a market is over supplied there’s more Supply than there is demand well the news is that we’re coming out of the most undersupplied Market this country has ever seen now a balanced Market as you may know is six months worth of inventory that is to say um it would take six months for all the buyers in today’s market to buy all the inventory if no new inventory was added we call that the absorption rate well if six months inventory is a balanced Market where Supply matches demand you can see over the course of the last 30 years or so we went during the Great Recession we were over supplied into this Market of the moment in 2021 there was only 2.3 months worth of inventory the most acute sellers market we’ve ever seen they’re projecting for 2022 that will finish with about 2.5 months worth of inventory well until we go to six months of inventory it’s still a seller’s market and so it’s for important for our buyers to understand despite what the media may say we are still in an undersupplied market and yes that will change over the next 12 months but not as profoundly as buyers may think and the reason why is so many sellers refinance and have a two percent three percent four percent five percent fixed loan they don’t want to move because interest rates have gone up and it’s more expensive to make that move so showing your clients this visual may help them understand getting a deal is not necessarily stealing a house it’s becoming a homeowner and participating and all the massive economic long-term benefits of home ownership now if you believe that this would be valuable to you in helping you set your clients expectations around getting a good deal go ahead and DM us email or if on YouTube leave a comment with your email below and I’ll go ahead and send this this slide here this information so that you can use it to inform and educate your clients on how to get a good deal what good value looks like in today’s market thanks for watching
