In this volatile market, working with the right agent is essential.
The market has definitely been through a shift recently. With rising interest rates and stock market volatility, some people feel very insecure about their financial futures. All of this is affecting the local real estate market, and it’s more important than ever for buyers and sellers to be mindful of who they choose to work with.
There are over 22,000 real estate agents in our local Palm Beach market, meaning that it’s very likely for buyers and sellers to have a friend or relative with their license. In the previous, easy market, it may have been okay to work with somebody like that, but no longer. In this trickier market, it’s crucial that you select and hire an agent with professionalism and experience. An experienced professional will bring their years of experience to the table, adding value to any real estate transaction. A newer agent, or one who doesn’t work at this full time, just cannot bring that same value.
"Experienced, professional agents bring integrity to the table."
Experienced agents will know that candor, honesty, and truly having their clients’ best interests at heart is the best way forward in this kind of market. Articulating
the situation clearly and being able to use and demonstrate the available data are essential to open communication with the client.
Laurie recently had a seller reach out to us, asking for help because her listing was sitting too long on the market. This seller had canceled their listing agreement and decided to approach the Scherer team and the Karp group to help them out. We pointed out that their listing was too high and that the marketing for it wasn’t aimed at the right audience. After 45 days with their previous listing, we were able to get them under contract in only six days.
This same experience is what we also offer buyers. We educate our buyers on how to write offers and how to be specific in what they are targeting. This integrity and candor are what experienced, professional agents can bring to the table.
If you have any questions or are considering buying or selling in this market, please feel free to reach out to us, we’d love to assist you! Call or email us anytime.