So, how's the market? The TRUTH!

The 20 million dollar question for real estate agents these days - "So, how is the market"....well - here ya go...
The market is great. There are plenty of buyers and they are all very anxious to buy NOW! The interest rates for mortgages are at all time lows and prices are down - there has never been a better time to buy and probably won't be a better time to buy again in our life times.
So...why are there so many homes on the market then? There are so many homes on the market because sellers are not accepting the reality of the market. The buyers determine the price of your home - nothing else! It doesn't matter how much you paid for it. It doesn't matter how many upgrades you made. It doesn't matter how much you need for your next down payment. ALL THAT MATTERS IS WHAT A BUYER IS WILLING TO PAY FOR IT.
Buyers today are smart. With today's technology buyers have access to more data than ever before. They KNOW what homes are selling for. They will NOT over pay for a home.
Think of it this way - if you went to Best Buy and found a computer for $1200 and then went to Wal-mart and found the very same computer also for $1200 but it came with free speakers and a 1 year internet subscription....which one would you buy? Or, if you went to Best Buy and found a computer for $200 and then found the same one at Wal-mart for $500 which one would you buy? Buying and selling a home is NO different.
So, yes - homes are selling and there are plenty of buyers.
Sellers - do yourself a favor and find a realtor who is not afraid to break the news to you that your house is not worth what it was a few years ago. Find an educated agent who sells real estate FULL time (not a hobby or side job). Find an educated agent who knows the market and knows property values - one who has their hands dirty from digging into the facts day in and day out. Don't choose the realtor who agrees to price your home at whatever number you pull out of the air...you'll still be owning that home for years to come. Get the facts, study the numbers, and make an eductated decision based on current market data. Price your house right and it will sell!