Nobody at the table feels like they're winning right now.
ποΈ Full Episode 340: tracyhayespodcast.com/340
Tracy Hayes says every deal right now has an extra twist in it, and he keeps hearing the same story: buyers wanting to cancel, or actually canceling, the day before closing.
Bailey Martin's read on why: people are nervous. There's a lot of uncertainty, they watch the news and the doom and the gloom, and they're scared, especially with prices high and rates high. Buyers feel like they're not getting a good deal.
And the sellers feel exactly the same way, because they have an inflated opinion of what they think their home is worth.
"But then the market lets them know what it is."
Both sides of the deal are not feeling amazing. That's the market you're negotiating in.
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