Proof that Gas Prices are affecting buyers in Charlottesville area

Getting feedback from Buyer’s Agents is one of the most persistent challenges a listing agent faces, yet good feedback is absolutely crucial to understanding buyers’ mindsets to help best advise sellers. Note this feedback received yesterday on one of my listings:

Shows much better than all the competition. My clients liked it the best of any they saw (here – about 15 minutes/10 miles to the City). They bought in (town) however. He will be at the JAG school and easy commute and gas prices made them choose in close.

The trouble is, when showing forty plus houses a week, it’s that more challenging to elicit feedback from Buyers Agents …

As a recap, If You Don’t Think Gas Price Are Affecting Buyers … You’re not paying attention.

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5 Comments

  1. Sara G July 11, 2008 at 12:58

    My company has had several people quit lately, at least one mentioned gas prices and the commute as a partial reason. She lived in Waynesboro and was commuting to Crozet.

    Reply
  2. Lynda Eisenmann July 15, 2008 at 20:28

    Seems to me like it impacting folks almost everywhere.

    In SoCal low prices took buyers to the Inland Empire for low cost housing with a 1 1/2 hour commute. Now they’re faced with homes worth much less (that they can’t sell) while they’re paying more for gas. Sorry to say it’s a loss anyway you look at it for those folks.

    Reply
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