The Paris terror attacks are another example of the despicable horror being perpetrated throughout the world.
Will they impact our local real estate market?
Buyers drop out every day for a variety of reasons – mostly because the houses they can afford are not up to their standard. This terrorist act will cause some to pause the home search and wait until next year to see what happens. But there will always be buyers available for the quality properties.
Will sellers panic?
After the 9/11 attacks, our local real estate market stalled for a couple of weeks. But it bounced back quickly, and within a month it was back to normal.
The sellers are the key. Will they hurry up and list their home now, instead of waiting for spring? It’s doubtful that a terrorist attack in Paris will change the plans of home sellers here – especially about their price. Until we experience another attack in America, sellers will shrug it off and proceed will their plan.