Buyers and Sellers Still Find It Hard to Meet on Price

The business of getting buyer and seller to agree on a price was exacerbated during the pandemic. Now that an end to the health crisis is hopefully in sight, have those tensions eased? As with all things real estate related, the answer is conditional. “It depends on your location and product type,” Edward Easton, chairman of the Easton Group, tells GlobeSt.com.

“Up until now, there was a big gap. Properties weren’t trading that often,” he says. But some areas have shaken loose in his home area. “In the industrial market in Miami, the bids and asks are not far apart, and the buyers are bidding up,” Easton adds. “It is kind of the case in rental housing, also. I don’t think that’s the case in retail.”