that I was being a real estate professional.  Do you ever get frustrated because your clients are wanting to do one thing and you know better not to do it.  Lately that was happening to me.  I had two clients that weren't listening to me no matter how many times I told them to do something totally different.  I know the market and I am seeing first hand what is going on.  BUT I was WRONG too.

My clients were being influenced by friends, family, and the media that you should be putting in low ball purchase offers.  But in the last few months the Metro Detroit real estate market has shifted.  You can't put in low ball offers and expect to get the home.  It isn't happen very often.  Sure it may be happening 5 to 10% of the time in certain cities.    But the majority of the time it is not happening.  So your chance of getting the home you want when you put in a low ball offer is slim.

There are a lot of town investors buying up low priced properties.  Real estate agents and ordinary people are investing in Wayne County and Oakland County real estate.  Add the first time home buyers that are getting the first time home buyers tax credit and you have a energized real estate market.

The dumps, homes that need work, and bad location homes are still sitting on the market.  But the nice homes price well are selling quickly.  That is where the quandary is for many Metro Detroit home buyers comes into play.

They are hearing and being told they should be bidding low because there are lots of home deals to be had.  But as a metro Detroit Realtor I see the market day in and day out.  I am showing houses every day right now.  All over the Detroit area.  I can spot the bargains and fair priced homes.  I am seeing the multiple offers on homes.  I am seeing homes sell in two or three days.

But some of the clients will not listen.  And it breaks my heart when they lose the house.  I don't even have the heart to tell them they need to listen to me.  I feel bad for them.  Good homes priced right can't be low balled.  Sometimes you even have to pay over list price.

I was frustrated and wanted to fire one client because they did it 3 times.  But they finally listened and got a home.  They had to pay full list price but the house was 40% off the high price 5 years ago.  It was list priced less than recently sold homes.  The client got a good home.

So I am glad I didn't go off the deep end with that client.  I had patience and it worked out.  I had to realize that they weren't seeing as many homes as I did.  They couldn't walk in and see the "bargain or the deal" right away.

I could see it but I can't expect them to believe me.  I don't have some red light that goes off or bells that ring when I see a deal.  The client doesn't know better.  They usually respond first to family and friends.  That is normal.  But it is still frustrating when they do the wrong thing.  I liken it to letting your kids learn the hard way.  You can't come down hard on them,  you sometimes you have to sit back, give them the right information, and let them make their decision.  No matter how hard it is to sit back and shut up. 

Search Livonia Real estate, Wayne County real estate, Oakland County real estate

Russ Ravary your Metro Detroit real estate agent