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Live like you are dying and list like you're bank owned.

Ann Arbor and Saline...List your home like it is bank owned.

Steve has some great points on it is less painful to hold on than to move on.

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I tell many Ann Arbor and Saline buyers that you are trading equity in a home that more meets your current needs.

Via Steve Loynd, Alpine Lakes Real Estate Inc., Loon Mt, NH.:

Live like you are dying, the lyrics of this Tim McGraw song speaks volumes to many different people.

As I listened to what this song is advocating, It occurred to me many sellers should heed this lesson. They put a price on a property that they think "someday" it may sell for. If moving on with your life requires the sale of a property you own...there is not an infinite amount of time to accomplish this sale. Life is Short.

What got me thinking about this, is I have several short sales a bank owned sale and a probate property that are pending. With these sales the process to close will be longer (in some cases much longer) than the time it took to find a buyer. The price was right, the buyers where motivated and the sellers showed their willingness to sell, by pricing the property to sell.

List like the market is dying. Life is Short.

#1 If you are going to buy after this sale...the sooner you sell the sooner you are in the buyers shoes (you are merely trading equity...if you buy a replacement property).

#2 Moving on is far less painful than hanging on (how many months of mortgages, taxes, insurance utilities will be spend holding...after you admit you want to sell).

#3 You may be better off renting for a time (dropping the major maintenance costs and healing your credit may put you in a better place in the long run than draining your savings, while waiting to score on unrealistic re-sales).

My Bucket list doesn't include living in a home I can't afford...and waiting for someone to over pay me for the same privileges. Life is Short.

                                                                                                                      Steve Loynd, White Mountain New Hampshire real Estate Expert

   steve@alpinelakes.com toll free 800-926-5653 /cell 603-381-7898

    MLS search and Realtor web site: www.alpinelakes.com

    My outside Blog: www.steveswhitemountainblog.com

   Lincoln NH & Local interest site: www.localism.com/nh/lincoln

Posted by Missy Caulk-Ann Arbor- Realtor(R)- Ann Arbor Real Estate on 10/27/2009 10:42 AM

Comments (11)

Originally posted at: Ann Arbor Undressed : Live like you are dying and list like you're bank owned.

11 Comments on Live like you are dying and list like you're bank owned.

OCT

This is a great post. I could not find it earlier when I went to look for it. Thanks for reposting. Have a blessed day!

Missy, I saw this in the newsletter and you re-blogged it before I had a chance to read it - very relevant post for our market. I'm going over to Steve's post to say the same!

Hi Missy - I like that phrase: Moving on is far less painful than hanging on. I think I'll use that one.

Missy a great reblog. The title was great as was the post.

Hi Missy, Susan and I must be on the same page as I thought that was a great phase as well. Maybe I will use that line as a title for a new post. Some good practical advise,no doubt. How was the game on Sunday? Coming from Ohio, Michigan was always on our mind.

Missy,

how quickly the market and our perception are changing. What Steve is saying today would be a shocker yesterday.

What we were ashamed of yesterday is OK today. When people are suddenly stripped off their clothes, they feel very awkward, but you can't feel awkward all the time, and that feeling fades.

We are walking naked for a couple of years already, and looks like we do not see and notice that we are naked.

OCT

Missy good reblog. Most sellers who intend to be buyers don't realize that by pricing to sell now they will get a better buy as a buyer.

I like the point that sometimes rental is a better option. The key is to enjoy life and that could mean simplifying your life by getting rid of a mortgage.

Missy good reblog. Most sellers who intend to be buyers don't realize that by pricing to sell now they will get a better buy as a buyer.

I like the point that sometimes rental is a better option. The key is to enjoy life and that could mean simplifying your life by getting rid of a mortgage.

Missy-

Interesting article, I may have to start following Steve.

OCT

This was a great reblog Missy ! Steve hit on some great points here.

Hope you are well !

OCT

Sellers in Ann Arbor area, Call Missy! She knows her area... read her blog and you will realize the effort and concern that she puts into her listings.

Just like this article that she has in her blog.

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