Although I am not a fan of waking up in the early hours of the morning, I do have a wife and son who look forward to the shopping bonanza that was to have taken place. Even though there were some new block buster deals, the majority of what was offered was nothing more than the best deals that are routinely offered throughout the year.
For instance, Staples offered leather backed office chairs that are normally priced at $99 for only $39 as an early morning door buster. What many did not realize is that this was an offer that had been made earlier in the summer of which I took the opportunity and purchased 4 chairs.
Other chances to buy came and went in a brief instance as my wife learned while shopping for Leap Frog games for the V*Motion system. In the confusion and uproar of all the buying frenzy, she did not realize the 50% discount that was offered on certain games of which my son has asked Santa.
So what does all this have to do with real estate?
It became evident that the mindset of home buyers in this real estate market is similar to those holiday shoppers on Black Friday.
- Every one is looking for an out of this world bargain.
- There are great deals all the time; unfortunately, some are not aware of the deals as such.
- Home buyers often become confused by the media and consequently they don't recognize a good deal when it is presented.
Black Friday has come and gone. It's true success will not be known for many weeks to come. As for the real estate market, it's outcome may not be known for several years to come. Nonetheless, I love this business and guess what I picked up?
This year I learned What Black Friday and Real Estate Have In Common.
Five Recent Blog Posts of Interest:
- Are You Prepared to Help Waterfront Homeowners?
- Real Estate Is Cyclical So Let's Embrace It
- Existing-Home Sales Up, But Not All It's Cracked Up To Be!
- This Is The Week Ahead for November 22nd
- Save the Economy, Shop on Black Friday
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