Fourteen years ago a gorgeous woman walked up to me at a concert and asked if I would like to go out for tea sometime.
Why tea? Well, this lovely lady did not drink coffee. Ever. She later explained that coffee didn't make her feel very well. It made her jumpy. It hurt her stomach. We started dating and I bought her loose leaf tea, tea strainers, and other tea related gifts.
Fast forward thirteen and 1/2 years. My formerly coffee-hating wife Teresa decided to try a little coffee one morning. Just a small cup with a lot of sugar and creamer.
Then she started drinking a cup every morning. Lots of creamer. Lots of sugar. We started making a larger pot in the morning.
This morning, things took an extraordinary turn. Teresa walked over to the coffeepot, poured herself a cup, added a touch of milk, skipped the sugar and took a big sip. WHAT!!!!
Suddenly, everything I thought I knew about my wife (and my very life) experienced a tectonic shift--an earth-shattering quake of massive proportions. I knew--KNEW--that my wife would never drink coffee. I knew--KNEW--she would certainly never drink it every day. I knew--KNEW--she would never drink coffee without sugar.
What I knew became wrong. It didn't start out wrong. I was right fourteen years ago. I just wasn't right this morning. What I knew had changed.
The same thing can happen when you list your house. You interview agents. You pick one that you can relate to, communicate with, and who can help you price and sell your house. You get it on the market...and nothing happens.
Sometimes that means that the agent didn't help you understand the market in the first place. However, there is another option. The real estate market is a volatile place right now. There is a real possibility that the market can shift radically from one day to the next.
For example, a couple of months ago the $8000 tax credit expired. On April 30th the market looked one way. On May 1st, it looked completely different.
Or maybe you look at the market, examine competing listings and sales and determine a price based on all available data. You list your home and then one week later three houses in better condition come on the market for the same price. Your market has radically shifted. Suddenly what you knew--KNEW--is no longer true.
A good real estate agent will help you understand what is going on after your home is listed, not just before. Here are few things they should consider.
1. Current listings: What is happening with active inventory? How does your house compare? Where do you fit into the picture?
2. Sold and pending properties: What has gone under contract and sold since your house went on the market? What made those houses sell when yours didn't? Understanding this information will help you make smart choices about your house.
3. Communication: It's not enough for an agent to look at these factors. The mark of a truly effective agent is how honestly they communicate about what they see, no matter how hard it might be to talk about.
In the end sometimes what you think you knew--KNEW--to be true turns out to be an entirely different situation and you have to adjust your home selling strategy or (far worse) share your coffee. When that happens, you have to shift what you knew to what is true and the best agents will help you get there.
Hi Chad,
Good point - I find alot of my seller's have switched from coffee to alcohol in this market - at least they don't feel the pain as much!!
Great introduction into some very good points! Come to think of it, the coffee/tea habits have changed dramatically in my house as well over the past 10 years! As they say, nothing stays the same.
Laurie's comment fits what I am experiencing in this market! LOL
Chad, this is a very good post about change and how it sneaks up on us!!
Great story Chad and an excellent transition into the current RE market. ~ Doug
I am sorry to say, but I think I know the answer to what has happened here. Your wife may be having an affair, and the person... either the man or woman, may simply be a coffee drinker. Uh oh. Hey, it happens. Sounds like you both need to go back to having tea. Good luck.
By the way... her going wild on drinking coffee, could be "grounds" for divorce. :)
Don't worry Chad, coffee is an acquired habit-I never drink it regularly til I was mid-20's but once I started...great post on gut truth and change in perception.
Great post and analogy! The market HAS dramatically changed. I shake my head when I see what has gone on is some neighborhoods. No one predicted the continuing dramatic decrease in values.
Change happens whether we want it to or not. It is best being in on it rather than having it forced on you!
Nice analogy, Chad! And just as you didn't dump your wife over the change, a seller shouldn't do that with an agent who presents a clear picture of the differing market.
I think that is a nice summation Evelyn. Thanks for the comment.
Also nice extension of the thought Irene. A seller should never dump an agent because the agent is good enough to look at the market and tell the truth.
Chad - Great story and so true too! This type of analogy can probably be applied to just about anything. The only thing I know is that things will change and change is good and we need to roll with them or we're going to get leveled by them.
I was the same way as your wife when I met my husband -a tea drinker. Then the slow switch to coffee with all the trimmings. I realized I can save alot of calories from my coffee habit. Today its a splash of 2% milk and we're good to go! Thanks for the new take on change in our real estate life.
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