Good Grief might have something to do with it!
(Lake Tahoe Real Estate Blog / October 6, 2010 / Richard Bolen)
We’ve thought about this for a while, and there’s just no way to dance around it. The South Lake Tahoe, CA real estate market, the sooner one accepts a truism or two about it, well… the happier, and more successful one will be with it.
Our take on the market is it is what it is. It is not a good nor a bad real estate market; it is the market we have. That is always the case at any given moment. We might ad these moments, lets call them trends, can come with certain advantages. Right now the advantage goes to the buyer.
In our current market climate, and we understand it’s rather simplistic, our observations over most of this year bring us to two basic conclusions that every seller and buyer should know:
1. If one is a Seller, your house will sell for less than what you’d like.
2. If one is a Buyer, the house you want will sell for more than what you’d like.
Whether one is listing a house for sale, or starting the buying process, if one would accept these basic realities, the selling and buying process will certainly come with less stress. And sellers will actually sell for more, rather than less, and buyers will not as often lose that perfect house for them.
Acceptance of these two points does not mean, of course, that a seller won’t get top dollar, or a buyer will pay more than they should. There is just a difference between market reality, you know- what the market will bear, and the market that only exists in a seller or a buyer’s mind.
Before a buyer or a seller gets to acceptance of market reality, there is often a period of denial that both a seller and a buyer must overcome. We wish that were not so, and we certainly write about market reality a lot. Our goal is to try to help make it easier to transcend denial, and get into market acceptance.
Good Grief :
In thinking about denial, you know our inability to process the obvious (we all do that from time to time), it makes sense to contemplate grief for a moment, and more precisely grief recovery.
In considering grief recovery, there are five basic steps to it. Denial is the first of these hurdles to overcome on the road to acceptance and success thereafter. Lets look, just for drill, at the five stages of grief recovery as it relates to selling or buying a house.
Before we do that though, we think it important to affirm that we are not being frivolous about the concept of grief recovery. There is a National Grief Recovery Institute that does exceptional work in this important psychological and human emotion field. It’s founder, John James, is a friend.
Grief recovery is normally associated with mending your own broken heart, usually over the loss of a loved one. But it also covers divorce, estrangements, health issues, and financial change.
In any event, grief recovery addresses issues of loss, and it is a serious process to consider when that loss, whatever it might be, limits ones ability to participate fully in life.
Now onto grief recovery over the national housing market in general, and South Lake Tahoe in particular.
Continue reading “The One Thing Every South Lake Tahoe Home Seller and Buyer Must Know.” on our main blog.
Other posts of interest:
Oct 2, 2010: Better News for Buyers… another drop in the median sold price
Sep 10, 2010: It’s About Lifestyle, not the House!
Apr 5, 2010: More International Appeal than Usual
Mar 10, 2010: Two Friends Talkin’ About Real Estate
Aug 14, 2009: Another Look at Home Values
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