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A Few Thoughts on Perception

By
Services for Real Estate Pros with RE/MAX Momentum

I spend a good deal of my day hearing people say things like "well in this economy" or "in this market" with nothing but negative connotations.  The economy and market we are in is completely out of our control, what we can control is our approach to it. There are boundless opportunities offered by every situation the difference is how we perceive it. I realize it is cliché but what people believe really makes the reality they live in. The ideas of lost value and home deprecation are stamped into people's minds by an overactive media that let a brief period of over inflation define actual market value.  Value is defined by what people are willing to pay and is a very fluid commodity, and like anything liquid will find its own level even after being sloshed. I am by no means suggesting we must all wait for calm water but simply step outside the negative and embrace the opportunity that is today.

Margaret Goss
@Properties - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

You are absolutely right - it's hard to get sellers to understand that they haven't "lost" money because they are selling now instead of 4 years ago.  I like the idea of telling them it was a "brief period of over inflation."

Feb 02, 2011 05:45 AM
Ellen Wright Adams
Academy Mortgage.......We are a Equal Housing Lender - Eugene, OR
LoansByEllen- Licensed in Oregon
Troy: You make a great point. It reminds me of something I heard a couple days ago: Things work out best for those that make the best of the way things work out. Have a great day.
Feb 02, 2011 05:57 AM
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

Troy:  So true, we really cannot be held responsible if a property does not sell.   I used to feel responsible but not any more, I do everything in my power the way I am supposed to and if the property is priced too high there is nothing I can do!   I can remember a consumer stating that the last agent they had wanted them to price the home at market so they wouldn't have to "Work"!!!   An overpriced home is not going to sell no matter how much it is marketed!!!

Mar 03, 2011 03:02 PM