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DEAR READER,
Alright it's time to get real about the market... For some of you the local market isn't as crazy about the product as they were just a few years ago.... the market's simply not being kind to you client's assets.. the lustful want is starting to wane....alas
YOU STARTED OUT WITH A HOT PROPERTY fresh on the market
Time is taking its toil... and as the weeks and months past... the just available comparables coming on the market
are not only newer, better looking but the owners are willing to accept lower prices..
Not only are they fresher, with more curb appeal but the owners don't over estimate their value and know sometimes you have to be willing to give and take and even sometimes take less in the bargain.....
are being a lot easier to deal with....and being nicer about it too!
To put it simply, they are willing to negotiate and work toward a successful closing.
Even If that means putting out a little more for less money to close the deal.. so be it.
They realize by waiting around, their assets are diminishing by the day
as their market value declines....
Now some just don't want to believe it, but the financial experts are weighing in
with their expert opinions... they've seen your property types go through these cycles many times over the years before.... with the same results.
What will you do... it's soon going to need more repair ,maintenance , even a remodeling face lift to stay current and somewhat competitive on the market. But the real age, even with a makeover, still shows.
and that's yet another costly expense on a diminishing asset. That's only going to cost more as the years go by.
YET THE SELLER KEEPS INSISTING SHE'S GOT THE BEST ON THE MARKET AND WANTS A MUCH HIGHER PRICE!
Now where to find a Buyer? when you want a quick close..
Maybe it's time to TRY CRAIGSLIST!_________________________________
O.K. SO YOU GO ONLINE AND PUT IN ALL OUT THERE ONLINE for all the world to see and judge.
you put your hook in the water and wait for a bite, a nibble perhaps.... then you'll set the hook!
but it's a diminishing asset and before you can close and seal the deal...& turn the looker into the buyer....
There's that appraisal from the bank- the value must be determined before the deal can be made..
will it really be worth the payments.... will the paperwork finally get signed, with the deal finally consummated ?
NOW WHAT..... CAN YOU BELIEVE THIS?.... THE SELLER CANN'T .....it's nowhere near what she's looking for...
It doesn't come in anywhere near what the seller wants ... nor does she want to hear this at all!
AND then to top it all off!
THE PROSPECTIVE BUYER BACKS OUT AND WON'T EVEN MAKE AN OFFER!
NOT AT ANYWHERE NEAR THAT PRICE!...
certainly not on a diminishing asset.....like what's being offered.. NOT AT ANY PRICE... no way!
The most he'd consider now and don't wait too much longer, is maybe a very short term lease.
What's a High Priced Seller to Do? She hears this.. but wait- She's got a top of the line LUXURY PROPERTY!
....she's young - time's on her side she decides... so she's willing to just sit on it a while and see who else is out there willing to buy at her price.... everybody should be interested in what she's got!
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so she decides to just sit tight...
Wait a while...
wait some
more......
still nothing.....
just too embarrassing......
but finally at some point... some of what she's been told finally sinks in....
the seller cann't stand it anymore.....
not in public like this....
just too much...
nothing's working out like she planned....
her friends, even her enemies have already closed their deals....
many a couple of years ago...
wait was that, like they said, ... the top of the market ....
but for her was it?......really was it?
oh NO! The seller refuses to believe this could ever happen to her! could the appraisal be right? did she wait too long to hit the top of the market... has the best price passed her by already? She was just holding out- like other seller's wanting the best deal... NOW
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JUST WHAT CAN THE SELLER DO....
LOOKS LIKE ONLY ONE THING... PULL THE PROPERTY OFF THE MARKET... TAKE THE AD DOWN...
even at the bank, nobody will claim to even have made that last appraisal now...
REMEMBER....time is passing and we dealing with a DIMINISHING ASSET!
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NOW IF SHE HAD JUST MADE A WISER DECISION AND GONE TO THE CORRECT AGENT for her type of assets (LIKE BLR therealty4u can be for Florida real estate!) and gotten the right consultant with the proper education & experience to thoughtfully advise, "stage" and correctly market it- how much better would her chances of finding a willing, hopefully ' handyman' buyer to lovingly care for her diminishing assets for the long haul!
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Now do you think, I've just made this story up? That it's not a true tall tale...Really now would I even consider doing that to my fellow sojourners rather than share real life truths that teach a lesson so much better? Well, I'll give you the published proof, and so do be sure to:
Check It OUT! You'll miss the whole point & a valuable lesson if you don't - YOU must follow the link!
BUT YOU MUST PROMISE ON YOUR HONOUR- & Active Rain -TO BE SURE TO HIT THE BACK KEY AND RETURN AND COMMENT ON THIS BLOG! (please as those who follow behind you need your advice and I like the read)
Have you promised me yet....really, .... ok I going to trust you... so here it is...
ENJOY: http://news.yahoo.com/s/nm/20071010/od_nm/newyork_husband_dc_1
Now it may seem some think about nothing much else but the wonderful world of real estate... and how it's all applicable with life; but it's just the way it is in real life- it's real life estate! SEE THERE- some things just go hand in hand - sometimes you just cann't help it! -that it can be the first thing that comes to mind no matter what's in the news...it's all kinda related...sorta like a marriage...the good, the bad, & the ugly..
But everybody do click back to this blog and comment... In all seriousness... do share what methods you're using to successfully close on your DEALS by FINDING BUYERS before having those DIMINISHING ASSETS still in inventory too long!
O.k. if you've read this far, and do solemnly promise to return and comment one way or the other, here's the link again so you can go now and learn a valuable PROFITABLE life lesson! and DO PASS IT ON- some still need to learn!
http://news.yahoo.com/s/nm/20071010/od_nm/newyork_husband_dc_1
MAKE IT A GREAT DAY EVERYDAY IN EVERYWAY POSSIBLE!
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