Thought this was interesting... spoke with a client yesterday who said she wasnted to SELL - but SUZY said DON'T!  Tried to explain to the seller that we don't live in one of "those" areas...

 

14 Comments on Suzy ORMAN on Real Estate

Susan

Is coming on with a lot of steam lately. She makes a lot of sense.

Thanks

Tom Braatz

01/08/2008 02:35 PM by Tom Braatz, South Eastern Wisconsin (Tom Braatz)


Every market is different her statement is general in my market , the price point have not drooped as the media talks about them 

01/08/2008 02:44 PM by Raj Rajpal (Wells Fargo Home Mortgage)


How depressing - notice that she doesn't say what "those areas" are, and she doen't recommend consulting with a local expert (your neighborhood realtor). At least she says it's a good time to buy, but once again, depending on your area, in some places an offer of 98% of asking price is a great deal, in others it's 80%.

C'mon, Suze, you know all real estate is local! Making blanket statements about how to behave in any market, especially when you're a nationally recognized expert, can hurt as many people as it helps(sigh). 

01/08/2008 02:56 PM by Rich Alpers (Colorado Private MLS)


Rich - In the Raleigh market - you CAN NOT offer 2002 prices and get more than a HUGE laugh!

01/08/2008 03:03 PM by Eleanor Thorne, Cary Mortgage Loans (Meridian Residential)


I guess you just look at it for what it is:)  Her opinion.  Don't listen to her tips if she is hurting your business:)  Then, she will feel your power.

01/08/2008 05:23 PM by Frances C. Rokicki, Broker~Mentor (Fran Rokicki Realty, LLC)


Suze blew her credibility, whatever she had.

Completely irresponsible histrionics.

Good thing we have YouTube for documentation of that sort of behavior.

And I thought it was just for drunk college kids...

01/08/2008 10:00 PM by Mike Jaquish Keller Williams Realty, Cary, NC (Keller Williams Realty)


People get so "hung up" on an advisor - then every word they say is TRUE!  I'm glad Oprah hasn't started talking about the Real Estate market doom and gloom .... at least I haven't heard

01/09/2008 05:36 AM by Kim Wood REALTOR(R), PA (RE/MAX Main Line)


Mike - Kim :  You guys are right!  THe LAST THING we need is for OPRAH to start talking about who AWFUL things are!  There are really only 7 areas that are in bad shape - its' a big country!

01/09/2008 07:04 AM by Eleanor Thorne, Cary Mortgage Loans (Meridian Residential)


Suzy gets on my nerves.  I have, on occassion, watched her advice and I just have to laugh.  First of all, alot of the situations that are posed can be answered with "duh!".  For instance, I have a $300,000 mortgage, I owe $75,000 in credit cards and am starting to pay only the minimum, but I was wonderfing, should I buy the $50,000 boat (on credit) and pay to store it at the lake? 

As for her real estate advice?  The market is LOCAL!  Why there is an overall, intertwining theme nationally, it is localized.  Eleanor, you and I both live in a thriving, healthy market, we both know that.  Um, should a seller sell? "Duh!"  While I am hit every now and then with the low ball to no ball offers my sellers, for the most part, are receiving offers fair enough to open the lines of communication.

01/09/2008 07:55 AM by Leesa L. Finley, REALTOR® (Circa Properties)


Lessa!  As always I love your FRANK approach!  How do ya' REALLY FEEL??

01/09/2008 08:04 AM by Eleanor Thorne, Cary Mortgage Loans (Meridian Residential)


There is sooo much drivel out there passing itself of as advice or knowwledge. I particualrly enjoy the cable nes passing the opinion of a bystander off as a news item... or the opinion of a hack which is even worse... but the scary part is people watch, listen and believe.

01/09/2008 08:24 AM by Perrin Cornell, ABR (Windermere RE/NCW)


Suzie -- 2002 prices - how are we ever going to get anything accomplished? I will tell you something I have been experiencing sellers are willing to negotiate in the Raleigh Market. Sellers are under selling just to move on.

01/10/2008 10:11 AM by Rebecca Savitski NC Real Estate Listings (NC List for Less Realty Incorporated)


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Loan Officer: Eleanor Thorne, Cary Mortgage Loans (Meridian Residential)
Eleanor Thorne, Cary Mortgage Loans
Cary, NC
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