I know that many Real Estate agents rose to the occasion of the Real Estate crash and took on the Short Sale dynamics and prevailed. Pure chaos when this introduced itself remember? Couldn't get through to the banks with phone calls, documents lost, files misplaced, different personnel every week and then it became the norm. Let me remind all you professionals and lovers of business of something
BUSINESS REQUIRES A RETURN ON INVESTMENT
There is no way a business can survive or thrive when someone in the transaction is losing. Yes opportunities abound for investors and home buyers I wont deny that. However, the normal rules of business are clear. Selling something at a loss is not normal business and cannot sustain itself. You see it violates the traditional concepts described as follows:
WIN-WIN or WIN
When two people come together or even three, the promise is and should be that they all prosper better for it. This would be a win win or win. However, if one of those players lost their money (lose) or broke even (draw) commonly known as a LOSE or a DRAW, how long would you think they would stay in the game or even return to it? Playing to lose or break even doesn't make sense
WIN LOSE DRAW
On the DRAW aspect, why would anyone wake up in the morning and decided to just trade dollars? Wouldn't they want to make dollars instead? Investors don't play to break even. That is near impossible to do because there are just too many unknowns. The incentive to PLAY is that you will WIN and not lose or break even
REMEMBER THIS WORD...EVER HEAR OF IT?
I remember a time in the marketplace where the AMERICAN people had something that you all will remember fondly. It is called EQUITY. I know it is a strange sounding word to come out of anyone's lips now a days, but there was a time when sellers stood to get back all their down payment money plus something else too...
OH BRING THIS WORD BACK
Her is another strange and unfamiliar sounding word..APPRECIATION. Yes, your investment or down payment actually made money sitting in your home doing nothing while you came and went and enjoyed the benefits of home ownership. Pure joy was to right before you go to bed, calculate what your home was worth if you were to sell tomorrow and then drift off to sleep.
TO HAVE AND TO HOLD
You see when people have equity and appreciation working for them, then they feel good and they express those feelings by buying things...spending money and making investments. The economy thrives, jobs abound and the dollar becomes something to have to and to hold but also to spend
BYE BYE... SHORT SALES ALREADY
Short sales have to go. They are interfering with a normal, stabilized market that we know works, allows many to prosper and causes all who play or dabble with it or in it to WIN...Short Sales must decrease so that the accepted and normal practices may enter back in
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