Most of you know, I am a listing agent with four buyer agents. Buying a home in today’s market is wonderful. Buyers are able to get some great homes for very good prices, something maybe out of their price range several years ago. Buyers are fun to work with they are so excited when they find their future home.
You can see the light in their eyes and a smile on their face when they know it is the house for them.
I am sad, like a big weight on my shoulders after I meet with sellers and do their Comparative Market Analysis. I hate to tell them the truth. I tell them the truth, but I hate it.
They purchased their homes with smiles on their faces and hope for a wonderful future. Then life happens, they get laid off by the “Big 3”, they get a job transfer, their company closes down, they finish medical school and are ready to start their careers, whatever….
Then the bad news, their home has not gone up in value, but decreased in value.
Many parts of the country, are only experiencing this down-turn since 2006 or 2007. We have been going through it in Michigan since 2001, before 9-11.
In Michigan, “The Big 3” started laying people off in their effort to restructure the automobile industry. When you live in an area, that is so dominate on one industry it trickles down and touches other companies that make “things” for the cars. Like mirrors, screws, dash boards, etc…
I am a positive person, I think ya’ll know that. I had a great year in 2007, personally. But, even so….. I am sad………so sad……….sometimes all this mess just gets to me. My heart is heavy.
I want my sellers to be able to at least break even on their house in this market; but most have to “bring in money” to close on their houses. I’ve had Physicians bring in up to $25,000.00 to close on their house. That is sad to me.
I did a CMA, today for a wonderful family that I sold a house to in 2004. She was starting Medical School at University of Michigan. They bought a house that needed work. Boy, did they do it, new windows, new roof, refinished hardwood floors, new Jacuzzi tub, crown moldings, interior doors, new deck, remodeled bathroom with high end ceramic. The house is impeccable!
I can’t sell their home for what they paid in 2004, even with ALL the upgrades. That makes me sad……….
I have a client who gave up a good teaching position teaching here to go teach in Africa. We are 50,000 below what she paid in 2005, and it still has not sold. She is sacrificing in more ways than one.
I know we have to sell in any market, but Dad-Gummet this is sad. I feel so sorry and heart-broken for my sellers.
Thanks for letting me express my sadness.
I know some of you go through this too.
***Guess this won’t go in Sally’s group, Positive Attitude for the Weary Soul.***
;)
Links;)
Tags (Tag Cloud)
Missy, I feel your pain. I feel it, because I too bought in 2006 and have lost about 70k in my personal home. I am in a little different position for I am not selling at this point. I hope things work out for your friends.