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My favorite part of my job is handing the keys over at the end of escrow, and seeing their face the first time they unlock the door to their home. I simply can't describe how much I love it when that happens. However, in my quest to get them in to a house they love I find, and I'm sure we're all seeing it, that they have a distinct impression that they can take their time and consider writing up offers. They have such thoughts of the market is so slow I can wait and see if the price drops.

I am now seeing this with the seventh client IN A ROW! It takes them either writing up an offer and getting out bid, or they make the decision to write up the offer and the home is already pending before they finally get that sense of urgency. Then it almost gets to a panicked session where they want to write up an offer on any old thing, and you really have to put on screening questions to make sure they don't just jump into a house.

I'm really glad our team uses a systematic database that records all of our clients' wants and needs in the home we are helping them find. I find it especially helps when after  my client says "lets write up an offer" and I can then as a professional ask discerning questions for clarification to make sure it really is a match for their wants and needs.. The last thing I want is for one of my clients buying a house out of fear.

I just wish it wouldn't take a loss to get them motivated, but unfortunately with the media reporting as it is it takes something drastic to change their view of the situation.

Team Chacon Logo Reading "Your Home Run Real Estate Team"
 

4 Comments on It takes a loss to get them off the Fence

MAR
05
2008
Yes, there are sooo many buyers on the fence right now that if they wait for everyone to jump in the water, there won't be room for everyone.  Why more people aren't taking advantage of the nicest buyer's market we've had in over a decade is beyond me. 
6:27pm • #1
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Seth, It does take some patience and sharper sales skills than it used to.  Over the last 3 years I would tell my clients when they get in the car.  "We are going to see 7 homes that will be sold this week, if you want one we need to write it up today."  "By the way you should expect to pay more than asking price.  Did you bring your checkbook?"

So I dont mind this market that much.  haha

6:28pm • #2
334,372 Points 1 Featured Post Outside Blog

Hey Seth a great number of the clients are doing these things due to the media and as a professional we have to do a lot of educating.  Good job pointing it out to everyone :)  Good luck on your business and hope all is going great for ya! 

Tom Davis - Delaware Agent

6:35pm • #3
225,623 Points Localism Sponsor Outside Blog
I agree- There are some fantastic buys in this market. Some people are taking advantage of this buyers market while others are taking a wait and see attitude. There is never a bad time to make a good decision.
6:41pm • #4

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Carolina Chacon and Seth T. J. Miller

West Covina, CA

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Address: 2694 E Garvey Ave South #216, West Covina, CA, 91791

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