Finding a Buyer for a Diminishing Asset! Hard even on Craigslist?

By
Real Estate Agent with Beach and Luxury Realty, Inc.

 

My fellow BEACH & LUXURY GROUP MEMBERS,

have learned something new again today... you can only post to 5 groups... not six or more... the rest will be ignored..

THAT SHOULDN'T BE WHEN ITS THE BEACH & LUXURY REALTY INC. GROUP!  BEING  EXCLUDED...how dare they?

 

Anyway rather than simply reposting and suffer the wrath of the AR censors.. I shall modify slightly the blog title and simply give you the link..

I do ask for you to follow it, read the blog and do comment back....  (tell me what you think, any advice etc...)..

Hope you can ENJOY this one.... at least a little.... maybe there's a lesson.... or a sweeter method to share a point with someone who needs to at  least  listen  to your opinion & thoughts when they come seeking a consultation...

AND REMEMBER TO SHARE with me how you are  "FINDING BUYERS FOR DIMINISHING ASSETS!"  NOW?  as am more than willing to listen to other ways that have  worked  for you!

Here's the link ,  but please don't forgot to write!

(Whoops!  NOW just LOOK HERE!     Can you really believe this?   even my inner computer must of been offended by the blr group slight! -     what a very light  touch on the mighty  mouse just  pasted for my Beach & Luxury Group members!.... Isn't that nice, you save both time and a key stroke as well as another spin of your HARD DRIVE!!!    (now AR censors- you must forgive the little mighty clicker- but since it's already here for these nice people- no use in changing it again...) besides everyone  must click on another link to fully understand this blog  & enjoy it.... THEN MUST,  please do - CLICK BACK and LEAVE your COMMENTS.....good or bad... 

 Hopefully with that  almost mysterious  pasting - there's not a word   missing and it's all  made the  trip unaltered to  this page .)

 and  truly THANKS A LOT for  reading along & for  your coming comments too...

 Well HERE'S the blog, hope you enjoy the read:

 

Finding Buyers for a Diminishing Asset! Hard even on Craigslist?

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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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Comments (4)

BLR Guy
BLRGUY(Beach & Luxury Realty Inc) - Saint Pete Beach, FL

WOW..The Leprechaun is really working here!This was so good..it got posted twice!LOL

I do agree,choosing the right agent is very important!

Oct 11, 2007 11:13 PM
blreast therealty4u
Beach and Luxury Realty, Inc. - New Smyrna Beach, FL

blrguy- thanks for the comments-

glad you agree that "The right agent, blreast is very important,  & blr  therealty4u!"

(now that's the exact quote right!

And yes, sometimes you must post, post, & repost..

 

If at first you don't succeed...

one ending is :  TRY TRY and TRY  again...

maybe with a weight loss and hair cut &   trim ...

plus perhaps  a name change thrown in!!!!

 

 Another alternative ending is:

(well I'll just save that number of words for another comment or blog!)

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Oct 12, 2007 02:54 AM
Wayne Miller
San Diego, CA

Hey blreast,

I really liked that story about diminishing returns and how the stock broker linked the "gold digger" to an asset. How this story relates to real estate is that some home owners are looking for gold in a depreciating asset.  Now is the time to retire the asset by pricing it according to what the market.   

Oct 13, 2007 01:29 AM
blreast therealty4u
Beach and Luxury Realty, Inc. - New Smyrna Beach, FL

 

Hey Wayne,

     See you're on the blog today!  Yes, the banker PUT THE NUMBERS TO HER ALRIGHT!

I see a lot of  'examples' that can come from that little story!   And maybe some lesson to learn as well.

Kinda like when people buy a tract home in a nondescript sub, and just cann't understand how they cann't sell it USED for as much as the new one the builder has just upgraded!   Or that it may be possible, especially with some materials cheaper now than a couple of years ago during the hurricanes and maybe more so cause they need the cash flow, even at a loss- that builders will undercut their asking prices to unload the vacant specs homes they've still got..

   Can someone help them Think LONG TERM! unless they must short sell?

Oct 13, 2007 02:16 AM