The 'Spring Market' has been called off - permanently!
Yes, Ms. Seller it's true and perhaps you didn't hear the official news. The 'Spring Market' was called off in 2008 with
the official kick-off of the real estate down turn. I'm sorry that you didn't get the memo but houses have not been selling like they used to in 'the good old days' of real estate.
We no longer can add 5% to the normal market just because we can or because we 'used to'. Buyers will not be knocking down the doors to buy your over priced home. There are plenty of options for them, but then, you missed that email also.
You also must have missed all the media attention bombarding your senses daily that the real estate market has changed. Prices are not increasing but have decreased depending on the area. No, I cannot use a comparable sale in the next town to elevate your price. Nope, I can't use the sold townhouses down the street which are actually bigger than your single family home!
I can only sell your home for what it is worth 'now'. Today's price and certainly not the 'Spring Market' price of 2008. The market has evolved and this is the price that your home will sell for today. The buyers that will be viewing your home did get the memo that the market has changed. I believe they even carry it with them!
What your home is 'worth' is not determined by ~
- What you have in it.
- What you need out of it.
- What you want.
- What you heard your neighbor’s house sold for.
- How much it is insured for.
- Based on memories and treasures.
- Based on prices of homes where you are moving.
I'm sorry that you feel the home I sold you 9 years ago turned out to be a 'bad investment'. (I can't even get what I paid for it!) I'm sorry that you feel you had to 'spend all this money on repairs'. I will add that any home you buy must be maintained throughout it's lifetime and you might not get every dime you put into the house in repairs. After all, it's a repair not an improvement.
Speaking of which, I see your Mercedes in the driveway when I pulled up and I hope that you receive all those 'mechanical improvements' back when you sell the car. It's the least a buyer could do for you because you've changed the oil on a regular basis and got new tires. Do cars have a 'Spring Market'? I bet your car does!
Yes, I also miss the holiday called the 'Spring Market'. Wish I still had the t-shirt.
The Mistake Sellers Make by Re-Listing in the Spring
Comments (8)Subscribe to CommentsComment