If I Had a Crystal Ball, I'd Be Sipping Mai Tais

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Real Estate Agent with Donovan Blatt Realty 01267479

If I Had a Crystal Ball, I'd Be Sipping Mai Tais

 

Many clients have asked me if the market has hit the bottom, when it will rebound, whether their home will have increased X% in Y years from now.

My response to all of them is simple, if I had a crystal ball, I'd be sipping mai tais on my own private island.  Since that obviously isn't the case, the best that I can do is show them the current market and what has happened in the past.

 

Magic Mirror

I then explain that we really need to explore the reasons why they are buying or selling to determine if this is the best time for them rather than trying to guess what the future will bring.

I wish I had a crystal ball or even a magic mirror.  Since I don't, I'll have to stick to just the facts ma'am.

 

Originally Posted at: If I Had a Crystal Ball

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Click Orange County homes for sale to view all OC homes for sale.

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Rainmaker
647,685
Team Honeycutt
Allen Tate - Concord, NC

I have been asked all types of questions that I could not possibly give a knowledgable answer to. I always pretty much answer like you did.

Betty

 

Apr 29, 2012 02:58 AM #1
Rainmaker
364,905
Sharon Lord
Maracay Homes - Peoria, AZ
New Home Advisor

Christine - "mai tais on my own island" sounds heavenly....!  Great response to a question that no one can answer with 100% accuracy!

Apr 29, 2012 02:58 AM #2
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2,009,952
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Betty - There is no other truthful way to answer.

Sharon - Doesn't it sound perfect? 

Richard - I'm good with that.  Any island in particular?

 

Apr 29, 2012 03:34 AM #4
Rainmaker
420,748
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Christine, 

Fabulous response.  I respond that I wish I knew, here are the local trends we are seeing, however, there are a number of factors that can send this either way, so I just don't know if we are at a final bottom or a temporary bottom.   My clients respect that, as I can't promise a bottom without that magic ball. 

All the best, Michelle

 

Apr 29, 2012 07:58 AM #6
Ambassador
464,635
Stacey Smith
Keller Williams Realty - Aliso Viejo, CA
Your Orange County Beach Cities Realtor

We can show our clients the facts all day but we can only hope the will listen to us..

Apr 29, 2012 08:58 AM #7
Rainer
147,767
Michael S. Bolton
Michael S. Bolton,Inc. - Zimmerman, MN
MN Appraiser

Christine~I love your photo! I think the real estate industry put themselves in somewhat of a tough spot when for years they told the public that real estate is a good investment, and obviously that isn't the case in many areas of the country right now. 

I believe in your approach, have people assess their needs and see what works for them. Getting people to realize all of the benefits of owning home, other just dollars and sense should be the focus.

Have an AWESOME day!

 

 

 

Apr 29, 2012 09:30 AM #8
Rainmaker
506,030
Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Christine, I'd tell them to do just what I did today....take a drive around and see all the Real Estate signs with and Under Contract sign beneath them....sales are good!

Apr 29, 2012 01:40 PM #9
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Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Richard -  I like the way you think.

Michelle - It's always that elusive ball, isn't it?

Stacey - You're right.  All we can do is hope they can hear us.

Michael - I think it makes sense for peopl to look at their own needs and wants as they decide if now is the right time.

Ellen - That's not a bad idea.

Apr 29, 2012 03:09 PM #10
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