One of the biggest things that we are faced with still in our area, is the dreams of what was going on in 2004 and 2005. That day is gone.
What we have to do as a Realtor and as a professional is to educate our buyers as to TODAY'S Market. We
all sold properties in 2005 that we are having to sell for half of what they sold during the Good Ole Days!
When I have a seller to call me and say that they bought in 2005 and HAVE to SELL right a way..I just cringe.
Who knew? This is a nationwide happening, not a local problem.
We have to be honest with our sellers and give them the facts. And hopefully we will be able to relieve some of their pain.
I ask them to talk with their CPA or with an Attorney, but there are sometimes that they may need to just "walk away".