Should I sell my home quickly before the recession?

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394
https://activerain.com/droplet/5kCJ

Answering difficult questions is a large part of being a Realtor. Here in the Manchester NH area there are some that are asking about recession. Now what the media is reporting and what we are seeing in our daily tasks of listing and selling homes is completely different. Lucky for me, the September Active Rain Challenge asks us about these subjects. Below I share with you my answers.

 

#1. How will you be educating your clients and or consumers with regard to new market chalenges? For me, I have already bgun a campaign to let buyers and sellers know the "real" conditions here in NH. What you hear in the media is not so correct. It is not what we see here  in NH. With our unemployment rate the lowest in the country at below 2.5%. With a real estate market the strongest we have seen. With low interest rates attracting many new buyers to the market. All show a very strong economy and no signs of recession. Sadly the media is throwing around the term for political purposes. 

 

 

 

#2 What will you do differently in the upcoming year that you haven’t had to do in the last 5 years? For me, It is about finding new ways to reaching out to consumers.  Many consumers start their search on their Internet. Many also believe a lot of things they read, just because it is on the Internet. My goal is to educate buyers and sellers on what is real, what works and what is not so real ad does not work. There are so many agents and so much information, it is easy for a consumer to be confused. If I can get a couple of minutes with that consumer, I love the opportunity to go over the RIGHT way to buy and sell a home. To go over what SHOULD happen. To go over what they should demand, what will help and what may hurt them. That you get what you pay for, and that discount brokerage can cost you more than it saves. 

 

 

#3 What is the most important message I want Buyers and Sellers to know? That perhaps the most important message is that all agents are not created equal. That consumers should take the time to hire the best, not the biggest agents or agency. That my philosophy is simple, to provide more personal and professional service to guide my clients through each step of the buying or selling process.

 

 

 

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 32 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
New Hampshire Hillsborough County Manchester
Groups:
Bananatude
Bartender, Make it a Double
ActiveRain Contests
Crap-Tacular
Old Farts Club

Spam prevention
Show All Comments
Rainer
497,458
Dörte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Scott,

Selling for a possible recession is like selling all your stocks in your retirement portfolio for the same reason. If you will need your house for another decade or more to live in it or are not retiring for at least the same timeframe, there is no reason to jump for possible blips in the market. It could also go the other way and then you missed a nice uptick.

Sep 05, 2019 06:30 AM #25
Rainmaker
1,228,961
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

While I agree that real estate is local local local in many ways, Scott Godzyk  ... there are some "indicators" and statistics in the economy that historically have proven to have reliable track records.  They have the power to affect us all, no matter our locale.  Some housing markets are strong and can withstand those "indicators".  That certainly sounds like the definition of your market.  Others, such as my Chicagoland area currently, is far more sensitive to even the slightest changes in the economy.  The media (and our industry) should inform and educate the public as to the changes being seen ... but not bludgeon them.  As with most topics, that is what the media is doing.  Ultimately, it's up to the individual to get and stay informed and make their own decisions ...

Gene

Sep 05, 2019 07:40 AM #26
Rainer
4,710
Michael Fourte
Fourte Real Estate - Montclair, NJ
Michael Fourte is the CEO of Fourte Real Estate.

the title definitely caught my eye as well

Sep 05, 2019 10:13 AM #27
Rainmaker
1,215,605
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Scott Godzyk - Barbara Todaro hit the nail on the head on this one. 

Sep 05, 2019 12:22 PM #28
Rainmaker
623,522
Brian L. Sirota, Esq.
Bristar Realty (Realtor/Attorney) - Orange, CA
For Solutions: (714) 501-7660

Scott, while many economists (including Robert Shiller of the famed Shiller Index) are forecasting the possibility of a recession 1-2 years up the road, I personally wouldn't attempt to play economist or fortune teller.

However, I think you did a fine job explaining a presently strong market.  Confining your comments to the current state of affairs is appropriate. 

In the final analysis, Barbara Todaro is totally on point:  It's a decision based on the personal needs and desires of the consumer. 

Sep 05, 2019 12:31 PM #29
Rainmaker
434,754
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

Scott, I agree with Barbara #1, you should sell your home when you need to sell. Trying to figure out when to sell based on what the market is going to do,is a fools errand!

Sep 05, 2019 02:11 PM #30
Rainer
476,889
Kimo Jarrett
WikiWiki Realty - Huntington Beach, CA
Pro Lifestyle Solutions

How could anyone believe anything that the MSM reports, most is simply fake news, politically slanted and ideology driven.

The economy is strong, yet there will always be pockets of despair and inequities, especially in areas that are governed by liberal government administrators that depend on their constituents being and remain being dependent on government subsidies.

Unfortunately, these people won't even qualify to purchase real estate, yet, for those that own real estate and do believe a recession is eminent and don't consult with a professional real estate agent about selling their property IMO will suffer irreparable consequences. 

Sep 05, 2019 09:53 PM #31
Rainmaker
2,994,719
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

The problem with  "the media" is  more and more people are learning not to trust it Mike Easton. In this business I use everything that there is to my advanatage and that includes their news casts. By people questioning what they see on tv or online it opens a conversation which allows me an opportunity to gain a new client   

Sep 06, 2019 05:19 AM #32
Rainmaker
2,994,719
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Some days I question if there is any common sense left Richie Alan Naggar. But no matter, it is a conversation starter and that allows me to meet lots of new potential buyers and sellers that i can tell what is really happening 

Sep 06, 2019 05:21 AM #33
Rainmaker
2,994,719
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

It does Kat Palmiotti and allows me to have a conversation with someone i may not have met

Sep 06, 2019 05:22 AM #34
Rainmaker
2,994,719
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

That is a great point Dörte Engel. I talk to many who weight staying put over the oppurtunity to sell at a good price and purchase a new home that is a better fit at such a low interest rate

Sep 06, 2019 05:23 AM #35
Rainmaker
2,994,719
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I agree with one exception Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi , when the message from mainstream media is politically driven, it is not in the best interest of anyone but themselves and perhaps their candidate. They are also alarmists just for the sake of ratings as well. The scary part is how long do they have to shout teh sky is falling before they really cause it. Consumer confidence and spending is what is under attack. I have home owners who are scared and staying put. I have home owners who say they better sell now before things get bad. I also have consumers who say they better buy now while rates are low and prices go up more. We have towns going up 5% a year still.  

Sep 06, 2019 05:30 AM #36
Rainmaker
2,994,719
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

That was it's job Michael Fourte , thanks for the comment

Sep 06, 2019 05:31 AM #37
Rainmaker
2,761,635
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

The recession still seems kind of vague in certain areas of the country to be jumping through hoops just yet.

Sep 06, 2019 06:19 PM #38
Rainmaker
2,761,635
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Scott Godzyk If it’s doing it’s job, we’re onto something here. Love and light and all the best. :)

Sep 06, 2019 06:19 PM #39
Rainmaker
98,398
Raymond Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Is a recession coming?  Yes!  But when?  I have no idea!  My thoughts have always been more along the lines to reduce risk as asset values rise.  I may not sell my home, but I would actively try to reduce debt as my home value rises. 

Sep 07, 2019 06:33 AM #40
Rainmaker
1,833,018
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Who is it that is trying to push us into a Recession ?????? I’ve never seen one that occurred when interest rates were below 4% ( at the start) !

Sep 07, 2019 07:24 AM #41
Rainmaker
151,516
Eva B. Liland with Century 21 Doug Anderson
Century 21 Doug Anderson - Lancaster, CA
Glad to be of Service

It seems that there are quite a few on the "reccession band wagon" these days. For what reason it's hard to say but here in the Antelope Valley I see no indication of a "reccession".

Sep 08, 2019 02:17 AM #42
Rainmaker
463,349
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Not seeing signs of a recession in Wisconsin ... We are Open for Business!

Sep 10, 2019 06:49 PM #43
Rainmaker
519,732
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

If another recession is coming, it certainly looks different than the last one. However, I'm in a different geographic area for this one, a very high end one. So, frankly, it will be interesting to see how it plays out.

Sep 12, 2019 04:55 PM #44
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,994,719

Scott Godzyk

One of Manchester NH's Leading Agents
Ask me a question
*
*
*
*
Spam prevention

Additional Information