Somebody Needs to Get Real About this Price!!! - Educating Your Sellers (and Buyers) Really Works!

By
Real Estate Agent with Donovan Blatt Realty 01267479

I received an e-mail from a seller today.  She isn't ready to sell, but she does want to know what is going on with values. So, I've been keeping her updated on the current market and what's for sale and selling in her neighborhood.

She must have been paying attention because today she sent me an e-mail, and all it said was "Somebody needs to get REAL about this price!!!!!"

Amazement

The listing price is more than 16% higher than the last sold in the complex for a similarly sized unit.  That sale was more than six months ago, and we're in a buyer's market here in Costa Mesa.

The only other property for sale in the complex is more than 20% less and is larger.

This seller understands the current market and the realities that come with it because she has been receiving updates constantly for eight months.

It is so important to be upfront with your clients and to educate them about the current market whether it is a sellers' or a buyers' market  They need to be empowered with knowledge so that they can make informed decisions, and it's part of our job to make sure that they have the advantage of this knowledge.

Click Costa Mesa Real Estate Values if you would like to know the value of your Costa Mesa property.

 

 

 

 

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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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Rainer
88,607
Jean Powers
Kane & Associates call 510.908.9002 - Alameda, CA
CRS,e-PRO,HAFA,SFR Broker, Northern California

Christine good post, I agree with you but some sellers just don't get it

Jun 11, 2008 07:31 AM #1
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Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Jean  - Thanks.  Unfortunately, some don't.  All we can do is give them the information and try to help them set realistic expectations.

Jun 11, 2008 07:37 AM #2
Rainmaker
236,392
Debbie Summers
Charles Rutenberg Realty - New Smyrna Beach, FL

Eductating prospective sellers is so important... they will never understand the "reality" of current market conditions if we don't tell them... Even if it isn't what they want to hear.

Jun 14, 2008 05:05 AM #3
Rainmaker
96,200
Yvette Smith
LONG & FOSTER - Williamsburg, VA
Realtor In Williamsburg VA, Homes for Sale

Christine!  You are sooooo right about educating your clients.  Sometimes (a lot of the times), they just don't have a clue & it's up to the agent to set realistic expectations!  Thanks for sharing!

Jun 14, 2008 03:55 PM #4
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Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Debbie - There's quite a lot they don't want to hear right now.

Jun 14, 2008 05:35 PM #5
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Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Yvette - As you see, I think educating my clients is very important.

Jun 14, 2008 05:37 PM #6
Rainer
120,838
Ronald Gillis
Southwest Florida Notaries (Mortgage Notary Signing Agent) - Port Charlotte, FL
CNSA Southwest Florida. Notaries, Port Charlotte, 941-7-NOTARY

I just did a closing last night, and he kept grumbling that his house should be worth at LEAST 185K, not the $135K the appraisal came in.  I told him, that IS the way the market is and has been for some time now.  Many still do not want to come down to reality!

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Aug 15, 2008 06:29 PM #7
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Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Ronald - I think all you can do is try to give them the facts.  We can't change to market, we can only be familiar with it and try to advise our clients.  I am putting together a presentation for next week showing the change in price over the last 2 years.

Aug 15, 2008 06:31 PM #8
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Christine Donovan

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