Hey I just had a property go into a bidding war and it sold for over asking!!.In my excitement I ran to the TV to see if it was on CNN and guess what?................it wasn't.
The media? HA, They aren't going to say anything positive for this market and the country's outlook on it.Media likes to keep it negative, must do wonders for ratings.(everyone is tuning in to see how bad things are today)The government? HA, they sure as hell aren't helping things either. It seems like everyday the President opens his mouth he can't help but talk down the economy."I'm beginning to think it's intentional".
NO,noone is going to do the right thing.The only people that have it within their grasp to turn this thing around is us.
I just commented with this on another blog but I thought I'd post it here to get the topic a little more attention and hopefully some input and ideas from around the country.
When people ask me how things are I tell them great! if things weren't, our phones wouldn't be ringing and the last time I checked the doors were still open at my office and the lights are on.
Get psyched!!!
Here's a little dialog I use to motivate my clients sellers and buyers alike
1.) First time home buyers? WOW!! what an opportunity! just think when was anyone ever able to say "I just bought a house and guess what? "I got a check for $8,000".
2.) Upgrading? In that case it's the best time to sell! whatever your losses are on your smaller home just think of the great deal you're getting on the larger home your buying,That seller has experienced greater losses than you'll ever see!
3.) Downgrading? Wow fantastic time,just think when you sell your home that smaller home will be so affordable you may even be able to pick it up for cash!
4.) Underwater on your mortgage? Don't let it go to foreclosure.We can sell it short! That way you'll avoid foreclosure,salvage your credit and avoid having the bank impose a judgment and chase you for 7 years for the difference between the auction price and what you owed!
Note: To agents, as far as short sales, when was the last time you could absolutely guarantee yourself a 6% commission without a fight. Just sign it up, the bank is paying for it and the seller could care less.Market to the distressed it helps them and helps the inventory surplus.
"Fannie Mae Instructs Its Servicers Not to Cut Commissions on Short Sales." Freddy's next.
For those who missed this http://www.realtor.org/fedistrk.nsf/currwklyrpt/government+affairs+weekly#report_1_03_02_2009
Tweak the words twist em around whatever you need to do there's alot of positive things we can say it's all in the delivery!
The real estate market is great.
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