Update Sept. 30 - One of my sellers has decided to take the home off the market. Along with relevant statistics I worked up on Sussex County real estate sales and inventory, I shared Dean's post.
While I've posted about this and shared other items along the same lines, this is a critical message for all home sellers. Dean's points are just as relevant to the Sussex County NJ real estate market as they are to his Chicago area!
Hey, ho kids! Hope you're enjoying your waning hours of the weekend.
Unusually temperate here in Chicago for this time of year. And we like "temperate," - we get so little of it!
Are you a Realtor long lamenting those "Good Old Days" when homes generated Offers to Purchase at practically any price - often with Multiple Bids?
Perhaps you are a consumer, trying to sell your home, waxing nostalgic over how your down-the-street neighbor sold his home in hours three years ago. And now blaming your current Realtor for not doing the same, with your home, today?
Well, folks, are you ready for a revelation? One that will change your life? Your Real Estate Career? Or the likelihood to sell your own home, and move on to the next stage of your life? Here it is -
PRICE IT RIGHT, OR QUIT WASTING YOUR TIME!
Home Sellers: Thinking about that new home you can pick up for 40% less than you could have gotten it for 3 years ago? Kiss it goodbye, and prepare to stay put for at least the next couple of years or so!
Real Estate Professionals: Got a stubborn client who will not lower his price, despite your advice and counsel? FIRE THEM! RIGHT AWAY! WITHOUT REGRET!
Today, we are still over-buried in overpriced homes-for-sale inventory. Every day I see Realtors, desiring to please their unreasonable listing clients, making $100 price changes to their clients home - just to make them happy.
C'mon, gang! Is the public - and the Real Estate Community - stupid? Think they won't catch on to what you're doing? Think again!
This week alone, we have written offers for three homes on behalf of our buyer clients at reasonable, comparables-based, "today" price levels, only to be rejected by overly-stubborn - or likely GREEDY sellers. These folks "Don't want to give it away, you know!"
Well, home sellers - don't give it away!
Cancel your listing! Pull the curtains! Lock the doors! Turn up loud your brand-new HDTV. Then, hunker down! Because your high-price reality will come back - eventually . . . just not right now, or, in most professionals' opinions, in the near future.
The end result - less too-high-priced inventory. A reduction in bloated supply! And a trend toward balance in the Real Estate Market, here in Chicago, and everywhere.
Folks, don't placate! Don't be greedy! Don't accept stubbornness! Get on board, or get off the boat! You think?
In the famous words of actor Peter Finch in the 1976 movie, "Network" - fantasy 33 years ago, close to reality now -
"I'M MAD AS HELL, AND I'M NOT GOING TO TAKE IT ANYMORE!"
Will you reduce to reality, or continue to be part of the problem?
Open the windows, and shout it out "I'M MAD AS HELL . . . !"
I CAN HEAR THEM IN CHICAGO! But I can't hear you!
DEAN & DEAN'S TEAM CHICAGO
Thanks for reblogging, Irene. I missed it the first time around. Well written and to the point...I love the attitude. Go Get'em Dean!
A true reality check. This is a very good post, Thanks for the re-blog
Sharon & Claude,
I don't often re-blog but can use all the help I can get. Thanks, my friends, for stopping by.
Glad you re-blogged this. There are so many good posts on AR that you can't catch them all.
Gary,
I hadn't thought about the value of a re-blog for other AR members but now see another reason to share the wealth. Thanks!