Real Estate…It’s a Gut Feel.
November 17th, 2007 category: Buyers, Real Estate News, Sellers
Selling or buying real estate requires basic knowledge. A real estate agent can provide input, and both buyers and sellers can receive additional input online. The paperwork end of a transaction is NOT rocket science.
With that said, what CAN I contribute to your transaction, beyond a full understanding of the process?
The real kinks never seem to be about an uncrossed T.
The kinks often stem from the ability of the sellers and buyers, from a personality standpoint, to view the property from the same page. Much like it would be were you to enter your child in a beauty pageant (OK- I wouldn’t, but that’s another story) there is no possibility of a seller remaining DETACHED. It just isn’t possible. At least, it isn’t for me (and I’ve sold a few of my own houses). It is also unrealistic to expect that a buyer is fine with the house just as it is, at just that price, at this point in time.
Buyers, in this odd market, are looking at house pricing as the “starting point“. Rare is the buyer, anyway, who doesn’t make an offer, but offers today are often significantly under the asking price. This is tough stuff- especially in light of a market that is barely steady or has a decline. Newspapers are pounding the notion of a catastrophic price drop every other day; news shows do little to squelch the possibility.
I like to think, as a real estate agent with experience, that my input (depending on who I’m representing) will either make them money, or save them money.
SELLERS, for starters, one thing hasn’t changed: PROPERTIES THAT ARE PRICED RIGHT SELL. How to determine that, even while gazing at stats barely three months old? More important, what of your current competition? I want to know exactly what a buyer is thinking when they view the house down the street- what would I think? What do YOU think? If you don’t understand the market through the buyers eyes, you need another set of eyes. My fiduciary is yours first; that requires that your financial outcome is, in my estimation, the maximum that is realistic.
BUYERS, that home that looks overpriced? It isn’t, and here’s why: “There was an assessment indicated to the owners of the condominium association four months ago for $12,000. THIS seller paid it in full; the other homes on the market didn’t. That’s why they are $5,000.00 lower.” Or, “This house that you love is perfect, because it falls in line with all of the comps- however, as sellers are aware of the “offer” climate, let’s go under, and see what happens first. If you love it, we’ll get to full price if we HAVE to.” If you and I have signed a buyers agency, fiduciary comes before all else.
Clearly, as either a seller or a buyer, the home buying process is a task that you can accomplish without another opinion. My goal is to make my opinion WORTH IT.
If you are thinking about selling your home for top dollar permitted in the current market conditions, call us for our opinion- we’d be happy to provide it.
If you are thinking of buying a home, let’s go steal something. Or, locate something priced right, that you LOVE.
8 Responses to “Real Estate…It’s a Gut Feel.”
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November 18th, 2007 at 10:12 pm
As a matter of fact, yes, I am supposed to be compensated for my “Looking For A House?” entry. Do you mind if I ask why you are asking?
Thanks for stopping by my journal!!!
November 19th, 2007 at 11:05 am
Hello- I’m in the dark with respect to your question, as I don’t know what you’re referring to. I will, however, stop by and read your journal-
November 19th, 2007 at 11:57 pm
Hi, I like anybody that can work a photo of the Kinks into a real estate article.
November 20th, 2007 at 12:34 am
Thanks Rob-
A little creativity can take you a long way.
Hey, why not become a subscriber?
Sean
November 21st, 2007 at 8:11 pm
Laurie and Sean - There is definately a benefit to both buyers and sellers to view the market with another set of eyes. Realtors take the emotion out of the process, while providing objectivity. We see and evaluate more real estate in a week than most people buy in a lifetime. North Fork homeowners are lucky to have you in their corner! Happy Thanksgiving! - Paula
November 21st, 2007 at 8:11 pm
PS……..I’m a subscriber:)
November 21st, 2007 at 11:57 pm
Paula, I’m not a fowl eating person unless it’s a holiday- then, the side dishes make me ravenous! Have a great weekend.
November 23rd, 2007 at 11:19 am
[…] Along that same line, Laurie at Options Realty expounds on the role a real estate professional plays in a real estate transaction. It’s about the expertise and knowledge folks. […]