Comments on: Get with the times http://raincityguide.com/2008/09/16/get-with-the-times/ Seattle's Leading Resource for Real Estate Information Fri, 19 Mar 2010 23:12:07 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: 8DollarFarming blog » Weekend Reading 9.20.08 http://raincityguide.com/2008/09/16/get-with-the-times/#comment-325386 8DollarFarming blog » Weekend Reading 9.20.08 Sat, 20 Sep 2008 08:35:20 +0000 http://raincityguide.com/?p=2424#comment-325386 [...] Get with the times (Rain City Guide).  A must-read for new agents, and a great reminder for everyone else. [...] [...] Get with the times (Rain City Guide).  A must-read for new agents, and a great reminder for everyone else. [...]

]]> By: Reba Haas http://raincityguide.com/2008/09/16/get-with-the-times/#comment-325369 Reba Haas Fri, 19 Sep 2008 18:38:57 +0000 http://raincityguide.com/?p=2424#comment-325369 I find myself being the bearer of bad news for several clients who have switched agents after being over priced. The tough part is that they're still "tainted" from being on market for so long. Even at times when we've told a client what it would take to sell a property they'll still hold on to the info the last agent gave them as though somehow it is gospel. Well, seriously, then why didn't you just stay with that agent? OH, because the house wasn't selling and no one would come look at it because it was presented so poorly? Now you have activity and somehow that should translate back up into a higher selling price? Ummmmm.... no. C'est la vie.... I find myself being the bearer of bad news for several clients who have switched agents after being over priced. The tough part is that they’re still “tainted” from being on market for so long.

Even at times when we’ve told a client what it would take to sell a property they’ll still hold on to the info the last agent gave them as though somehow it is gospel. Well, seriously, then why didn’t you just stay with that agent? OH, because the house wasn’t selling and no one would come look at it because it was presented so poorly? Now you have activity and somehow that should translate back up into a higher selling price? Ummmmm…. no.

C’est la vie….

]]> By: Jillayne Schlicke http://raincityguide.com/2008/09/16/get-with-the-times/#comment-325278 Jillayne Schlicke Thu, 18 Sep 2008 02:08:52 +0000 http://raincityguide.com/?p=2424#comment-325278 I bet home sellers that turned down what seemed like low ball offers several months ago are now kicking themselves for not taking that offer back then. I bet home sellers that turned down what seemed like low ball offers several months ago are now kicking themselves for not taking that offer back then.

]]> By: Gordon http://raincityguide.com/2008/09/16/get-with-the-times/#comment-325257 Gordon Wed, 17 Sep 2008 21:52:45 +0000 http://raincityguide.com/?p=2424#comment-325257 Nothing worse than a listing that just has no shot at selling, with a seller who has been given false hope and an unrealistic expectation regarding price. Nothing worse than a listing that just has no shot at selling, with a seller who has been given false hope and an unrealistic expectation regarding price.

]]> By: Tor http://raincityguide.com/2008/09/16/get-with-the-times/#comment-325254 Tor Wed, 17 Sep 2008 18:08:29 +0000 http://raincityguide.com/?p=2424#comment-325254 "But then you wouldn't get the listing!" This is the perfect example of what drives some agent's in this market. "The invisible hand" seems to move people toward over-pricing certain listings in order to get the business. This practice can't be employed anymore because you may never sell anything that's priced above the market like before. “But then you wouldn’t get the listing!”

This is the perfect example of what drives some agent’s in this market. “The invisible hand” seems to move people toward over-pricing certain listings in order to get the business. This practice can’t be employed anymore because you may never sell anything that’s priced above the market like before.

]]> By: Mack http://raincityguide.com/2008/09/16/get-with-the-times/#comment-325246 Mack Wed, 17 Sep 2008 06:21:17 +0000 http://raincityguide.com/?p=2424#comment-325246 This certainly speaks to the value of mentoring. This certainly speaks to the value of mentoring.

]]> By: Jillayne Schlicke http://raincityguide.com/2008/09/16/get-with-the-times/#comment-325244 Jillayne Schlicke Wed, 17 Sep 2008 04:56:49 +0000 http://raincityguide.com/?p=2424#comment-325244 Excellent analysis tonight from CR on where we are now (AIG deal) and how much further we have to go, including home price declines: http://calculatedrisk.blogspot.com/2008/09/comment-on-crisis-necessary-steps.html Excellent analysis tonight from CR on where we are now (AIG deal) and how much further we have to go, including home price declines:

http://calculatedrisk.blogspot.com/2008/09/comment-on-crisis-necessary-steps.html

]]> By: Rhonda Porter http://raincityguide.com/2008/09/16/get-with-the-times/#comment-325237 Rhonda Porter Wed, 17 Sep 2008 01:34:03 +0000 http://raincityguide.com/?p=2424#comment-325237 Gordon, I get to do the same from the mortgage side of things. People wanting to refi when they did stated income or NIV and they're stuck with their current mortgage (which some have not been bad to be stuck w/ however...some borrowers get refi-fever in markets like this). I've also come across home owners who feel their home is worth way more than what their neighbors has sold for...yes, but we need those solds for comps. Any "professional" who tries to "sell the goods" by not being straight forward and honest is going to get caught with their pants down in this market. Gordon, I get to do the same from the mortgage side of things. People wanting to refi when they did stated income or NIV and they’re stuck with their current mortgage (which some have not been bad to be stuck w/ however…some borrowers get refi-fever in markets like this).

I’ve also come across home owners who feel their home is worth way more than what their neighbors has sold for…yes, but we need those solds for comps.

Any “professional” who tries to “sell the goods” by not being straight forward and honest is going to get caught with their pants down in this market.

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