Comments on: “This is a time for serious people…”

By: 8DollarFarming blog » Weekend Reading 10.11.08

8DollarFarming blog » Weekend Reading 10.11.08 — Sat, 11 Oct 2008 08:17:44 +0000

[...] Barr (NorthPhoenixAgent.com) and Ardell (RainCityGuide.com) both touched on the topic that this is not a very good time to be a pushy salesperson, and it [...]

By: Kenmore Undressed » Blog Archive » Reality Check: A Short, Sharp Analysis of the Local Real Estate Market

Fri, 10 Oct 2008 23:37:14 +0000

[...] Dear reader, please pardon my candor but both the real estate agents and the sellers are at fault. Most of the homes now languishing on the market were overpriced when they first hit the market. The market has been in decline for a year now, so there was no excuse for the inflated prices. Sellers were living a delusion and the agents were still in a “listing-equals-an-easy-paycheck” mode. I think Ardell DellaLoggia, the gran dame of Rain City Guide hit the nail right on the head in her recent blogpost entitled “This is time for serious people“: [...]

By: ARDELL

ARDELL — Sat, 04 Oct 2008 01:01:07 +0000

Colin,

Price information is always hazy in that agents often share with one another what a seller will take or that a seller has reached a point where they need to sell more than they did when they first listed the property. They shouldn’t share that with one another, but they do. Agents are less likely to say that to a buyer than to another agent. So if you are hearing it sometimes, we are hearing it at least 10X as many times.

By: Colin

Colin — Fri, 03 Oct 2008 23:57:40 +0000

I don’t think I suggested price drops did indicate value, but no matter. What interests me is haziness of price information.

By: ARDELL

ARDELL — Fri, 03 Oct 2008 23:30:28 +0000

Roger,

I swear McCain’s line during the debate about “see this pen” was a direct quote from Alan Alda in West Wing during a debate with Jimmy Smits.

By: Roger Ingalls

Roger Ingalls — Fri, 03 Oct 2008 23:18:52 +0000

Ardell:

I loved that movie!

I must watch it again before the election.

By: ARDELL

ARDELL — Fri, 03 Oct 2008 21:06:00 +0000

Sorry to hear about your bad day, Sandy. Glad to be of help. I have to say that rarely do I run into an agent who doesn’t know what they are doing these days. Most of those have left the business. That has been a plus in my everyday activities.

By: Sandy K

Sandy K — Fri, 03 Oct 2008 20:50:06 +0000

I had a bad morning and this was exactly the article I needed to read at exactly the time I needed to read it. Thanks Ardell.

By: ARDELL

ARDELL — Fri, 03 Oct 2008 19:42:21 +0000

Colin,

I recently saw something about a $200,000 price drop. I did a quick valuation and the house is still overpriced by $200,000. Price drops are not a good indicator of value.

By: ARDELL

ARDELL — Fri, 03 Oct 2008 16:45:41 +0000

Tor,

What makes it a buyer’s market is all the buyers who know it’s not the right “time” to buy and all the agents who are counseling their clients that there is no good property on market that is priced to sell.

If you stop to think about what “a buyer’s market” really means, you know how serious one must be to make a good choice in a buyer’s market. In a seller’s market the buyer gets to answer one question very quickly: “Do you want the house or don’t you?”. No buyer’s agent can do much for a buyer in a market like that except get their first and win the multiple offer.

Getting a good deal in a buyer’s market is pretty easy. Getting the right house in a buyer’s market is a very difficult choice and self indulgence is often an incorrect motivation for the agent OR for the buyer.