Sep. 6, 2007 - Hey, Remember Me
I know what your thinking. "Where the heck have you been
Gene Molloy?" Or maybe not.
Just in case you have been wondering I will give you a bit of a
run down. First and foremost I have been pulling out all
of the stops trying to sell my listing in Hanover Park.
The average market time on the houses that are selling in the area
is 120+ days. I am about 48 days into the listing, so we are
nowhere near that, but then I have always thought of myself as
"better than average".
In my little corner of the world the market is slower than the
freight trains in Des Plaines. No one seems to want to budge,
either. I have been running around with a buyer client
friend of mine, complete with his own money, who is
looking for an investment in Addison and the sellers keep turning
down perfectly good offers. They aren't exactly full
price offers, but they aren't bad either.
All of those "the sky is falling" media reports have
scared people into paralysis. Many of the "buyers" who
are running around think that there is easy equity to bought
by looking exclusively at distressed properties.
They have the Mr. Potter mentality. "I'll pay 25 cents
on the dollar for your shares, George Bailey." What they
haven't seemed to figure out yet (I wonder what kind of agents they
are using) is that the guy on the other end who is sitting
in some bank in God knows where probably
IS Mr. Potter.
So, since my little corner of the world has gone
dormant for now I have been hatching ideas as to how I
might expand my horizons. I have gotten a very grandiose
idea and I have taken the first steps in implementing
it. I am not going to divulge too much just yet, but I
can give you a teaser. I still intend to stay in Real Estate
and it involves interstate commerce. When I have
more of the requirements in place I will tell you more. Until
then feel free to hazard a few guesses.
As always, if you have found yourself receiving my blog postings
via e-mail, it is because I have either blogged about you
personally, blogged about something I know is of interest to you,
or I consider you to be a person of deep thinking and intellect and
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saying so.
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