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The Gene Molloy Real Estate Blog

Jul. 26, 2006 - It's Official?

Sorry to tell you this Mr. and Mrs. Seller but a whole bunch of people are officially pronouncing it a buyers market.  Take a look at what Chris Isidore CNNMoney.Com's Senior Writer had say about it. How about today's RISMedia Newsletter? Then there is the headline from today's Chicago Tribune about the story by Mary Umberger, a Tribune staff reporter. It goes on and on. Everywhere you turn they are telling buyers that it's their turn. What's a poor seller to do?

 

The talk going around on a couple of the national real estate agent forums I subscribe to is that you have to bury St. Joseph in your yard. That's right folks, just plunk old St. Joseph head first into the ground, say the St. Joseph prayer and the buyers will come a runnin', cash in hand ready to take your house off of your hands.

 

They haven't said much about condominiums. Knowing condos like I do, I imagine that if the association found you digging around in the yard you'd be in for a violation warning at least, and probably a fine if you refused to exhume old St. Joe and repair the turf. Of course there may be some alternative form of magic or incantations or voodoo or animal sacrifice or something that will work, they haven't seemed to get that thread started yet. If they come up with anything, I'll let you know

 

Me personally, I'm still in favor of you turning to a good Realtor®, like myself, who will help you price your house correctly, suggest things you can do to make your house more appealing to prospective buyers, give you an honest evaluation on market time and market it like it was the mansion of dreams, that every buyer needs to see. But that's just my opinion. Some of the nations best educated real estate professionals seem to have different ideas, so be careful who you let into your house.

 

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 I would love to have you occasionally commenting on my blog. If you would like to be removed from the list simply send me an e-mail saying so.

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Jul. 26, 2006 - re: It's Official?

Posted by Bonnie Erickson
The one thing you forgot Gene, is that the seller has to listen to and follow the REALTOR®'s price suggestion and change if the market indicates it.  Too often the seller fires the first REALTOR® and hires a new one, but reduces the price at the same time.  The house then sells and it's attributed to the new REALTOR® when the old agent suggested the same price and the house would have sold at that price regardless of which agent was marketing it.
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Here you will find thoughts, opinions, rantings, ravings, news, views and other things I think you may find useful. I will publicly answer questions here, so that many may benefit from the curiosity of my visitors, community created content if you will. I am trying to attract "experts" in various fields to comment on different topics of interest, we will see.

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