Finding Buyers for a Diminishing Asset! Hard even on Craigslist?

By
Real Estate Agent with Beach and Luxury Realty, Inc.

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DEAR READER,

Alright it's time to get real about the market... For some of you the local market isn't as crazy about the product as they were just a few years ago....  the market's simply not being kind to you client's assets.. the lustful want is starting to wane....alas

YOU STARTED OUT WITH A HOT PROPERTY            fresh on the market

Time is taking its toil... and as the weeks and months past... the just available  comparables  coming on the market

are not only newer,  better looking        but the owners are willing to accept  lower prices..

Not only are they fresher,  with more curb appeal but the owners don't over estimate their value and know sometimes you have to be willing to give and take and even sometimes take less in the bargain.....

are being a lot easier to deal with....and being nicer about it too!

To put it simply, they are willing to negotiate and work toward a successful closing.

 Even If that means putting out a little more for less money to close the deal.. so be it.

They realize by  waiting around, their assets are diminishing by the day

as their market value declines....

Now some just don't want to believe it, but the financial experts are weighing in

with their expert opinions...  they've seen your property types go through  these cycles many times over the years before.... with the same results.

What will you do... it's soon going to need  more repair ,maintenance , even a  remodeling face lift to stay current and somewhat competitive on the market. But the real age, even with a makeover, still shows.

and that's yet another costly expense  on a diminishing asset. That's only going to cost more as the years go by.

 

YET THE SELLER KEEPS INSISTING SHE'S GOT THE BEST ON THE MARKET AND  WANTS A MUCH HIGHER PRICE!

 

Now where to find a Buyer?          when you want a quick close..

 

                                     Maybe it's time to      TRY CRAIGSLIST!_________________________________

 

O.K. SO YOU GO ONLINE AND PUT IN ALL OUT THERE  ONLINE  for all the world to see and judge.

you put your hook in the water and wait for a bite,       a nibble perhaps.... then you'll set the hook!

but it's a diminishing asset  and before you can close and seal the deal...& turn the looker into the buyer....

There's that appraisal from the bank-  the value must be determined before the deal can be made..

will it really be worth the payments.... will the paperwork finally get signed, with the deal finally consummated ?

 

NOW WHAT.....  CAN YOU BELIEVE THIS?.... THE SELLER CANN'T  .....it's nowhere near what she's looking for... 

It doesn't come in anywhere near what the seller wants ... nor  does she want to hear this at all!

AND then to top it all off!

THE PROSPECTIVE BUYER BACKS OUT AND WON'T EVEN MAKE AN OFFER!

NOT AT ANYWHERE NEAR THAT  PRICE!...

certainly not on a diminishing asset.....like what's being offered.. NOT AT ANY PRICE... no way!

The most he'd consider now and don't wait too much longer,   is maybe a very short term lease.

 

What's a High Priced Seller to Do? She hears this.. but wait- She's got a top of the line LUXURY  PROPERTY! 

....she's young - time's on her side she decides... so she's  willing to just sit on it a while and see who else is out there willing to buy at her price.... everybody should be  interested in what she's got!

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so she decides to just sit tight...

Wait a while...

wait some

 more......

still nothing.....

just too embarrassing......

but finally at some point... some of  what she's been told finally  sinks in....

the seller cann't stand it anymore.....

not in public like this....

just too much...

nothing's working out like she planned....

her friends, even her enemies have already closed their deals....

many a couple of years ago...

wait was that, like they said, ... the top of the market ....

 but for her was it?......really was it?

 

oh NO!  The seller refuses to believe this could ever happen to her!  could the appraisal be right? did she wait too long to hit the top of the market... has the best price passed her by already?  She was just holding out- like other seller's wanting the best deal... NOW

 

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JUST WHAT CAN THE SELLER DO....

LOOKS LIKE ONLY ONE THING... PULL THE PROPERTY OFF THE MARKET... TAKE THE AD DOWN...

even at the bank, nobody will claim to even have made  that last appraisal now...

REMEMBER....time is passing  and  we dealing with a  DIMINISHING ASSET!

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NOW IF SHE HAD JUST MADE A WISER DECISION AND GONE TO THE CORRECT AGENT for her type of  assets (LIKE  BLR therealty4u can be for Florida real estate!)  and gotten the right consultant with the proper education &  experience to thoughtfully  advise, "stage" and correctly market  it-  how much better would her chances of finding a willing, hopefully ' handyman'  buyer to lovingly care for her diminishing assets for the long haul!

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 Now do you think, I've just made this story up?   That it's not a true tall tale...Really now would I even consider doing that to my fellow sojourners rather than share real life truths that teach a lesson so much better? Well, I'll give you the published proof, and so do be sure to:

 Check It OUT!    You'll  miss the whole point  & a valuable lesson if you don't -   YOU must follow the link!

BUT YOU MUST PROMISE ON YOUR HONOUR-  & Active Rain -TO BE SURE TO  HIT THE BACK KEY AND RETURN AND COMMENT ON THIS BLOG!    (please as those who follow behind you need your advice and I like the read)

 

Have you promised me yet....really,   .... ok I going to  trust you... so here it is...

 ENJOY:    http://news.yahoo.com/s/nm/20071010/od_nm/newyork_husband_dc_1

 

 

Now it may seem some think about nothing much else but the wonderful world of  real estate... and how it's all applicable with life; but it's  just the way it is in real life- it's real life estate! SEE THERE-  some things just go hand in hand - sometimes you just cann't help it!  -that it can be the first thing that comes to mind no matter what's in the news...it's all kinda related...sorta like a marriage...the good, the bad, & the ugly..

But everybody do  click back to this blog  and comment... In all seriousness... do share what methods you're using to successfully close on your  DEALS by  FINDING BUYERS before having those DIMINISHING ASSETS still in inventory too long!

O.k. if you've read this far, and do solemnly promise to return and comment one  way or the other, here's the link again so you can go now and learn a valuable PROFITABLE  life lesson! and DO PASS IT ON- some still need to learn!

http://news.yahoo.com/s/nm/20071010/od_nm/newyork_husband_dc_1

MAKE IT A GREAT DAY EVERYDAY IN EVERYWAY POSSIBLE!

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Tags:
diminishing assets
humour
buy vs lease
lessons from life
craigslist
finding buyers
depreciating assets

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Anonymous
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Rainer
232,004
BLR Guy
BLRGUY(Beach & Luxury Realty Inc)
Blreast aren't you looking for a rich one too?I'll have to check out your local Craigslist and see if you are on there...LOL
October 12, 2007 08:01 PM
Rainer
18,257
blreast therealty4u
Beach and Luxury Realty, Inc.

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blrguy- Now do you really think we should limit marketing a TOP-NOTCH Beach & Luxury Property to just the local Market?  lol

  But really there's no comparison  to Distinctive Quality and  this other  " banker's crappy deal"

 because when marketing such a  'valuable  right property':

 

          Assets are still Appreciating!

          Because smart  enough to present  features beyond   "Superficial"

          Consideration given to potential possibilities not just present worth

          Distinction  and desirability only increases with time, and

          Effectiveness at eliminating those undesirable  depreciating ones from further consideration....

          Finesse is valued over geisha garish and a bad face-lift...

   

          could go on with the A  B C  's  but will skip down to Z:

 

                              MAY YOU GO FOR A ZILLION LAUGHS- RATHER THAN SETTLE FOR ZILCH!!!

 

(but will the zealous blrguy just for  zingers & chuckles  short-sell into  even a  zoo zone of zeros, zip-pies,and zombies. <notice that wasn't even a question!  )

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October 13, 2007 06:03 AM
Anonymous
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Rainer
18,257

blreast therealty4u

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