When Expectations Have Nothing To Do With Reality!

By
Real Estate Agent with Charles Rutenberg Realty

Remember my writing about a client of ours that did not get any of the homes he was interested in because he waited and waited??? Well, Bill was talking to him about one of the homes - the one he was most interested in - and the client asked what it finally sold for. It was bank owned and listed at $175000. It sold for $170000. The client's comment was that he would have never paid that much for it.   WHAT????? Are we on the same planet???

This home was over 2200 sq ft under air, had a large caged pool with a waterfall, was on a large piece of property with a park next door and about 3 miles from the Gulf of Mexico. It was also 12 years old - and he would not have paid that much?!?!?!?!

People's expectations in this market are getting to the point that they have nothing to do with reality!!! This is not the 60's folks and NEVER will be again!!!!!

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bank owned property
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Rainer
234,138
Susie Roscoe
Real Estate Specialist | Brandon, FL
Signature Realty Associates
I hear you!!  Everyone thinks a FOR SALE sign right now is a sign of desperation...   There are great deals to be had!  Take advantage now (or soon) or get stuck WISHING you had!! 
November 27, 2007 07:49 AM
Rainer
1,054
Michael Shalen
Chicago Office Advisers
Whenever people read about a down market they always think they can pick up a property for nothing.  Their definition of nothing is always 20% below whatever everyone else thinks is the right price.  Don't waste your time working with morons.
November 27, 2007 08:37 AM
Rainer
130,247
Billnulls Blog Florida Realty Professional
AHWD
Charles Rutenberg Realty

Elizabeth - We have done all of the above and have been dealing with them since the beginning of summer. My partner basically told them today that they should wait until they are sure they are ready to purchase prior to looking at any more homes, since by the time they decide, these homes will be SOLD! I am so proud of him!!!! yeah Bill!!!!

Susie - Amen to that one! It makes you, as a realtor, want to pull your hair out when what you are dealing with IS NOT LOGICAL!!!!!!!!!!

Michael - I passed your exact words on to my partner today!!! Thanks for your input!

November 27, 2007 04:03 PM
Rainmaker
207,916
Terrylynn Fisher
HAFA Certified, EcoBroker, CRS, CEP Realtor, Etc.
Dudum Real Estate Group - BuyStageSell.com
You know, the puzzling thing is that they will get on the stock bandwagon and know the time to buy stock is when it's down...they buy it and ride the market up and down and they can't live in their stock!!!   The stock does not give write off.  But real estate, buy when it is down?  Amazing isn't it.  This is the best buyer market we've had in years.  Our interest rates in California are hovering around 6% and a little under!!!  And prices are down 20 - 30 % and every offer we are writing, depending on price range is $10-$50,000 under asking price.  Buyers in the know are getting incredible deals right now.  Just wish we could get through to more of them, but then the press doesn't help us out much.  good post.  Terrylynn :-)  Walnut Creek, California
November 27, 2007 04:45 PM
Rainer
130,247
Billnulls Blog Florida Realty Professional
AHWD
Charles Rutenberg Realty
Terrylynn - thanks for your input!!!
November 28, 2007 07:35 PM
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Rainer
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Billnulls Blog Florida Realty Professional

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