First Time Blogger

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Real Estate Agent with Keller Williams

Not Real Sure What To Say Here Or How It Works. But, If I don't make a mistake I am not going to learn.  Thought I would put a question out there that I get asked often just to see what you guys come up with.

 

"I have recently relocated to the area (Tennessee). I have made several offers on Homes at about 20% under asking price.  Where is was living before, (FL, MI, CA) that is normal for the market.  I don't understand why my offers are not beign accepted.  I thought this was a don market and you can get good deals now.

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Rainmaker
134,225
Linda Lipscomb
Linda Lipscomb RE/MAX Lexington Henderson County TN - Lexington, TN
731-695-1118, Lexington TN Homes

Karen,

Welcome to TN!!!!

Best of luck with your next offer.....

I find it depends on the property itself and what the CMA stats show.

 

Jul 22, 2008 11:21 PM #6
Rainer
6,852
Debbie Hughes
Keller Williams Realty - Pleasant View, TN

Hi Karen,

Welcome to the Rain! AND Welcome to Tennessee! This is a Great way to network and get answers to your questions from all kinds of sources in this industry. Whatever question you have, there is a number of real estate professionals that have the experience and can make suggestions or comments so that you can make an informed decision.

 In the Clarksville area, the market is not down like it is in other markets. The sales slowed down for a time but since April the sales have been steadily increasing. The good deals that I have ran across are when the seller has been sitting on that property for a while and is really needing to unload it.

Hope this helps.

Jul 22, 2008 11:33 PM #7
Rainmaker
257,188
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Hi Karen -  Welcome to Active Rain and congrats on your first posts.  Be sure to spend some time looking around at how and what others are blogging here - it is a great education and lots of fun.  Looks like you're off to a great start...keep it up!

Jul 22, 2008 11:39 PM #8
Rainer
12,852
Jeff Stinson
Kasteel Property Management - Property Manager - Springville, UT

Welcome to blogging.  It's fun to post your thoughts and ideas and see what people say in response.

Sometimes the deal is already in the listing prices.  I'd be careful about feeling like you have to get a deal.  Make sure you feel good about the price not that you talked them down 20%.

Jul 22, 2008 11:46 PM #9
Ambassador
1,334,223
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Selling Daytona paradise for heavenly good prices

Karen,

Leave it to the experience.   You tell it to clients and they do not fully believe you. So they do not get the first property, get rejected on the other, then again, and then they are ready to deal with the reality.

The biggest problem for buyer is not to pay high price, but to pay more than they absolutely had to. So, this is a normal reaction.

BTW, did you decide to leave the quote unedited on purpose to show that the buyer makes a lot of mistakes?

Jul 22, 2008 11:50 PM #10
Rainmaker
100,067
Trey Affolter
Keller Williams Realty - Tacoma, WA
Brings HOME Results!

Welcome to ActiveRain. I hope you enjoy the community. I look forward to the value you bring.

Jul 23, 2008 12:40 AM #11
Rainmaker
395,824
Cameron Novak
The Homefinding Center - Corona, CA
Featured Corona Real Estate Agent Team

Welcome to active rain.  Share with us or the consumers, anything you feel would enhance our time on the site.  Educate us about you and your farm area.



Cameron Novak
The Homefinding Center
Corona, California

Chat with me about real estate

Jul 23, 2008 05:01 AM #12
Rainer
153,983
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi Karen, Welcome to AR, Be a Blogholic and start writing your own blog soon on AR. All the best for your RE business. This is the right place for customers, friends, realtionships etc.

Best - Sash 

PS: FREE blog traffic strategy video... click here

Jul 23, 2008 06:39 AM #13
Rainer
160,380
Dwayne West
Atlanta Real Estate - Canton, GA
Canton Georgia Real Estate

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.

Jul 23, 2008 08:18 AM #14
Rainmaker
284,136
David Matney
Alliance Real Estate - Omaha, NE
Omaha, NE Real Estate | Omaha, NE Homes For Sale

Karen, welcome to activerain and congratulations on your first post.

Jul 23, 2008 08:46 AM #15
Rainmaker
892,763
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Karen, welcome to ActiveRain! This is a great place to learn from your peers. You're off to a great start.

It's time to reevaluate the market in your area. It may not be down as much as you think. Run some CMA's to give you a better indication of the current market.

Jul 23, 2008 09:38 AM #16
Rainer
64,262
Crystal Corr
Keller Williams Greenville Central - Simpsonville, SC

Welcome to Active Rain. I hope you will enjoy it and learn from it as much as I do. Happy Blogging.

Jul 23, 2008 01:10 PM #17
Rainer
40,310
Howard Wilson
Wilson Than Real Estate - Santa Monica, CA

Karen, let me join the others in welcoming you to Active Rain and thanking you for your thoughtful first post. 

The reaction you're getting from buyers is based on exposure to either the volatile markets themselves or simply the news that is out there about these markets.  Price histories indicate that most of Tennessee has been stable throughout both the run-up in prices over the last 5 years and the current softening that we're experiencing.  So much of our job is giving information to the client so that they understand the dynamics of the market that they're entering into.  Now that there's too much news about the down side of things, it's twice as much work for us to educate people.  But we must do that or fail to get a sale!

Good luck!

Jul 23, 2008 03:37 PM #18
Rainer
6,444
Karen Tindall
Keller Williams - Murfreesboro, TN

Thank You Howard! Finally someone understood the question.  Do you have any other advice as to how to get the point across, other than showing them cma's, that doesn't seem to make a dent.  Do you know of any websites or articles that would bacl up the data I already know and have.

Jul 23, 2008 03:42 PM #19
Ambassador
2,033,677
Todd Clark
Keller Williams Realty - Beaverton, OR
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494

Welcome ro the rain Karen,

I think people need to realize that each market is different, just as the people from each area are different. Hopefully they will realize this as you show them that your area just doesn't do that. I look forward to reading some of the responses and what your customers reaction to the responses are.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

 

Jul 23, 2008 05:37 PM #20
Rainmaker
557,680
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Karen,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Jul 23, 2008 05:44 PM #21
Rainer
6,444
Karen Tindall
Keller Williams - Murfreesboro, TN

Thanks to everyone for all of your encouragement.  I have been here one day and am just amazed at the encouraging words of everyone.

Jul 23, 2008 09:57 PM #22
Ambassador
385,022
Tracy Santrock
Fonville Morisey/Santrock Realty Group, Inc. - Cary, NC
Raleigh - Cary Realtor

Great job.  I even noticed that you added a listing widget all ready! Fabulouss Karen!

Welcome to Activerain! Congratulations on your first blog on AR!  It's a great community, a wonderful place to learn and share ideas, as well as grow your business.

Jul 23, 2008 10:49 PM #23
Rainer
6,444
Karen Tindall
Keller Williams - Murfreesboro, TN

Thanks Tracy,  Yeah I just jumped in with both feet.  24 hours ago I didn't even know what blogging was.   I thought it was some sort of open diary, that everyone just voyured other peoples lives LOL!!!  My kids think I'm a dinosuar!  But I am trying to catch up.

Jul 23, 2008 11:33 PM #24
Rainmaker
101,235
Neal Barnes
Starstate Realty - Killeen, TX
Broker, REALTOR, ABR, CRS, GRI, SRES, SRS.

Hi Karen  - Welcome to ActiveRain. I look forward to networking with you and reading your future post. Have a great day!!!

Dec 29, 2008 10:28 PM #25
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Rainer
6,444

Karen Tindall

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