Real estate agents have many goals to achieve for their clients. But a fundamental one is this: Make money for the seller. Unfortunately, in today's market(s) this is becoming quite a challenge. Just a few years ago, if you'd asked us how many times we had a seller bring money to the table in order to sell his house, we would have counted maybe 1 or 2. Now, this is becoming more of a reality than an anomaly.
Sellers who don't have tons of equity are having to prepare themselves for the possibility of coming up short. Is there any silver lining? Maybe a thin one which is that they will make up for it on the next house that they buy because all sellers are in the same boat right now. In terms of market conditions that is. This sounds dismal doesn't it?
I guess what I'm trying to convey is that "it is what it is" right now. My best friend just accepted a contract on her home in NC. The market there dictated that she list it at a price that was going to have her coming to the table with $20,000. She swallowed that bitter pill and moved forward. You see, for her, it's important to get into another house. Soon. Her house that was perfect when she was single, got smaller when she got married. Now that a baby has arrived, the house has shrunk once again. But, on the house she wants to buy, the data is suggesting that that seller will also be "paying to sell" his own house. So, as hard as it is to part with that 20 Grand, she makes it up by buying more house for less money.
We all hope that the markets around the country will get put back together soon. Like yesterday. But in the meantime, if you have needs, you simply have to do what you can to satisfy them. Remember...that which doesn't kill us makes us stronger!
Sellers who don't have tons of equity are having to prepare themselves for the possibility of coming up short. Is there any silver lining? Maybe a thin one which is that they will make up for it on the next house that they buy because all sellers are in the same boat right now. In terms of market conditions that is. This sounds dismal doesn't it?
I guess what I'm trying to convey is that "it is what it is" right now. My best friend just accepted a contract on her home in NC. The market there dictated that she list it at a price that was going to have her coming to the table with $20,000. She swallowed that bitter pill and moved forward. You see, for her, it's important to get into another house. Soon. Her house that was perfect when she was single, got smaller when she got married. Now that a baby has arrived, the house has shrunk once again. But, on the house she wants to buy, the data is suggesting that that seller will also be "paying to sell" his own house. So, as hard as it is to part with that 20 Grand, she makes it up by buying more house for less money.
We all hope that the markets around the country will get put back together soon. Like yesterday. But in the meantime, if you have needs, you simply have to do what you can to satisfy them. Remember...that which doesn't kill us makes us stronger!
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