First time home sellers are having a difficult time adjusting to the real estate market these days....they don't get to choose the list price for the house they had paid asking or over asking a few years ago...
Now...they want "someone else to suffer too..."....the seller that has the bigger house they want to buy shouldn't get their price either....half is fair..."I am going to deduct everything I lost on my house when we had to accept an offer that meant bringing cash to closing."
"When do WE get to choose ?" they whine....
Your choices are.....not to sell.....or to know that the sellers of the house you want to buy may have already eaten their equity and swallowed hard....
they get to choose what to accept too. The homes they are moving up to are often paid for or have considerable equity...the pain is in some loss but not a total loss...heirs get less, less for retirement.....less but not minus less so to the second time buyer, it looks like more.
The second time buyer doesn't hear the stories we hear...those sellers too have put more into their homes than they are getting out...they are replacing the roof, updating the bathroom they won't use...replacing the counter tops that won't see any of their meals prepared on them.
It isn't always fair....you don't get to choose...and we wish it were different....all we can tell you is the truth...and then you choose what to believe.
Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS
We had quite a lot of appreciation a few years ago...with buyers snapping up pretty much everything desirable, waiving home inspections, waiving appraisals, whatever it took. Now some of those homeowners need to sell in today's market and they're not only taking a hit on the price, but are having to make up for all that deferred maintenance they inherited when they bought the house sans inspection. I feel for them, but unfortunately, it is "what it is."
Why is it human nature that we want someone else to pay for our mistakes? True we can't control the market and the mistakes are often out of our control, but no one held a guns to anyone head to buy in 2007.
I really like this post and am suggesting it for a feature. The title is what pulled me in, then you backed it up with the truth. No, life is not always fair. These are tough times.
We always tell people...you made the best decision that you could make with the information you had at the time...it is no one's fault...you always make the choices for the time you make them...crystal balls in life are sometims cloudy.
Sally,
It is tough to tell the story. People don't care to hear what they don't want to hear. But, it is true. What you paid for your house at the time was what you either could afford or wanted to spend. Now, it isn't the great deal that you thought. That it would be worth at least 20 or 30% more when you wanted to sell it whether you put anything more into or not.
Ups and downs of the market. Check out your 401k!
The benefits were in the tax deductions for now...not the out of sight appreciation !
Life isn't always fair. And no, sometimes, we do not get to choose. Life chooses for us...
We get to choose how we react....which road we take...and how we determine our own happily ever after.
I choose the truth!
How'd I do?
The customer might not always be right, but the customer is always the customer...
Good job Jay...and when the customer doesn't want to hear...won't listen to...the truth...they aren't the customer and we are not the agents...amen.
Amen.
Oh this is so hard for folks. The world has changed. The market has changed. Period. End of discussion. Time to get a new history book.
Oh, this is so true, but I suppose so hard for most to swallow. But, you're right - doesn't matter - the market determines everything.
Oh, and thanks for your note on my blog title - I just fixed it.
People look at the market as the "boogey man"....and while the truth may not always be pleasant...confronting it is always the best plan !
I really do hope we'll get back to the times when people would buy a home to live in, raise a family in, retire in, and even die in. Sadly, I think those times are behind us. Homes are piggy banks now.
nah nah nah...the good times will roll again!
nah nah nah...the good times will roll again!