Offers Made Today are from Buyers Ready to Buy at Bargain Prices!
September 30th, 2007 Bank-Owned Properties, First Time Buyers, Foreclosures, Reno Real Estate Terry
“There is nothing more difficult to to take in hand, more perilous to conduct, or more uncertain in its success, than to take the lead in the introduction of a new order of things.” Nicollo Machiavelli (early 1500s)
So said this Italian political philosopher and somewhat controversial historical figure, yet this quote so mimics today’s Realtor’s dilemma. I (and many of us) read an inspiring post by George Tallabas about believing in ourselves and in a way repositioning our minds. After reflecting on his thoughts and then looking at many of my colleagues, I was struck with this Machiavelli quote that my husband often uses in his university teaching.
Our challenge today in the real estate market, whether you’re a realtor, buyer, or seller is multi-faceted: we have to think positively, act confidently, maintain our enthusiasm, be alert to even subtle market changes, stay well-positioned in the marketplace, AND BE WILLING TO TAKE ON THE INTRODUCTION OF A NEW ORDER OF THINGS!
As I peer from my sometimes foggy glasses, I see a new order of things looming, replete with new challenges and new business models. I am willing and I am challenged to forge ahead to even more treacherous territory, AND I WILL CONTINUE TO SPEAK THE TRUTH TO SELLERS: lower your asking price NOW, and say YES to SOLID, though less than expected offers, because the offers made today are from buyers ready to buy at bargain prices!
October 4th, 2007 at 7:23 pm
Great words have been spoken and hopefully, Sellers are listening. The offer you reject today may not come around again for quite awhile and next time, will more than likely be lower. So, if you have to sell, then be ready to face the fact that this is a Buyer’s market and negotiation is key.
Great words of wisdom for your readers!
October 23rd, 2007 at 7:44 am
Our problem is that the buyers who want to buy now are treating the normal everyday sellers as if they’re Banks sitting on an REO.
Yes, these people want to sell, are willing to be reasonable, but the buyers are demanding more, and act all huffy that the sellers won’t bend over. I tell them to go buy an REO.
October 25th, 2007 at 9:17 pm
Hi Gena — You’re right on about sellers needing to heed these words. Of course they need to be reasonable in their expectations, but we can help them in marketing their property in such a way that the price is right. It will be an interesting winter; business is getting active.
October 25th, 2007 at 9:21 pm
Hi Jack — Oh man are buyers pushing the limits with sellers, almost to the level of insulting, but when money is on the table most people are thinking of their side of the table. We can work with both buyers and sellers to achieve decorum in negotiations…but we must represent our end of the deal ethically!