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Wednesday, November 24, 2010

I Am Grateful



Wow.  Thanksgiving is tomorrow.  There is so much to do, to prepare for the holiday, and I have a brand new listing that I need to get up and running before the day is over in addition to a "to do" list a half a mile long it seems.  Breathe.  Grateful.   Ah yes, I am grateful.

In this unstable, schizophrenic real estate market, you sometimes have to look for things to be grateful for... sometimes you have to look pretty hard.  But, of course, it all depends on your perspective.

The listing appointment I went on yesterday afternoon was a home that I had listed a year ago... about this same time.  The seller had taken a job out of state.  He wasn't happy about the loss of value his home had undergone in the previous couple of years, and he wasn't too excited about moving, but he felt it was his best option at the time.  About 45 days or so into the listing, we received an offer, and simultaneously, the seller decided he hated his new job and didn't want to leave Atlanta, so we withdrew the listing. 

Fast forward to one year later.  The same seller just got a great job opportunity.  This time he is stoked about moving to Michigan.  The bad news is that his home dropped in value at least another $10,000 in the past year.  But he still has some equity in the house as he purchased in 1999.  He is choosing not to see what he has lost in value since the market highs of 2004-2006.  The truth is, the loss in value is only theoretical since he didn't sell during the high point in the market.  He is still going to make money from the time he bought the house in 1999.   He still got to take a major tax deduction from his primary residence for 10 years.  Sure beats renting. 

I have a strong feeling that this listing is going to sell- pretty fast and pretty close to the asking price.  We have studied the market statistics, analyzed the comparable sold properties and have priced the property within 5% of the estimated value to sell.  And my client is ready to break his ties with Atlanta and move on.  He seems to be very sure about his future and realizes that he can move on.  With today's interest rates and prices, he will be able to buy (or build) his dream home in his new location.  I am happy for him.

Another property listing that I just closed last week was from a dear friend/client who had lost her husband a little over a year ago.  It took her awhile to come to terms with the loss of her husband.  They had a fabulous home and it was difficult to leave the memories, yet she needed to move on and start a new life.  We used the same formula to study the statistics, price the home within 5% of today's market value and sold the house in 38 days.  She can move on and start a new life for herself- and she deserves the best.  I am happy for her.

This has been a very good year for me.  Personally, one of the best, if not the best year of my whole life.  Professionally, the market has presented challenges, but I have done well- and I am grateful.  Buyers this year have a lot to be grateful for!  And the sellers who were able to sell have a lot to be grateful for.  The glass is both half empty and half full.  Drink up! 

Happy Thanksgiving.

1 comment:

  1. Happy Thanksgiving Jackson. So glad that you are doing well since you are brilliant.

    Steven

    ReplyDelete