"How Quickly Can You Get My House on the Market?" are the conversations we've been having with most of our Sellers these days. In the wake of a declining stock market, rising interest rates, increased inventory, and hyperinflation, the housing market is likely poised for a long-overdue correction. (A little parity wouldn't necessarily be such a bad thing after years of rapid growth.) With the realization that the housing market has likely crested, Realtors are feeling increased pressure to get everyone's properties on the market YESTERDAY!
Turns out, that's not as easy as you think . . .
Most of you reading this blog are probably too young to remember Jose Feliciano's rendition of "C'mon Baby, Light my Fire," but it played nonstop on the radio when I was a kid and became an anthem of sorts. (Yes, I'm from the radio generation!)
I've been humming the song regularly while turning the lights on and off each day at our newest listing at 674 Mandana Blvd. which has reminded me once again just how IMPACTFUL good lighting can be; how it can take an average room and create a "WOW" moment. (It can.)
"I'm sorry I lost my temper," I said to the Buyer's lender. "but this has been frustrating beyond belief. If you don't tell me what's going on, I can't possibly inform the Seller, or keep the train on its tracks."
It's not uncommon to close a few days late, but several weeks?!?
Gratefully, in nearly 20 years of selling real estate, I've rarely run into such a lengthy delay, (and I've also rarely let anger get the best of me). To the Seller's credit, she's hanging in there with the expectation that this transaction IS going to close in the not-too-distant future. All's well that ends well? Let's hope so but that's not necessarily the most reassuring strategy when it comes to selling one's home . . . .
Let's admit it, unless you are billionaires Richard Branson or Bill Gates, the words "I'm dropping out" may not be your smartest move.
In fact, when it comes to Real Estate, I'm dropping out," are the words Agents (and mothers) HATE hearing, especially after we may have invested weeks, months, or YEARS viewing properties together. That being said, with interest rates heading north, there's more than a few Buyers that have opted to do just that . . .
Julie Gardner, has been writing The Perspective for 18 years and has published more than 670 essays on life and real estate.