February 5, 2009

Some Italian Real Estate

Filed under: Buyers, Sellers, Working With A Realtor — Cleo @ 8:55 pm

along-the-coast-of-italyHere is a piece of real estate that has had no buyers.  I spotted this as we were driving along the coast of Italy.  The winding road was up high and I am just not too sure how people would’ve even gotten to this resort in it’s heyday.  However, as we continued to drive along, I noticed many other bustling resorts along the way so this one obviously just hit some hard times.

February 3, 2009

LEMONADE STAND

lemonade-standI remember when my girls were small and they insisted on having lemonade stands. It did not matter one bit that where we lived at that time, there was hardly any traffic; car or foot!! I would try to discourage them from having this stand as I knew that they would be very dejected because of the slow business. But, it was all to no avail. I liken this to telling people what their homes are worth in today’s market. It does not matter how much time I spend chatting with them or showing them everything I possibly can for comparables, some Sellers just do not realize what is happening in the market. “My neighbour’s house sold for such and such last year so mine should be worth that and possibly more this year”!! It is not going to happen. We had 2 good years but unfortunatley, if you did not sell then, we are back to some lower prices now. So just as my daughters proceeded with their lemonade stands, shouting out to any passing traffic that there might be, there are Buyers out there who are determined to over list their homes and the result in the end is the same; dejection!! Bottom line; if you need or want to sell; price it right!!