Thursday, March 27, 2008

Sigmund Freud would be having a field day with today`s sellers.






I spent 1 hour on the telephone yesterday going over Comparables in the neighborhood with our client.
They`re upset with me due to the fact their home isn`t selling.After two months we`ve had 5 showings and no offers.
The competition in the area have recently lowered their homes on average $30K under our listing.
The seller refuses to listen to these facts and has decided to place the blame on me.

I feel like Freud as I write this blog.
There is a new breed of sellers since the housing crisis began two years ago.
This bred wants to blame their Realtors for the collapse of the housing market. Many believe we`re to blame for their homes not selling. Worse, we as Realtors accept the blame because in some cases these listings have been recycled 4 and 5 times by different Realtors who fuel the fires!

To understand the market today a Realtor needs to be a psychiatrist,social worker,baby sitter and punching bag. Sellers seem to take their frustrations out on the Realtor who is trying to accomplish one thing,which is the Sale of their home!
We advertise the home,attempt to locate a buyer,deal with mortgage brokers who are faced with the difficult task of getting a buyer approval. Sellers refuse to grasp buying a home isn`t as easy as it once was!
Many sellers have decided to lower their prices in hopes of "Getting Rid" of their home due in part because they can no longer afford it.
Some are extremely happy just to "Break Even" and walk away.
Others, believe their home should fetch a higher price because it`s their home. They don`t understand how fierce the competition is today.

The seller and I went back and forth. I accepted blame for the dollar, the yen, the shortage of buyers and other housing woes.
The seller felt confidant it was all "My Fault". After the conversation, i decided to email them a "Release" and "fired myself" from the listing.

In my email I explained I have many others listings who actually need my help.
Their listing is better suited for a Realtor who is able to stand guard of their home 24/7 with a "For Sale" sign around their neck.

No comments: