I work with a lot of Realtors on the Outer Banks. One of the most common complaints I hear are that some sellers don't understand that prices are not what they were in the summer of 2005. The Outer Banks is not alone in this challenge. Today I found Real Estate Zebra and a video they published on YouTube to get the message across to those sellers still stuck in 2005.
What a cool way to deliver a simple message. Not sure this would be a good way for me to deliver a mortgage update - my neck and head would take up the whole screen. Customers would miss the message and wonder how my neck could possibly hold up a head that big.
There is good news. There are sellers that are very motivated and pricing their property to sell. This creates a great opportunity for those wanting to purchase their dream home on the Outer Banks.
We only wish this would help in communicating the market change to our sellers. Once a seller manages their way through denial, then anger and then finally makes it to acceptance of the present pricing problem, it seems like things drop a little more. It is a downward spiral we all hate to see.
It is about getting the attention of the few buyers who are out there ready to buy. Many are just watching as prices adjust downward.
My suggestion to clients is they assess their need and find a great value that works to fit their need. There are some tremendous values and some really nice choices out there.
Posted by: Bill Holt | December 22, 2007 at 07:08 AM