Buying and Selling a home? One thing is for sure…

There is one thing that is a constant in the real estate market that has been proved over and over through the years that I advise my Sellers and and sometimes Buyers on a daily basis.

You cannot Buy low and Sell high at the same time.

Something has to give. The question is what.

If you are in a shifting or shifted down market, and you are looking to get a “Deal” on a home you probably can. Right now there are a lot of really good and I mean really good deals out there for you and I can help you find them. Potentially you can get a home at a steep discount and in the long run make a killing on your investment.

If you have no home to sell, even better, but if you need to sell your home before you can take advantage of that “killer” deal you need to realize and face the facts that the person who is looking at your home to purchase is trying to do the same exact thing that you are on your purchase. They want a deal. Not just a deal, The Deal.

As the old saying goes, “You cannot have your cake and eat it to”. Sorry to spoil the fun, but facts are facts here.

We cannot sell high and buy low. It simply does not work that way.

In a down or Buyers market, in order to sell your home, you are going to need to be priced in line with your competition. Price the home too high and you will sit on the market. There are too many great deals out there and pricing is key. Yeah, you may loose some $ on the front end of the deal, but will make it up on the back end (Buy side).

When we are working in a Sellers market, the roles are reversed. You are in a great position to make some cash on the Selling side of the transaction but more than likely the Buy side is not going to be that sweet a deal. Can’t happen. If we are in this type of market, inventory is low, buyers are plentiful and prices are up. What makes us think we can then sell our home at a premium and buy at a discount.

So you have to make a choice. Personally I would rather take the hit on the selling side of things in this market, especially if I am moving up in price point. There is lots of money to be made on the buy. Remember this also, it is not what you sell it for which determines how much money you make, it is what you bought it for that makes you the cash.

My two cents…

Fact or Fiction

I have seen a lot of marketing recently stating that “We are the best in this” “We list more than …”. People get your facts straight before you deceive the general public.

If you are the best in this or list and sell more than that, awesome. Good for you. Keep up the good work. I am happy for you. I mean it.

However, if you are not sure, or do not have the proof to go along with your statement please rethink your marketing strategy. Don’t worry I would never rat you out. However, others will and those are the ones you need to be careful of.

Just sayin’

Foreclosure SUCKS!

In doing some research this morning for a client of mine who is looking to buy a home in my subdivision of Hamilton Mill I came across a home that was just foreclosed on and the sheriff was at the house today to remove the furnishings of my neighbors.  These were folks that lived next door to me in a previous home in Hamilton Mill and I feel for this family.

This guy had a really good job, a loving wife and kids and got taken down like a lot of people. Could part of the problem been of his own doing? Sure, it could have been but more than likely he was taken down by all the “stuff” going on with the economy.

Foreclosure sucks. Short Sales suck, unemployment sucks.

We all need to start re-building this Nation one dollar at a time. We cannot focus on what the government is doing or not doing for us. We need to take off the diapers and be big boys and girls and make this thing work. We have to take 100% responsibilities for our actions and make a determination that we will fight through this mess. We are already almost through it so let’s make a final push. We now have a new Normal.

Go make it happen and remember “It’s On”.

I’m out.

Is this working?! Having to redo my blog

Hello is this working???

Having to redo my blog after two years of work. Cannot get the posts moved to a new platform so I am forced to start over. Not too pleased. Help a brother out.

Getting loads of calls and emails about selling and buying homes this spring

It always happens this time of year. During the last week or so of January and continuing through February, I always get loads of calls from people wanting to know what the market looks like and when the time is right to put their home on the market if they decide to sell.

There is no perfect time to sell your home. However, you must decide when you are ready to sell and make the commitment to get the home on the market. Yes, the spring and early summer are the busiest time of year and there are reasons for that.

Currently inventory is pretty low, but we are seeing signs of a shift in the market and if you are serious about buying or selling, really now is the time to get moving.

Call an agent or two to come meet with you, find out who best fits your needs and get out there. There is no better time to be a Buyer.

Remember though, you cannot sell high and buy low at the same time. Something has to give.

Matt

How to post to Facebook?

With all the new stuff I have to do in re-creating my blog, now I cannot figure out how to post my posts directly to Facebook and Twitter. Used to be able to do it and now I cannot figure it out. Still not happy having to do this all over. Can you tell.