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Boni: Real Estate and Emotions

September 4, 2007

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Wow! Such controversy. I always knew that real estate was extremely emotional for people; right up there with divorce and death. But the interest and debate generated by "Flipping Out" is unreal! I deal with clients' emotional roller coasters daily and believe it or not, what you see Jeff going through on the show and how crazy he gets is everything that Mr., Mrs., Miss, or Ms. experiences while going through the process of buying or selling their homes.

Good Market/Bad Market. It makes no difference.

During the last upswing in the market (1997 to 2006) prices were too high, houses sold before open houses and multiple offer situations with no contingencies were the norm. Buyers were miserable unless they "got" THE house and if they didn't, the agent was at fault. But they kept on BUYING.

Sellers also found things to stress about too: "How come my house sold so quickly, it must not have been listed high enough..." Agents struggled to keep sellers realistic about not overpricing because even in the good market houses that were overpriced for what and where they were sat on the market for months.

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There are two comments so far. Add yours! Permalink

Comments

Ryan wrote:

Fantastic information delivered. Amazing insights with the market. Looking forward to soaking up many more great ideas.

Phillips wrote:

With all the frenzy buying and selling of properties , many investors and realtors use different kinds of strategies in marketing the real estate to new and still interested clients. So , the goal is to get business through the door in the first place.

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