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Is It the Price of Your Home or the Price of Your Happiness?

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Our founder, Steve Harney, occasionally asks to do a personal post on what he sees as important to our industry. Today is one of those days.  – The KCM Crew

I recently gave a presentation about the current real estate market to a group of home sellers in a city in the Northeast.  That night, I explained to them that home values in their area were about to be negatively impacted by a surge of distressed properties entering their region over the next year. As I have often found to be the case, the homeowners were very receptive; many felt that they now had the information they needed to make a good decision with regard to pricing their home to sell in this market.

After the class that night, several of the homeowners came up to me to privately discuss their personal situations. One of these owners said something I will never forget. He shared with me that he had come to a revelation that night.

This particular homeowner had put his home on the market with plans to move to Florida, where his daughter and his infant grandson live. He missed his daughter very much and missed his grandson even more. He hated every passing day that he wasn't able to "hold the baby in my arms and rock him to sleep".  That night at the seminar, he thanked me for reminding him of the reason he put his home on the market in the first place - he needed to rejoin his family. I was struck by the wisdom of his final words to me before he turned to walk away.

"I thought I was putting a price on my home. While I hold out-- hoping to get a few more dollars, I am actually putting a value on my happiness."

He adjusted his asking price that night and sold it three days later. Very soon, he will be able to rock his grandson to sleep in his arms, both of them happy and content.

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About Steve Harney

Steve Harney is a residential real estate expert who specializes in market trends and authors a monthly informational presentation for top real estate professionals titled, "Keeping Current Matters" (KCM). Steve is often quoted in major news sources such as The U.S. News & World Report, MSN Money, The Chicago Tribune and The Los Angeles Times. He has received the great honor of being recognized as one of the 100 Most Influential Leaders in Real Estate by Inman News and one of the 200 Most Powerful People in Residential Real Estate by the Swanepoel Organization.

11 Responses to “Is It the Price of Your Home or the Price of Your Happiness?”

  1. Michelle Lynne February 28, 2012 at 9:45 am # Reply

    Great reminder to take ALL things into consideration when putting a home on the market.  

  2. Ruthmarie Hicks February 28, 2012 at 12:15 pm # Reply

    I think it depends on the situation.  If you need “X” out to live then the price of your home becomes intertwined with happiness or at least survival.  Some people are well and truly “stuck.”

    • Steve Harney February 28, 2012 at 1:34 pm # Reply

      Great point, Ruthmarie. I wasn’t trying to make a statement about every seller’s situation. I was just touched by what that one seller said to me.

  3. Marc Halliburton February 28, 2012 at 9:22 pm # Reply

    Amen brotha, Amen. homes are to house our families and cherrish the times together not as an investment, at least not now. Some day, of course it will be part of our retirement plans but right now enjoy the journey with your family. Great post Steve.

  4. Cindy March 6, 2012 at 10:41 pm # Reply

    Steve – so true!  I find that the sellers have to look at the whole reason of why the are moving and all the terms of the offer!  http://www.CindyDTeam.com

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