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How the Serenity Prayer Applies To Selling a Home

You may believe that selling your home will be impossible after all the news you have heard recently.  You may feel powerless to the process. What could YOU possibly do to turn this housing market around? There is no doubt that today’s real estate market is extremely difficult to navigate. However, we want you to know that thousands of homes sold yesterday, thousands will sell today and thousands will sell each and every day from now until the end of the year.

It is totally within your power to guarantee that your house will sell even in the current market.

How you ask? Let’s look at the simplicity of the famous Serenity Prayer and apply it to selling a home in today’s real estate market.

“Grant me the serenity to accept the things I cannot change; courage to change the things I can; and wisdom to know the difference.”

Accept the things you cannot change

The two main reasons that the housing market has slowed is:

  1. the current unemployment situation
  2. what unemployment and a struggling economy has done to consumer confidence

As an individual homeowner there is no way for you to impact either of those two situations. The best think-tanks in the country are struggling to discover solutions.

Have the courage to change the things you can

There is not a vacuum of buyers in the market. There is a vacuum of homes a buyer in today’s market will purchase. Let us explain: could you sell your home today for $1? … $1,000 … $10,000? Of course you could. There are plenty of buyers in the market for a home they consider priced correctly. You have to decide what the correct price is for your home if you truly want to sell. If you want your house sold you must list it at a price a buyer will pay for it. Not a buyer from 2006 but today’s buyer who has plenty of homes from which to choose.  

It will take courage to sit with a real estate professional and honestly decipher the true value of your home. If you want to sell, you must have that courage.

The wisdom to know the difference

We all realize that the economic situation will take some time to correct. If we want to wait for prices to return to 2006 levels, we will probably have to wait for 5-7 years.

Look at the reason you decided to sell in the first place and decide whether the extra money you would get from the sale is worth that wait. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

This is where your wisdom must kick in. You already know the answers to the questions we just asked. You have the power to take back control of the situation by pricing your home to guarantee it sells. The time has come for you and your family to move on and start living the life you desire. That is what is truly important.


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6 replies
  1. Carole Sanek
    Carole Sanek says:

    As always-excellent! I just wish the lenders with distressed sales understood what the right pricing would mean to many and had the wisdom to know the difference.

    Reply
  2. Abigail McDonald
    Abigail McDonald says:

    I will share this article with my sellers. Here in Rochester, New York, many sellers have not gotten the pricing picture and are still living in a the “tax credit” market-no matter how much we show them absorption rates and articles. The comparable property prices from that period of time still stick in their minds. The stimulus package hurt us more than helped us.

    Reply
  3. Christine LaSala-Bahmer, GRI
    Christine LaSala-Bahmer, GRI says:

    Steve,
    We just need to create the Desire for the Buyers and Sellers in this Changing market. Let them know Now is the Best time to buy !! Just don’t buy one house buy two!! LOL :-)
    Yours in Real Estate,
    Christine LaSala-Bahmer, GRI/Realtor Associate
    Gloria Nilson REALTORS Real Living

    Reply

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