Monday, November 24, 2008

The Tipping Point

I write this a bit prematurely but if I do so, I can then later say I was right or humbly accept defeat. This home is a doll house. Obviously lovingly cared for. What other factors must come into play for the market to bring us a buyer. One month ago I held an open house there, not a single visitor. Yesterday I held an open house there and I was pleasantly surprised to have 5 couples through. 2 of them were honest to goodness qualified buyers with a specific interest in the area and single family homes. The difference could be the election, perceptions, price, competition, I think it is a lot of those things.

The "buyers' market" is a bit misleading as there are not really all that many good options. There are a lot of foreclosures and broke down bottomed out homes, but very few that are as immaculate as this one. The price we have adjusted to better accommodate the situation and along with perception and the elections "positive" (to most Madisonians') result, will these fronts colliding be the perfect storm.

The most interested of my open house visitors has scheduled a second showing and at 2:16pm on Monday the 24th of November I think it may be. I also hope it may be, for me, for the seller and for the lucky buyer that can see the light.

1 comment:

Ben Anton said...

I was wrong. The client "really wanted to love the house." I hold it as a victory and a sign of things to come.