Desperate is a Relative Term
Today’s main real estate article in the Seattle Times reads “More Sellers are Growing Desperate as Homebuying Stalls Locally.” Glad you guys could finally make it to the party–this has been going on for quite some time now. According to today’s article:
The Seattle-area housing market, once touted as bulletproof against the forces that were pulling down other markets across the country, is now stressing out sellers, who are seeing inventories rise, sales fall and prices drop. Many are shellshocked — particularly those needing to move out of town or trying to forestall foreclosure.
The thing is, desperate homesellers can be found in every neighborhood these days, and I happen to be and know quite a few of them. However, the funny thing is, this article probably paints a bleak picture for those of you lucky enough to be on the outside of the real estate market right now, but from the inside, I believe this article still paints a far rosier picture than it actually is.
For example, there’s the owner of the Factoria townhome, who’s been through the emotional ups and downs of at least two offers fallen through, but you know what? This story gives me hope that I didn’t have prior to reading his story. You see, it means that if he’s gotten two offers (albeit unsuccessful), there are actually buyers out there, those mythical creatures.
Hey, I’m right out there on the front lines with you, desperate homesellers, with something to sell and nobody to sell it to, let alone even look. Other desperate homeseller buddies share similar stories, and collectively, our experience is adding up to about one walk through every three weeks and nary so much as a nosy neighbor at an open house.
Lucky, lucky you, Mr. Factoria townhouse owner–at least you’ve got hope. Sigh. For some of us, it’s going to be a very long winter.
Homesellers out there on the front lines, what’s your experience these days? Are you getting lookers? Are you getting bites? Or are you just getting plain old frustrated?
