Monday, November 11, 2019

Fall? What's falling?

Middle school essay question:
What does FALL mean to you?

That's easy...here's what it doesn't mean: it doesn't mean falling leaves, and it doesn't  mean falling prices. Oh god, you just knew there would be a real estate segue in here somewhere, didn't you?

I'm looking at the MLS this morning (see below) and there have been over one thousand new listings over the weekend. Almost 900 of the existing unsold properties reduced their prices...holy moly...so maybe somethings are falling. We are 51 days from the end of 2019, and I think what we are seeing is a lot of people who have been on the market for a while, whose goal was to sell before the end of the year, are getting more than a little antsy.

Before it was, "Whenever we sell is fine..."  and "We're not in a rush..." -- now it's become, "Ohhh boy we need to get this thing sold and get out of here."

What happens when you're not selling? A lot. Look at a situation where the sellers have already bought their new place and have moved. The faded "for sale by owner sign" has to be re-inked, and,
- the grass has to be cut
- the A/C has to stay on, or mold will start growing -so there's still an electric bill
- the mortgage still has to be paid (um, that's TWO mortgages now, isn't it?)
- the taxes have to paid
- the insurance has to be paid, and the the insurance has gone UP because the property is empty
- the house has to be shown, and that means leaving work, driving from the new house, or...

Maybe, just maybe..it's time to talk to a professional. 
Sooner than later, before the price has to be the only thing falling, this fall. 

*******
It's a beautiful Monday! The humidity backed off, the Dolphins won yesterday, and we are one day closer to my trip to Seattle, to see my new grandson for the first time.  What's fun and exciting in your life? Share it with me here, I'd love to know.
See you on the next post...Wednesday, probably? Yeah, probably Wednesday.

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