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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: pbull who wrote (2805)	6/19/2002 9:38:18 AM
From: Tradelite	Read Replies (2) \| Respond to of 306849

<<real estate agents are like used-car dealers: every single one of them says they can give you more for your trade-in than anyone else can>> Amusing thought but not real accurate. The agents who run around doing that don't tend to stay in the business very long. There is nothing more psychologically and financially draining than trying to market an over-priced listing that will inevitably expire before it's sold. Much more profitable to be the agent who gets it priced right the first time, or be the second or third lister who now has a very humble seller willing to do what it takes to get the place sold.

To: pbull who wrote (2805)	6/19/2002 10:22:35 AM
From: JoanP	Respond to of 306849

My Dad was a real estate broker and I recall many times he refused to list a house if the owner wanted more than it was worth. He said it was a waste of his time. He always tried to get sellers to be realistic about their asking prices. I agree with Tradelite about buying a house in this interest rate environment. The way I look at it is that nothing is risk free. If you buy now, you risk buying at the top, but if you plan to stay in the house for at least 10 years, you will be okay. If you don't buy now, you risk housing prices continuing to go up, as well as mortgage rates. One piece of advice I have is to always live below your means. When you buy a house, buy one at least 10% below what you can afford to give you some breathing room, then enjoy your new house.