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

To: Think4Yourself who wrote (49660)	3/6/2006 8:39:38 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"are more FSBO homes in the area now than houses that have sold since we moved in." Panic to get to FL or Zona?

To: Think4Yourself who wrote (49660)	3/7/2006 11:51:57 AM
From: Tradelite	Respond to of 306849

<<Detroit suburbs. I live in a very old neighborhood, with huge trees and houses ranging from 20 years to 80 years old. It's a very nice area and housing turnover has been low for most of the 3 years we have lived here, but that has changed dramatically in the past 4 months. >> I learned quite a bit about selling real estate after paying a hefty learning-course fee to a guy who sold millions worth of real estate in Detroit during the city's deepest, darkest depression (decades ago). I not only think some aspect of Detroit will resurrect itself someday (because it did once before--after I took the course--), but because agents and sellers there will eventually get some discipline and overcome the present adversity--and get out with a few bucks, if that's all the market will bear. Pricing correctly for the current market is the hardest thing for some people to do. Then they lose more. You just have to learn how to manage adversity. Two things you have to do to manage adversity---price correctly for the current market if you have to get out, or hang on and make the best of what you've got until times get better. Not always easy, but can be done. <<gg>>