I have a couple of pets. They teach me a lot... especially Rosie the Cat. What she believes to be true is true for her and she is incredibly reluctant to change. 5:30 PM is her evening feeding time. Not 5:40 or 6:00... 5:30!! I think people can be like that.
During the real estate frenzies of 2004-mid 2005 people sat awestruck at how home values increased. It was clearly insane. Homes that sold for $400,000 in 2003 were fetching over $700,000 in mid 2005. Then the cat thing happened. We started to believe our homes were really worth that much; No one was going to tell us different.
2006 and 2007 came as affront to our senses. People, prospective home buyers and appraisers, started telling us our homes were not worth what we thought. Our mean Realtor told us to lower our expectations and our listing price. We meowed loudly and didn't. Change doesn't come easy to a cat.
Late 2007 and early 2008 the pressure built. Home buyers refused to buy high priced homes. The buyers became cat-like in their stubborn price positions and they found a new source of food... the foreclosure market. It was 5:30 PM and the home buying cats were happy.
Sitting in their sand boxes after reading countless news articles, having conversations and disappointments, today's home selling cats realize dinner time is way over due. So, with heads raised high, dignity is important to a cat you know, they are lowering their asking price and hoping dinner, in the form of an accepted offer, comes soon.
Meow...
Gene Urban
The Urban Team at Realty Executives
602-234-5777
www.urbanteamaz.com
www.greatinvestmenthomesaz.com
