Hickory NC Real Estate Blog

head_left_image

My Vision on how to help the "Housing Crisis" level itself out.

I know this may seem like too simple of an idea but My vision is that people only place their homes up for sale that truly need to sell. This is not a time to "test the market" or say "well if I sell my home for this then I will then be able to build my dream house". I feel that if this was done then the only homes that buyers will have to look at are the ones that are priced to sell and have motivated buyers. But with many areas sitting with a 1 year supply of homes or more in their inventories I think we are doing a disservice to our clients if we take a listing that should not be on the market. Maybe we should send them to Zillow.com and have them post a "make me move" listing. In my market there are plenty of buyers for homes out there but there is such a glut of supply that our buyers have too many choices and end up suffering from analysis paralysis. This is just my opinion and I am sure that it is too simplistic but it would be a quick fix to a problem that I know exists in many markets.

:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Technology is changing REAL ESTATE.

The MIKE KELLY JR. Real Estate Team is on the CUTTING EDGE.

 Search Homes in Hickory NC 

If you are interested in buying or selling a home in the Catawba Valley Area - visit our website at www.MikeKellyJr.com

My TEAM and I are REALTORS specializing in the Greater Hickory NC Metro area. Included in that area is Hickory, Newton, Conover, Granite Falls, Mountain View, Hudson, Lenoir, Alexander County as well as Eastern Burke County.

We are members of the Catawba Valley MLS as well as the Charlotte MLS.

CALL or TEXT us at 828-234-0479

Email us at MikeKellyJr@charter.net 

4 comments • Mike Kelly Jr. Real Estate Team Hickory NC Real Estate • December 26 2007 09:49AM

Comments

I heard a quote from Jackie Levenson at our Tennessee of Association of Realtors conference in September, "It's a great housing market for sellers who want to sell and buyers who want to buy!." I love that quote and have used it to remind me of what is important to focus on during this time.

Posted by Cathy Glass, Realtor® Knoxville Tennessee (Realty Executives Associates) about 1 year ago
That is a  a good one I will give credit of course...but I will add that one to my next presentation when someone asks how the market is.
Posted by Mike Kelly Jr. Real Estate Team Hickory NC Real Estate (EcoBroker, GRI, CRS CENTURY 21 American Homes) about 1 year ago
Around here (Westchester, NY) inventory is critically low.  No one is putting their home on the market and people who really NEED to get going are not doing so.  Normally, I would consider families with two children crammed into a  850 sq. ft. Jr. 4 a slam-dunk. THEY WON'T BUDGE ! They feel if they wait - they can get "more" for their unit.  Who cares? They are moving up if their unit goes up - so do the prices at the other end....but they can't see past the fact that they could have gotten more a year ago.  The other thing is that there is nothing really to buy.  Also with the credit crunch being what it is - you need to get going while the getting is good.  If credit tightens further - they could be stuck in that Jr. 4.  I've pointed all of this out to them - and I've got three families like this - can't pry 'em loose for anything.  The lack of inventory on the other end is also a factor - they don't like the choices they've got.  
Posted by Ruthmarie Hicks (Keller Williams Realty) about 1 year ago
Well I guess that would be the flip side of the argument. Good point and Good luck there. That has to be really frustrating, I really get angry with the media and how they are portraying our current situation. There are so many local differences that a "National Market" does not exist in my mind. In your market things would probbably be fine if people would just listen to the local professionals as opposed to the news media looking for doom and gloom ratings who get you hooked with a clever statement like "why now may not be a good time to sell" tune in at 11 for more info. Even if you do not watch the news at 11 your view of the market is not a good one.
Posted by Anonymous about 1 year ago

Participate

(optional)
What does the graphic say?