JL's Columbia SC Real Estate Blog: Reality, Real Estate, and What Today's Sellers Can Learn From my Pets

Reality, Real Estate, and What Today's Sellers Can Learn From my Pets

 I have a dog named Peter Parker, that's right, you heard correct he is named after Spider Man. I inherited him when my wife and I first got together, but that's neither here nor there. We also have a two year old cat named Scooter. They don't exactly like each other all that much, but they tolerate each other due to the fact that they have to. They have a mutual agreement to simply avoid one another whenever possible and that's just the way it goes in our home.

 They both seem to want what the other has, but not as far as toys go. They both seem to think that the other has special privileges, and in a way they do. The dog sheds and it drives me nuts, so he is not allowed on the furniture. That cat being much smaller and usually all too willing to hop up on the couch and visit anyone that resides there, often is allowed on the couch. This leaves Parker visibly irritated and he must feel a little left out, because Parker often barks at Scooter while he is on the couch.

 Scooter on the other hand seems to be irritated that Parker is allowed outside while he is not. We have a privacy fence and we let Parker in the back yard often to run around and take care of business. But, due to Scooter's ability to jump the fence and our inability to catch him as he runs away from us laughing the whole way, we do not allow Scooter out on purpose. That's not to say he doesn't make it out once and a while, when we let out guard down.

 So, when Scooter is on the couch, where Parker wants to be, then Parker barks at him in disgust. And when Parker is out back running throughout the yard, Scooter stares at him out the window and stews over the fact that he can't run free too. They each want what the other has and can not see what they themselves get to enjoy. What they have means nothing, it's what they don't have that drives them mad.

 So what on Earth would this have to do with sellers in today's real estate market? Well, since you went through the trouble of asking, then I will explain. It's a matter of having your cake and eating it too, things just don;t work that way unfortunately. For sellers who are attempting to sell their current house and purchase a new home at a discounted price, there is a little dilemma that many do not get. You can't buy low and sell high at the same time. Maybe in a perfect world, but this has never been a perfect world, and some times we just have to get real.

 I apploud anyone who is taking advantage of the opportunities the current market has presented them with. I truly plan to do so myself. However, if you have to sell your house before you can buy a new one, then you have to be realistic about the situation. If housing prices are falling, then you have an excellent chance to buy a new home at a discounted price. However, if you are attempting to sell your home then you also have to follow suite and price your current house accordingly. It's just the way it is. I wish that you could command top dollar for your house, and get a huge discount on the next all at once, but that has never been the way real estate works. Price itself has become the most important factor I have seen driving current buyers to the market and that needs to be taken into consideration.

 So, remember, while you are looking for a great deal, you are not the only one. Everyone else in today's market is too and over pricing your current house will almost definitely cause buyers to overlook it as an option for their home. You just don;t get the luxury of having the best of both worlds, and neither does anyone else.

 www.jlboney.com

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JL Boney, III - Columbia, SC Realtor - Coldwell Banker Residential Real Estate

 I specialize in Columbia, SC real estate and the surrounding areas, including Blythewood, SC, Kershaw County, Fairfield County, and Lexington, SC. If you are in the market to buy or sell a home in Columbia, SC or any of the surrounding areas, I would love the opportunity to speak with to see how I can help. Thanks for reading and feel free to contact me if I can be of service to you.

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Comment balloon 18 commentsJL Boney, III • February 04 2009 04:51PM

Comments

JL - Interesting analogy, I like it.  Your last line sums it up.  Perhaps this will resonate with some folks out there.

Posted by Jason Sardi, Your Agent for Life (Auto & Home & Life Insurance throughout North Carolina) almost 10 years ago

Great analogy and an enjoyable read, as always.  I try to explain to sellers that it all works out evenly.  If they wait to get top dollar for their home, the house they wish to buy will also be selling for top dollar.

Posted by Susan Mangigian, Chester & Delaware County Homes, Delaware and Ches (RE/MAX Preferred, West Chester, PA, RS152252A) almost 10 years ago

JL, just had to tell you that while you were typing this post, I was photographing pictures of my cat and dog in a standoff for a future post.  You are a chip off the old adopted mom block!

Posted by Susan Mangigian, Chester & Delaware County Homes, Delaware and Ches (RE/MAX Preferred, West Chester, PA, RS152252A) almost 10 years ago

For some folks the grass will always be greener on the other side of the fence.. or window as it were.

 

Posted by Jesse & Kathy Clifton, Retired (Jesse Clifton & Associates, REALTORS®) almost 10 years ago

Sardi- We can always hope.

Susan- You are not lying to them, that's for sure. Can't wait to see the post with your animals preparing for combat.

Jesse- This is true, not much we can do there.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 10 years ago

JL, great analogy...Ther are lots of people looking at the many good deals, just not many taking advantage of them!

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) almost 10 years ago

Bill- There have been more here recently, but we will see where it goes.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 10 years ago

I'm using this with some of my sellers.  Great comparison, maybe they'll get the point if I tell them about Peter Parker and Scooter, because nothing else has worked!

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 10 years ago

Great analogy, after I had my real estate license for the first year, I called the realtor who had listed and sold my home a few years before.  I apologized for having been so stupid.

Posted by Kathy Kooyman (Home Realty) almost 10 years ago

Laura- By all means use my pets as an example, I do some times.

Kathy- I may have to follow suite at some point.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 10 years ago

Good points JL.  Its a weird way to tie it all into your pets behavior but good points none the less.

Posted by John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 http://TexasLoanGuy.com) almost 10 years ago

John- I have always had a weird way of putting things, but it usually comes together in the end.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 10 years ago

JL,

These are some good points and ones that the sellers need to pay attention to.  In the long run it all works out to everybodys advantage.

Posted by Don Rogers, Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes (Keller Williams Realty Chesterfield) almost 10 years ago

Don- In the long run it does, there are just a lot of people who don't see it that way.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 10 years ago

Great article JL...very valid and real points on sellers.

Posted by Jeffrey Graves (Russell and Jeffcoat) almost 10 years ago

Jeffrey- Thank you sir.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 10 years ago

Nice analogy JL. Very well done. Never really got the cake reference though. If I have it, I want to eat it. Seems logical to me. Just makes sense. Why it doesn't work that way I just don't get?

Posted by Scott Geary, Your Pennsylvania Mortgage Source (Infinity Home Mortgage Company Inc) almost 10 years ago

Scott- It's because once you have eaten your cake, you no longer have it.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 10 years ago

Participate