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Your Guess.... Well, it's as good as mine! or is it.....?

Unless you have lived under a rock, or out in the middle of the Pacific Ocean with no TV or newspapers around - I know that you know we are in a crazy market situation right now. When will it end?..... Your guess is as good as mine and I believe any other real estate professional or anyone else on when this market is going to clear up, when homes are going to re-gain their equity and if your next purchase is really a good investment for YOU. Just to let you know that I don't know everything - go ahead and ask me when will this market condition end? and ...... I will have to tell you the truth and that is I do not know. I don't have a clue! But I have no shame in my game to tell you the truth - I do not know what the reality is. Who does? I don't know that either!

What I do know is that this does seem like a nightmare, rather than a dream. I can tell you that everyday that I wake up it is still here! I can tell you that because this market is so unstable that I do not believe anyone knows these answers:

  • When will this market get better?
  • Will it get better by end of year?
  • How many more foreclosures will we have before we have no more?
  • What about rock bottom - are we there yet?
  • Is this recession almost over?
  • Aren't real estate professionals supposed to know what is going on?
  • Will any of the present or any future plans, programs or help - really help?

I DON'T KNOW for sure! But I do have an educated guess and I will research anything that you ask me to try to give you as close as possible to what is actually going on. Yes, I have a bit of an edge ... but My point here is .... the market is uncertain (that makes us all a little uncertain as what is going on or coming down the pipeline - right now!

Really, it doesn't matter how you ask it. My truth is "I don't know". I am living this situation just like you are. My first rule of thumb is to tell you the truth that I know and I really do not know what is going on with this market and am not in a position to make a honest prediction that everything is going to be better, well and gone away in any certain timeframe. Or if ever!

When I am talking to buyers, I represent them the best I can, I uphold my ethics by being as truthful as I know and I let them know that I don't know and cannot make a call on if this is the purchase that is going to stay at the value it is at - for any certain period of time, that the market is going to be better any date now. If you want that truth, I can only tell you that your guess is as good as mine at this point. And please do not rely on me to ease your mind by not telling you the truth as I know it.

If you are in trouble with your mortgage I can refer you to your lender, a HUD counselor, where you can possibly get a little more information, to see what your options are with them and I can keep you as updated as I am. Predicting the outcome of this market..... I don't know!

WEBSITE: http://www.motheranddaughterrealtyteam.com

  • Want to purchase a REO property? Want to know what properties I have to sell?
  • Need information on the foreclosure process? Ask me for a FREE Pre-Foreclosure Guide
  • For a FREE MARKET EVALUATION of your home
  • Need a Short Sale Specialist?

Take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog - for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Family Realty Group and we also focus in Short Sales and the Pre-Foreclosure process and REOs/Bank Owned Properties. Our aggressive marketing plan includes on-line listing advertising.

Mother & Daughter Blog

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If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-750-8282 or email at US.

Posted Thursday Jun 04