{"id":1925,"date":"2007-09-14T06:59:59","date_gmt":"2007-09-14T13:59:59","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1925"},"modified":"2007-09-14T06:58:27","modified_gmt":"2007-09-14T13:58:27","slug":"if-you-assume-the-worst-what-can-you-do-to-get-your-home-sold-now","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1925\/if-you-assume-the-worst-what-can-you-do-to-get-your-home-sold-now\/","title":{"rendered":"If you assume the worst, what can you do to get your home sold now?"},"content":{"rendered":"

This is me this week in the Arizona Republic<\/i> (permanent link<\/a>):<\/p>\n

 
If you assume the worst, what can you do to get your home sold now?<\/b><\/p>\n

The bay-trees in our country are all wither’d
\nAnd meteors fright the fixed stars of heaven;
\nThe pale-faced moon looks bloody on the earth
\nAnd lean-look’d prophets whisper fearful change;
\nRich men look sad and ruffians dance and leap,
\nThe one in fear to lose what they enjoy,
\nThe other to enjoy by rage and war:
\nThese signs forerun the death or fall of kings.<\/i>
\n    — William Shakespeare, Richard II<\/i><\/p><\/blockquote>\n

I am too familiar with my own ignorance to credit other people’s predictions for the real estate market. People who think they can foresee the consequences of billions of choices years in advance are fooling themselves — although probably not as completely as they are fooling their audiences.<\/p>\n

Even so, a would-be home-seller listening to all the doom and gloom predictions on the news may by now be in deep despair, crying, like King Richard, “I wasted time, and now doth time waste me.”<\/p>\n

I don’t believe any of this, but let’s stipulate it for argument’s sake. In reality, so far, resale prices for some of the hardest hit residential communities in the Valley are down around 16.4% from the December 2005 peak. This means those same homes are still up 54.1% in value from December 2003.<\/p>\n

If we anticipate the worst — mass foreclosures, with lenders dumping properties for pennies on the dollar — what can you do now to escape ruin?<\/p>\n

The answer? Price your property to sell.<\/p>\n

If you live in an archetypical suburban Phoenix home, your house is worth today just about what it would have sold for in April or May of 2005. If you’re priced higher than that, you may be priced too high to sell.<\/p>\n

Here’s another way of arriving at a reasonable price. Take the sales prices of truly comparable homes that sold last month in your neighborhood and subtract at least 3%.<\/p>\n

This can’t be happy news, considering how much you might have gotten two years ago. But if there is worse news to come, this is the happiest news you may hear for Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This is me this week in the Arizona Republic (permanent link):  If you assume the worst, what can you do to get your home sold now? The bay-trees in our country are all wither’d And meteors fright the fixed stars of heaven; The pale-faced moon looks bloody on the earth And lean-look’d prophets whisper fearful […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,5],"tags":[],"class_list":{"0":"post-1925","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-marketing","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":9525,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9525\/fishing-for-the-details-takes-all-the-fun-out-of-real-estate-fish-stories\/","url_meta":{"origin":1925,"position":0},"title":"Fishing for the details takes all the fun out of real estate fish stories","author":"Greg Swann","date":"August 15, 2009","format":false,"excerpt":"\"You won't believe the deal my buddy got on his house. He paid thirty cents on the dollar!\" \"You're right. I don't believe that.\" \"I'm not fooling with you. The house was worth $300,000, and he picked it up for a hundred grand.\" \"It was worth $300,000 when?\" \"Huh?\" \"He\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16834,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16834\/vacation-rental-investing-perdido-key-fl-purple-parrot\/","url_meta":{"origin":1925,"position":1},"title":"Vacation Rental Investing: Perdido Key, FL– Purple Parrot","author":"Brian Brady","date":"September 2, 2020","format":false,"excerpt":"How about a vacation property, on Perdido Key, Pensacola, Florida, which cash-flows with just 25% down payment? This Realtor-listed property sold for $238,000 in November of 2019 and this FSBO sold for $242,500, two weeks ago.\u00a0 Both properties are 2 BR 2.5 bath bungalows and are in the Purple Parrot\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/purple-parrot.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2065,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2065\/your-house-cant-be-sold-if-it-cant-be-shown\/","url_meta":{"origin":1925,"position":2},"title":"Your house can’t be sold if it can’t be shown","author":"Greg Swann","date":"October 18, 2007","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). I'm posting it now in the hopes that Realtors reading this will email it to all their sellers. I'm showing a lot lately -- curse this slow market! -- except I'm not because I can't get into\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18592,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18592\/overnight-news-zillow-ceo-rich-barton-the-worlds-richest-dipshit-real-estate-investor-leaves-ruin-as-his-legacy\/","url_meta":{"origin":1925,"position":3},"title":"Overnight News: Zillow CEO Rich Barton, the world\u2019s richest dipshit real estate \u201cinvestor,\u201d leaves ruin as his\u00a0legacy.","author":"Greg Swann","date":"November 11, 2021","format":false,"excerpt":"As previously dreaded, Zillow CEO Rich Barton is electing to leave devastation behind him, as he demonstrates to everyone's dismay that he is by far the world's worst real estate \"investor.\" \"The Incumbent\" said everything it takes to get an \"investor\" ejected from my car \u2013 the clueless things people\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12732,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12732\/gettin-listings-sold-playin-hide-the-pea\/","url_meta":{"origin":1925,"position":4},"title":"Gettin’ Listings Sold – Playin’ Hide the Pea","author":"Jeff Brown","date":"July 23, 2010","format":false,"excerpt":"I've never really cared much about the infinite number of sites 'marketing' listings for real estate agents. It's always struck me as oversold at best, and a con at worst. I'll let you gentle readers gimme your experience in the comments section. I have done a kinda sorta poll in\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":472,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/472\/blogoff-post-95-ten-reasons-why-you-should-never-get-a-job\/","url_meta":{"origin":1925,"position":5},"title":"Blogoff Post #95: Ten reasons why you should never get a job . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"In addition to teaching you how to be self-employed, Steven Pavlina offers you ten reasons why you should never get a job:In our household it\u2019s a running joke for one of us to say to the other, \u201cMaybe you should get a job, derelict!\u201d It\u2019s like the scene in The\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1925"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1925\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}