Messages

I found this Facebook Message I posted on a seller's wall some time ago, and it's still true today except that I've hung my license with United Country and am back in business. Here's what I said: In commercial real estate there's a concept called the rate of absorption/ absorption rate. When you look at it, you say, there are... for instance in Golden Valley's case: In October, there were are 206 properties for sale. In the area, properties sale at a rate of about 10 each year, that means there is more than 20 years of inventory on the market. The more the inventory the lower the prices - supply and demand. We don't use the absorption in residential real estate, but the concept makes clear the idea of supply and demand. My best advice to you is to pull your property off the market until things start moving. Right now you're in competition with foreclosures and sellers/investors who are willing to take a loss. At this time, although I hold a Broker's license I am not representing sellers. I am working full-time marketing, with The Real Estate Book, and know nearly every agent in Rutherford County. I don't know who your agent is, but like as not, it's not lack of effort that's kept your property from selling, it's a tough market. Look at your lot as a long term investment. Will Rogers said: Don't wait to buy land, buy land and wait.Land is a solid investment in the changing fortunes of time. If you simply can't keep it, offer it to your friends and family, surely someone would love to take over your payments.If you want to profit - wait, wait, wait.