I sat on a panel of REALTORS a week or so ago at the Denver Board of Realtors. One of the questions that we were asked to answer was, "What is the one piece of business advice you would give to the audience?" When the discussion turned to me, I told the group of Real Estate professionals, "Tell the truth." The truth is that the Real Estate market in many of our close in urban neighborhoods in Denver has stabilized.
Is every buyer going to be able to make a low ball offer and get a screaming deal?
- No.
Is any seller going to be able to get a pie in the sky price?
- No.
Are well-qualified buyers closing on realistically priced homes after making serious offers?
- Yes.
The truth is, what the market needs now is well-informed buyers who are qualified with a reputable lender, and sellers who want the truth about how to price their homes so it will sell in a reasonable amount of time at a reasonable price.
We need REALTORS who will provide FACT-BASED information that will help buyers and sellers make these important decisions.
Those of us who have an interest in the long term health of the Real Estate market, (and that includes everybody who owns a home), should be asking themselves, "What do we want from our REALTOR, Truth or Truthiness?" I know what my answer is.
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