Archive for the ‘Buyer Mentality’ Category

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I’m a Barbie girl in a Barbie world…

May 27, 2011

Growing up in the 60’s, I was all about Barbie and Ken. I had all the clothes, the cars, the bags – but best of all…the Barbie house. Life was good.

Now Mattel and an Architectural group (http://t.co/SQC7oIa) have combined to start a contest to design a Barbie house for “today’s” Barbie and Ken. What would it include?

If you go by what current buyers are looking at in Central Florida the top five things would be:

  1. Home office
  2. Place for aging parents
  3. Large open kitchen
  4. Smaller yard
  5. One story design

Buyers just don’t seem to be too concerned anymore about giant homes – they want them smaller, more eco-friendly and easier to manage. In other words, I see a world that is going for a simpler life. I wonder if Barbie is on board with that?

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When smaller is better – house downsizing

May 30, 2009

Is it me or is everything getting smaller?

I know this a luxury blog but luxury no longer equals HUGE. Lavish displays of extravagant wealth are no longer de rigueur. You can be opulent and tastefully small.

I have watched, with our current market conditions, as homeowners are downsizing in record numbers. People still want to be surrounded by beautiful things – just not so much of them. Maybe there is too much of a good thing.

I have also watched people who had extraordinary home settle for something sweet and simple. When the world around you is teetering, just a bit, it is good to have something that is warm and cozy and feels like home.

In the end, this may not be a bad thing at all. Luxury in a box, a delicious, delightful and small box. I think I may try it myself.

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Reality Bites – are you serious?????????????

April 27, 2009

I heard something hilarious today.  A buyer told me that they had put in EIGHT offers on EIGHT different homes and had not had a positive response to date.

I thought this strange since people are DYING to sell homes, right? Then came the zinger. After asking what went wrong – I was informed that they were going around making lowball offers (meaning fifty cents on the dollar) until someone said yes. All I have to say is “God bless their REALTOR”.

This person then said something to the effect that sellers need to wake up and realize they can’t make money on real estate today. I think the wrong person is in “sleep” mode here.

This is a tough market and yes there are a few “steals” out there but this is not BARGAIN BASEMENT sales time. These buyers haven’t been successful with short sales, foreclosures or any well-priced property. At what point do they wake up and realize the problem might be —- THEM!

People want to sell but at a reasonable and FAIR price. Most Sellers are not going to turn over the keys to their homes and cash in their 401K to make your sale a reality. In other words, they aren’t bringing money to the table just to make your home purchase perfect. For the record, a well kept home at a fair price is STILL a better buy than most foreclosures. Foreclosure buyers are already finding out that the bargain they thought they purchased may be the money pit of tomorrow. A turnkey property is worth its weight in gold.

Let’s all get real and make reasonable offers on well priced homes. As the saying goes “reality bites”.