Some days it's hard not to be depressed, given my line of work. Some days the bad news in the media is overwhelming.
Some days it seems that I spend half my time working with buyers who want a big home in a "nice" neighborhood, in pristine move-in condition, and they want it for 50% of market value. The other half the time I seem to spend counseling sellers who are facing foreclosure, or contemplating taking a lowball offer from an investor who thinks "I'm paying cash" means an automatic price reduction of 30% off list. Trust me Mr. and Mrs. Cash Investor, even mortgages are green on closing day.
Some days I just want to scream at these types of buyers and sellers - "This whole awful mess is not my fault! Sellers, I did not create your problems, and Buyers I am not going to help you take advantage of a bad situation!"
But I hold my tongue and say nothing. I resort to charts and graphs with 5-year trend lines and historical averages. I whip out my now well-practiced speech, "An offer price of $25,000 under asking sounds reasonable to you Mr. Buyer, but to the Seller it sounds like 15% below the last comparable sale which closed one week ago. The market is falling but it's not falling at 15% per week."
All this tongue holding and cheek biting is resulting in heartburn. If I could just help a few more people be happy about their closing days, I'd feel better. Until then, I leave my readers with this vent. Tomorrow I'll put away the soapbox and try to post something uplifting. Or at least not discouraging.