Kid's games.Selling or buying real estate is like some of your favorites. The hide and go seek listing that is gorgeous, priced right but no sign, no ads, no media splash because the agent neglects it. Or may have personal matters distracting the marketing process. As a professional REALTOR, an on the ball agent hunts down these listings not showing up on real estate radar due to an absence in the local multiple listing service or being a regular no show in the local newspaper ads. When you locate this listing that did not show up on your hunt and peck real estate mls search, whoever has it listed says sure "Red Rover Red Rover", send that buyer right over.
And remember scrambling for the last remaining chair when the music stopped at your neighbor's birthday party as a kid?Musical Real Estate is like the car dealer that says there is an, er, what's the word? (Turning three shades of red) ..ah...rump for every seat. Finding the buyer no matter what the listing is like is a musical chair process. The music plays while you have it listed. It stops when you don't.
And you rotate buyers around the housing inventory, hoping a new listing seat opens up, or the price reduction on one of the current "seats" or homes suddenly excites new prospects hoping to land there. With say Maine lakefront real estate, there are never ever enough "seats" and regardless of the market, this shortage creates sales on what does appear to sell and market.
The big oil guzzling older homes with some deferred maintenance issues are like the Big Pinata Game. Blind folded flailing and hitting the real estate candy sack can produce some gems the flavor you don't like...like the black or white licorice jelly beans I always said pass to as a kid. Selling, buying, marketing real estate is no kid's game though, especially when the economy tightens up and money is not flowing like milk and honey. Real estate hokey pokey, that's what it's all about. Hey! Like our Maine kids who work for their ipods, AF or AE clothing, the trick is to make the work fun. One potato, two potato, three potato..or.... What was your favorite kid's game and how do you apply it to the real estate game we all work in and post about here at Active Rain?