Boston Community

Hanafi Libman

Member since: Feb 07, 2006
Last activity: May 15, 2009

  • I hear tell that the bass player and percussionist are fabulous as well!

    Posted Nov 27, 2007 Poetry for your Soul a conversation started by Aaron Silverberg
  • Some terrific points have been made and great advice offered to the frustrated sellers here. There are a couple of issues that I believe need some additional attention.

    Perception. Seattle's market doesn't necessarily suck, it is normalizing. The past few years of rapid sales and intensity have been the anomaly, when you examine the marketplace from an historic point of view. 30-60 day market times are the norm (and more). Why do you think the custom of a 90 day listing developed in the first place?If its substantially more than that, there is something very wrong going on, that needs to be evaluated with brutal honesty.

    Pricing. Be very, very careful, but don't think you need to give it away because it hasn't sold in 2 weeks.Price it right at the beginning! You need an agent you can trust and believe her/him! Things will be slow until January. Relax, take a bunch of deep breaths and truly accept that. Lots of folks take their homes off the market through the holidays. Its not a bad idea if you're going to stress out because no one is viewing/showing. A Seattle listing I put on the market in October, sold with multiple offers, over list price, in 2 weeks. It was even priced a touch high, but carefully and frugally upgraded with just those things that made it shine.

    Unless the economic conditions in the country truly go into the toilet and bring Seattle with it (which is certainly a possibility), the local economy is quite robust. Builders are eliminating their inventory and are providing stiff competition, but new construction is generally higher priced per sq. ft. than comparable resales anyway. If the move in buyers need to sell homes in other parts of the country, we've got a problem. If they can rent them out and buy here; yippee!

    I'd like to echo the advice re selling a bit low and buying advantageously in this market. These days, public perception is generally negative, but as usual, may be ill-informed. If you're a buyer, this may well be the best opportunity thats become available in years. If you're a seller, get real. Get good advice. Examine your options realistically. Accept contingent offers (but first carefully check out the potential buyer's home.)Buy contingent on the sale of your home. Seattle sellers are just going to have to readjust to those terms.

    Its not so bad out there, really!

    Posted Nov 27, 2007 Hypothetical: If you were selling your house today... a conversation started by Jennifer Hofmann