Shedding (Crocodile) Tears for Luxury Real Estate Agents When Bill Gates, home seller, tells his Realtor after receiving an offer, “I think $20 million is too low — let’s wait for $30 million” (or $40 million, or ???) . . . you know he can. Can you say, “no (financial) motivation??” In a nutshell, that’s...Read More
The Psychology of a Spurned Offer Sometimes, financial considerations prevent home owners from selling. If they owe more than their home is worth, they must either be able to write a check for the shortfall at closing, or, persuade their lender(s) to reduce the mortgage balance. However, such “underwater” home owners only account for a...Read More
