Fantasy Land or Reality?
Posted by Keen Brothers on Thursday, June 26, 2008 at 11:27:33 PM By Keen Brothers / June 26, 2008 Comment
I talk to Seller's every day who just can't seem to separate their feelings about the market from the reality of the market. A lot of folks feel their home is worth more than what a qualified Buyer in today's market is willing to pay for it. A lot of folks like to spend more time in Fantasy Land than in Reality.
The harsh reality is that the market just doesn't care about your feelings. Let me explain what I mean. Say you'd purchased IBM stock for $100 per share, and you wanted to sell it for $140 per share because you felt it was worth the money, but the market for IBM stock at that time was only $110 per share. Do you think someone would pay you $140 because you feel they should, or do you think they'd offer you the $110 that the market's offering?