November 20, 2008

In today’s volatile market, buyers expect to get a great deal when then purchase a home. It’s almost as if they want to be rewarded for being brave and credit worthy. So how do you price your home so that it’s competitive enough to get buyers looking at it, but high enough to allow the negotiating room buyers need so they can assure themselves they purchased the home at a discount?

A while back I showed a home that had been reduced for a quick sale. It was a great deal. The buyer I was working with loved the house and made an offer (90% of list price) on the home. The offer was rejected. When I asked if the buyer would have been happy with the purchase price if the home had originally been listed higher and he’d offered the current list price. The buyer admitted that buying the home at a discount was more important than finding the right house at the right price. He absolutely could not pay full list price for the home, even though the list price was below comparable homes.

It’s difficult for sellers to understand that some of the appreciation they’ve experienced over the last few years has been wiped out. But if a seller has owned for more than about 8 years, he still should have built up enough equity to be able to price well, leave a little room for negotiation and walk away from the table with some profit. Compare profits to what your stock portfolio or retirement is worth, and sellers in most parts of the country are still OK. Yes, there are areas in the country where sellers are upside down in their mortgages, but how many of these sellers have owned for more than 8 years?

So if you’re a seller with enough equity to negotiate, do so with grace and gratitude. Hopefully, you’ll get just a good a deal when you go to buy your next home!

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Local Information for East Ellijay, GA

Latitude: 34.684668 -- Longitude: -84.472434

ZIP Codes for East Ellijay, Georgia	30539 30540
Area Code for East Ellijay, Georgia	706
Time zone for East Ellijay, Georgia	EST

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East Ellijay is a city in Gilmer County, Georgia, United States. The population was 707 at the 2000 census. As its name suggests, it is just east of Ellijay, Georgia, the site of a Cherokee settlement, one of several with the name. In Cherokee the name is properly rendered "Elatseyi" (abbreviated to "Elatse"), which can be translated as "green verdant earth", suggesting fresh-springing vegetation. It was variously spelled Ellijay, Elejoy, and Allagae. In addition to the Cherokee town in Georgia, there were Cherokee towns of this name on, one, the Keowee River in South Carolina, two, on the Little Tennessee River at Ellijay Creek, and three, on Ellejoy Creek of the Little River near present-day Maryville, Tennessee. East Ellijay was originally the location of Fort Hetzel, one of the Cherokee removal forts built in 1838 to house the Cherokee people before sending them on the "Trail of Tears". -- Source: Wikipedia.com

Georgia 2000 Census Population Profile Map

	East Ellijay	Georgia	United States
Population	707	8,186,453	281,421,906
Median age	30.5	33.4	35.3
Median age for Male	27.9	32.1	34
Median age for Female	36.3	34.6	36.5
Households	251	3,006,369	105,480,101
Household population	707	7,952,631	273,643,273
Average household size	2.82	2.65	2.59
Families	160	2,111,647	71,787,347
Average family size	3.18	3.14	3.14
Housing units	265	3,281,737	115,904,641
Occupied units	251	3,006,369	105,480,101
Vacant units	14	275,368	10,424,540

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November 20, 2008

Local Information for East Ellijay, GA

Latitude: 34.684668 -- Longitude: -84.472434

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