Tuesday, December 09, 2008

Temporary Housing

"We build sand castles," a sales manager once told me. "When it comes to recruiting and developing a team you have to remember that a third are coming, a third are going, and a third are making up their minds..." Ironically, I happened to be one of those 'going' at the time.

The same holds true with home sales in Chicago today. Lenders are sorting through stacks of mortgage re-work files on ivory tower credenzas deciding (arbitrarily it seems) which deals to stick with and which deals to send off to the oyster shucker. I have a condo buyer who, when we first spoke back in August, only wanted to look at Short Sales and Foreclosures. His latest Text to me this morning pinged the following urgent message: NO MORE SHT SALES. NO MORE 4CLOSURES. NO MORE PAIN. We lost another one at the witching hour. I looked in my briefcase and pulled out four different Initial Earnest money checks with his signature. I wrote VOID, too, on the latest example.

The housing market, as we know it today, is subject to the winds and tides of economic change--- both globally and locally. My advice: Determine the safest distance from the tsunami and then make an Offer. Oh yeah, bring plenty of supplies and don't bother glancing at your timepiece, either. Remember, we're on Island Time (not Chicago time) now and waiting for a quick answer, like swilling warm sea water or staring into the eclipse, will only drive you insane (or at least that's what the nuns used to say). When the Sun does re-appear (one day soon I predict), those who purchased at low tide will be the king and queen crabs of the sandy 'hood, taking those long, romantic walks on the beach, hand in claw...or something along those metaphoric lines.

image taken from my iPhone on Captiva Island last Monday

No comments:

Post a Comment