Some days I feel like a horse race announcer….
Offers are due on one of my listings at 6pm on a Sunday night. We have been on the market for 7 days (which seems like an eternity compared to the expected 4 days until PENDING as of late). Everyone is on edge and the scene plays out something like this….
BUYER #1 is coming on strong and steady out of the chute!
BUYER #2 said they were writing an offer but is nowhere to be seen.
BUYER #3 is now nose to nose with BUYER #1!
Then wait, it’s BUYER #4 pulling from behind at the last minute to take the win!!!
Afterwards, some feel triumphant and others defeated.
With the sudden rise in interest rates and continued price increases, the typically intense spring market has reached a crescendo. Buyers feel like they are chasing their dreams and sellers are becoming concerned that the market is slowing.
In a recent article, Dr. Lawrence Yun, Chief Economist at the National Association of Realtors, said “”Home prices have consistently moved upward as supply remains tight. However, sellers should not expect the easy-profit gains and should look for multiple offers to fade as demand continues to subside.”
How Does a Real Estate Thoroughbred Stay Competitive in this Changing Market?
1. Aligning Yourself with a Top-Notch “Racing Team”(Trusted Real Estate Agent and Lender) is key. Experienced, grounded advice is priceless and essential.
2. Pacing Yourself is often overlooked. Burnout extinguishes goals and dreams.
Below Are Tips to Avoid Real Estate Burnout and Be a Winner
Take a Walk
Exercise gets us out of our head and into our bodies. It releases chemicals that boost our self-esteem, sense of well-being and promote concentration, energy and good sleep.
Fill the tub with bubbles or Epsom salts and a few drops of lavender oil. Let the stress soak right off.
Deep Belly Laughs
Hang out with people who make you laugh or watch a comedy.
Turn Off the Devices
Give your nervous system a break and shift your attention away from electronics.
Listen to Music
Experts say that listening to music can create a feeling of cohesion or social connectedness.
Get out in Nature
“Physical activity in a green space can reduce stress and lowers cortisol (the stress hormone) levels by 15%,” according to the National Park Service.
Yoga, Meditation or Prayer
This can be as simple as 10 deep breathes inhaling clarity and guidance and imagining letting go of it all on the exhale.
When we feel strong, rested and inspired, nothing is impossible and the proper perspective and attitude leads to achieving our goals. Having a good fan club helps as well so be sure to surround yourself with positive people who cheer you on.
OFF TO THE RACES!!!