Just a couple of things I have been thinking about this week:
1. On Wednesday I attempted to make showing appointments on 7 houses. I was denied on 3 of them because the showing was not convenient to the seller. On 2 that I showed, there were spider webs in the keypad area of the key boxes. Obviously the market is slow right now. Considering that showings might be weeks apart, why would any seller who wanted to sell their home turn down a showing under any circumstances?  Do they realize that, in turning down a showing for their own convenience, those potential buyers probably won’t come back for a second attempt?
2. 90% of the calls I have received about my listings this month have been folks wanting to rent the houses. Not too strange on the face of it. But these folks were asking if we took Section 8 vouchers or if we had listings that did. I tried to help those I could by referring them to a property management company, and in a couple of cases, to a loan originator. The take away here: many who are in the market for housing don’t see any difference between renting and ownership; and the questions about Section 8 could indicate a shortage of subsidized housing in this market.  Are the throngs of investors in the Memphis applying for Section 8 status, or are they doing well without going there?
- Thank You, Essential Workers - September 7, 2020
- Mid-Century Modern for sale – 346 Waring, Memphis, TN - July 9, 2013
- RE Buzz – Real Estate News Roundup – July 9, 2013 - July 9, 2013
What do you think? Leave your comments.