Davidson Realty, Inc.

Understanding Realtors Make a Difference in Selling Distressed Properties

January 13, 2010

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Posted by in Distressed Properties

Dottie LayI have been working with many homeowners lately that are in a distressed financial situation. They aren’t able to pay their mortgage any longer and are looking at alternate solutions, like a Short Sale and, in extreme cases, foreclosure. Unfortunately, this has become quite a common occurrence, which is why there are so many foreclosures in Jacksonville and the rest of the Northeast Florida real estate market. As the homeowners make these difficult decisions, they feel grief and sadness.  It is my job to help my clients with their real estate transactions, however, as I work with them they become my friends too. And I want to help alleviate their stress and get them to a brighter tomorrow. So I did a little research to get a better understanding of what they are going through. I realized that the stages you go through when you are losing your home are the same stages as when you lose a loved one. After any significant lose, people experience the five stages of grief. They are:

1. Denial and Isolation- At first, you tend to deny the loss has taken place.
2. Anger – You may be angry with yourself for letting the event take place, even if, realistically, nothing could have stopped it.
3. Bargaining – Now you may make bargains with God, asking, “If I do this, will you take away this loss?”
4. Depression – You feel numb, although anger and sadness may remain underneath.
5. Acceptance – This is when the anger, sadness and mourning have tapered off.  You simply accept the reality of you situation or loss.

Although I can’t take all of their pain away, I believe working with an educated, professional Realtor – who is compassionate – can make a huge difference in the outcome. If you or anyone you know is in a distressed property situation and living through these stages, please reach out to me at http://www.davidsonrealtyinc.com/our-team/davidson-realty/dottie-lay/?id=dlay@davidsonrealtyinc.com or a Realtor you trust and get help that can make a difference.

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