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Welcome to your constantly updated resource for news and views on the Brookline Real Estate market. Here you will find commentary and statistics to explain the daily changes in the Brookline specific housing market.

Whether you're looking for an estate in Cottage Farm, a condo in Brookline Village or are just stopping by please feel free to read along and comment at will. If you are interested in speaking about renting an apartment, buyer representation or listing your home please feel free to contact me.

Wednesday, July 09, 2008

Tragic results of a down market.

I came across a news story this week about an agent who was allegedly murdered by a former client while sitting in his Michigan office. According to various reports, agent Troy VanderStelt was in his office when a former client of his walked in and asked to meet with him. The pair entered a conference room when the client allegedly pulled out a hand gun and shot Mr. VanderStelt in the side of the head. The client is claimed to have been upset about the decreased value of his home. Mr. VanderStelt was 33 years old and leaves behind a wife and four children.

We have already seen people attempt to file lawsuits against their agents after their home values decreased. As far as I know all of these claims have been dismissed by the courts thus far. At the end of the day, I cannont promise what every buyer's agent does, but I know that I make it fully clear to all of my clients that the buying decision is 100% theirs. An agent is only a consultant in the process. This is a tragic extreme example of the emotions caused by today's market pressures. We hope for the best for the family members, and keep this always in the back of our minds when interracting with consumers who, in many cases, have their entire life savings and earnings tied to their housing.

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The views expressed on these pages are the opinion of the author and any public contributors. They do not substitute for the advice of a legal or financial professional. These opinions are not representative of any firm or business. Please always consult an attorney, financial professional or sign a contract with a Buyer Agent or Seller's Agent for specific advice.