There's an oft repeated tale about how certain hunters in Africa catch monkeys. It can be very difficult to corral these intelligent creatures, so hunters have used a more inventive method...trapping a monkey by enticing him. A small jar is placed at the base of a tree with nuts or other items which may attract the monkey's curiosity.
The opening of the jar allows the monkey to place his hand in, but when he tries to withdraw it, he is unable to do so without letting go of the contents of the jar. Believe it or not, some monkeys will stay there with their hand in the jar until the hunter comes back to trap them! They are trapped because they are unwilling to let go of something they are doing which is working against them.
It's not just monkeys who get trapped by what they are unwilling to release. While, most of us would not be tempted by peanuts or sweets in a jar, it's amazing the things we will hang onto rather than release them so we can move on. As a Realtor, I witness this phenomenon all the time. The peanuts are quite conventional; I've got to obtain this Price for my house...irregardless of the market or I must have this home even though I can't really afford the payments. There may be variations on these themes, but in the end they're still peanuts...unrealistic expectations held on to at the expense of moving forward and achieving our goals & desires.
The real estate process often involves the 3 main components of this story; the Hunter, the Monkey & the Jar of Peanuts. Buyers & Sellers are the significant players in the real estate process. Sometimes, there is a tendency to behave like the monkey with the hand stuck in the jar for a few peanuts. Instead of drawing back, taking the hand out of the jar to reconsider options and listen to sound counsel, so many get trapped by the peanuts.
Peanuts are the misguided rewards that we think we desperately need. Peanuts are symbolized by the Price that the Property must be worth because so much has been put into improvements. Peanuts talk to the monkey even though they have no audible voice. They convince the monkey that if you hold on to this for long enough, you will get what you want. Peanuts lie! Letting go of false assumptions is what will bring fulfillment to the desire & this can only be done by stopping the action of holding on to those peanuts.
Holding on to an Artificially Inflated Price which the current market cannot support is listening to the Peanuts Lie. Refusing to let go of clutter that serves no useful purpose and is hindering the sale of your home traps the hand in the peanut jar. Looking for the perfect home, in the perfect neighborhood, with the perfect neighbors at the perfect price etc. ad nausea ensures that your dream will never become a reality because...I tell you truth...Those peanuts will lie to you & then trap you! Once you move into the perfect neighborhood, you can rest assured, it will no longer be perfect.
The Hunter represents market forces. The market needs players so it offers attractive opportunities. The number of financing vehicles, housing choices & selling tools available to home buyers and home sellers has created many options & provided a diverse variety of peanut jars. The market doesn't really care which monkey is snared by the contents of the jar. It knows that some monkeys will pass by it's offers & simply decide that peanuts just aren't' an attractive choice on the menu at the moment.
The Hunter also figures that a certain percentage of monkeys will recognize a trap when they see one & won't fall for the ruse. But, it gambles that enough monkeys will not figure out a very simply solution to the dilemma. Simply, let go of the peanuts, release your hand from the trap, turn the jar upside down & then you can have your peanuts & not get trapped! The monkeys who have their Freedom & Eat Their Peanuts as well are those who realize that sometimes you have to let go of an outdated or incorrect assumption or ideals in order to move forward. Sometimes, the action you take to STOP doing the wrong thing is the most important action you take because it allows you to see more clearly the best solution & option available to you.
Instead of demanding the highest price, simply stop being unrealistic. Instead of taking several jobs to support a lifestyle we cannot afford, simply stop spending more money than you make or sell your house & move to something more affordable. We would be so much further ahead. if we concentrated on simply stopping doing a few of the things that we are doing which impede our progress Instead of thinking like the monkey who is committed to getting a few peanuts out of a jar at the expense of his life & freedom, we can stop and let go of the peanuts & choose intelligent solutions. This technique works for real estate & for life!
© 2007 Audu Real Estate All rights reserved

Lola Audu, is the Designated Broker & Owner of Audu Real Estate. Our company specializes in helping people buy and sell homes in the greater Grand Rapids, West Michigan area. You can contact us via e-mail @ info@auduhomes.com or by phone at 616-791-0511. Thanks for visiting our blog. Here are links to some of our most popular posts for you to enjoy!
The ABC's of Selling Short Sales in West Michigan
Bed Rock Business: How To Thrive While Travelling the Tide of Shifting Sand
The One Week Shortsale Miracle!
The Convenience Factor...Would you Buy Your Next Home at the Grocery Store?
Six Hidden Issues Which Can STOP You From Moving from Here...to There

I had heard this story about trapping monkeys before, but had never thought of it in the context of what happens in so many real estate transactions. I have seen greed and/or unrealistic expectations rob so many people of a good, solid sale, only to sell for much less much later because they were unwilling to let go of "peanuts". In a challenging marketplace, this is so unfortunate. Is this a factor in your marketplace?
Hi Jason,
Thanks for reading & for your comment. I must have been editing my comment as you were posting. I appreciate the vote! I suspect this is "real life" experience for a lot of folks.
Very nice post!
:)
Eva
I flagged this hoping it will be featured.
LOL Michael. Heeeeere monkeeeee.
Excellent post, Lola. What a terrific analogy to share. This will be read again and again.
Right now there are too many buyers in my area just monkeying around for my taste. :)
Jeff
Thanks Eva, appreciate your stopping by.
Lisa, thank for your comment! Appreciate it.
Vickie, So glad you enjoyed this post.
Leo, Thanks for your comment & recommendation. Until I started writing the blog post, the analogy had not occurred to me either.
Ed, Thanks for stopping by. Yes, there are some significant applications to life as well. I can certainly appreciate some of them personally. :)
Carole, Thanks for the comment.
Hi Endea, Good luck with your clients. The good news is that being focused in dealing with these type of issues has huge dividends in stopping the wastage of time, resources & money due to unrealistic expectations. Thanks for stopping by.
I can so relate to the situation you describe. It's unfortunate that some people choose to ignore the glaring reality of the truth & move ahead in the same direction which created the problem in the first place hoping for a different result...they have a name for that kind of behavior don't they? When you add greed to the equation, it becomes explosive! Thanks for your comment Bryant & I sincerely hope that your clients become willing to deal with reality before they loose everything.
I come back from being on vaction and what do I discover? Lola's got a face... and a nice one too! LOL
It's funny how instantly one feels MORE connected to bloggers here in the Rain when the post a pix of themselves.
Me
PS: The post is VERY clever too. And SOO true in MANY areas in life... not just in a real estate transaction.
Ah, yes Craig...the butterfly has flown away. She decided it was time to reveal the lady behind the image and free her from her cocoon! :) No, seriously, thanks for stopping by & I sincerely appreciate the comment. I know that the thoughts in this article resonate...because I've lived & witnessed the reality of this type of thinking/acting professionally & personally.
P.S. And...Thanks for being You!
Wow! One of the best posts that I've read in a long time! Way to go! Now, I've got to go and let go of some peanuts!
Bob Mitchell
ValueList
Hi Gary, thanks for your comment. This is an issue which definitely impacts how we view & respond in the real estate marketplace, but it also is relevant to how we respond to life!
Hi Bob, Thanks for your comment. I'm glad you enjoyed the post. Letting go of "peanuts" is a life-long endeavor as the temptation to get stuck is always present. :)