Greedy Sellers make costly mistakes
I see it every day. Our Park City Market is looking good. Really good. Homeowners decide it's time to take their equity out of their property and move up ..or down. Awesome idea, Right?
Here is where the problem comes in - they see the home down the street sold for $xxxx. Wow. That's a great price. Mine must be worth $xxxx plus another $100,000. Maybe, but probably not.
I am all for pushing the limits so sellers leave NO money on the table...
I am all for pushing the limits so sellers leave no money on the table, but there are limits to what the buyers will swallow. Say a home on your street of similar size, similar lot size was recently upgraded and sold for $500 per sq ft. about a month ago. The market continues to increase, and your seller thinks that even though their home is not quite as nice and maybe their location is not quite as good, they want to list theirs at $600 per sq ft. Really?
Most buyers have been watching the market via the internet or in person and know exactly what the house down the street looked like. They will have a hard time paying much more for your home even if it is of the exact same quality let alone if it is lesser quality.
Don't make this costly mistake. Remember the old "Bird in the hand" adage? In theory this buyer is already excited about your neighborhood or they wouldn't be watching it. Buyers will wait until a better value comes along and grab that one. Don't get greedy and they will realize yours is a great opportunity and not an overpriced mistake.
Want to know what your home is worth in Park City Utah? Call me today!
Sellers - Do you want to sell your home or not?
I haven't written in a while but this subject has been driving me crazy for quite a while. OK - here we go!
Sellers, do you know what it takes for the Buyer's agent to set up a weekend of showings for a client ?
We agents search through sometimes hundreds of listings to dial down the best choices for our client based on their desires, compile that list set up a showing schedule geographically and design it to not overwhelm the client, and try to figure out how much time the client will want to spend in each home to make sure the day flows properly.
Not so tough right? Wrong. One of the most challenging aspects of setting up our clients to see YOUR home is the fact that the agent must be present for showings. Ugh! Really?
One of the most challenging aspects of setting up showings is when the seller's agent must be present for showings.
Let's look at some of the possible reasons...
Is it because you don't think the buyer's agent knows enough about your house/neighborhood/area?
Is it because you feel that your possesions will be at risk if your agent is not there?
Is it because you want your agent to "sell" the house while the client is in your home?
Is it because your agent has convinced you it is best if they are there during showings?
Let's talk about how this decision to require that the agent be present can effect your ability to sell your home.
1. When setting up first time showings for a client, buyer's agents show not only homes that fit the buyer's wish list, but homes that are easy to show. Don't tell me I have to totally rearrange the schedule I have spent hours creating because your agent can't be there when I am in your area. Often times your home...