Just wanted to send a little note to all the doom and gloomers…
End of November, I was working with a buyer client. First week we found a little 2 bedroom house that had been on the market for almost a year with no activity. We made an offer, and were informed “We have multiple offers on this house, so send us your highest and best offer!” I was in shock… I even (laughingly) told the listing agent so.. “Try that lie on someone else please.. hehe This house has been on the market for almost a year and hasnt had a price reduction.” Her response, “I know, i cant believe it either, but it’s true!!!”.. I thought she was bluffing, informed my client of such, but also told him i would be happy to write a higher offer if he wanted to. He decided to stick it out with his original offer, and the next day it pended, and we werent the buyer…
2 weeks later we were out looking at houses again, and we found a nice little house at a nice price, and we made an offer… “We are in a multiple offer situation, please submit your highest and best offer!”…. My jaw dropped to the floor… This time we didnt take any chances, and offered full price offer w/20% down… We lost the house AGAIN!!!! Someone outbid us…. I couldnt believe this buyers luck.. 2 different houses, 2 different listing agents, and we cant buy a house to save our lives….
Friday I completed a price reduction on one of my listings, and completed some new marketing. We haven’t had a nibble on this house, and the contract was going to expire end of this week, and I finally convinced the seller to take a price reduction… We dropped the price by 5+% from 170k to 160k…. Not a lot, but by Saturday we had 3 showings scheduled, and by Monday I had two offers to go over with my sellers…
3 things determine if your home sells.. Marketing helps, but these are the biggies!
1) Location
2) Condition of the home
3) Price
Just goes to prove, there is fish in the sea.. You just need the right bait to catch one! Once you have the right bait, WATCH OUT!!!!
Recent Comments