Some stories are mine, some are from other agents… I’ll just pretend they are from another agent so my clients don’t get mad at me.. hehe
1) Agent01 received a phone call from a person who wanted to interview agent01 for listing their home. After doing some preliminary research Agent01 figured their price wasn’t too far off, so went looking for other problems with their home. What do you know, their listing had a few glaring errors. Wrong School District, Wrong zip code, tax info incorrect. Listed the home making the changes. BINGO! Home sold in 14 days. Side Note: They had been on the market for 6 months previously.
2) Agent01 received a phone call from a person who wanted to interview for a new agent. Agent01 started doing research and figured out home had been on the market for 4+ years and had been won in a raffle, and NEVER lived in…. Home had been listed at 375-385k the entire time. Home was in a neighborhood that was actually 3 seperate sections, and had prices ranging from 200k-1mil+.. Short look at the numbers showed 6 homes in their sq ft’age/# bedrooms had sold in the past year, and the avg price was 379k. When you realized there was 3 seperate neighborhoods, and put in the homes in this specific neighborhood, quickly realized only 3 homes had sold in past year(1 every 4 months), and the avg price was 325k… They didn’t want to reduce that much, and Agent01 didn’t want to waste their time or his. Interesting to note the agent who did take the listing talked them down to 370k, but signed them to an 8 month contract. I hope they sell for the price they want, because the current contract has their home listed through the best months to sell… They will come up for renewal in September which is pretty late in the selling season… Hope they sell, I really do!
Have I mentioned lately that you need a good Realtor who can do the research so you can make informed decisions? There is a statement in real estate that really hits home. “Dont make your home the advertisement for other homes!”… Basically, don’t price yourself where you make your competition look better! You need to be the best home on the market in your price range, or you are going to sit until you are the best home. Who knows when that will be, especially with new homes hitting the market all the time… Hope that makes sense.
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