Oh my gosh, it fell out of escrow a second time! Back on the market for the third time? As if once wasn’t enough?
That’s the reality you’re hearing from a lot of sellers as this market cools off and the buyer’s lenders scrutinize the property values on the homes they are trying to buy with a giant magnifying glass.
Why three times, you ask? Take a look at this very real scenario . . .
A seller lists his home for sale higher than his agent recommends. The first time around the buyer and seller agreed upon a price. Of course it was more than the buyer wanted to pay and less than the seller wanted to accept, but a deal no less.
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Archive for the ‘Tips On Selling Your Home’ Category
Selling 3 Times Is Not The Charm
Posted by welovedeercreek on July 13, 2007
Posted in Agent's Advice, Real Estate, Selling Real Estate, Tips On Selling Your Home | Leave a Comment »
Four Questions a FSBO Should Ask A Buyer
Posted by welovedeercreek on July 13, 2007
Decided to try selling For Sale By Owner (FSBO)? It looks like you and I will be in the same business during that process . . . The business of selling homes.
Let me share these four important questions that you should ask any buyer before you let them in to see your For Sale by Owner house.
1. Are you Pre-Qualified?
2. How much are you Pre-Qualified for?
3. Who Pre-Qualified you?
4. May I contact the person that pre-qualified you?
If they are not willing to answer these questions, then they are not serious buyers and there is no need to waste your time showing them your home that they most likely can’t even afford. There may be reasons why they are contacting a For Sale by Owner. A real estate professional might have pre-qualified them and found out any number of reasons why not to work with that buyer. (Poor credit, not motivated, unrealistic…)
I’m sure you already have a busy life and going For Sale By Owner is a pretty awesome, time consuming responsibility. There’s no need to make it more difficult than it has to be.
Let me know if I can help.
Posted in Agent's Advice, For Sale By Owner, Real Estate, Selling Real Estate, Tips On Selling Your Home | Leave a Comment »
Value Range Marketing – How it Works
Posted by welovedeercreek on July 13, 2007
The summer season is the time when more homeowners list their property for sale and more homebuyers purchase than any other time in the year. As these homeowners prepare their home to sell in the coming months, one question will rise above the rest: where should our home be priced?
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That’s where value range marketing comes in! Instead of listing the home at a fixed price, the seller allows the buyers to see the range that they would be willing to sell into. This would allow people to see the home who might normally miss it because it would otherwise be out of their price range. For example: A value range property that is priced between $500,000-$550,000 will show up in a search of a buyer who searches between $475,000-$520,000. If a the seller prices their home at a fixed price at $535,000, the property would not come up in the buyers search. As more buyers view and preview the value range properties, the added attention will generate more exposure to that property in comparison to comparable fixed priced listings.
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It is likely you have seen a home using the value range price strategy. The technique calls for a property to be sold using a low and a high price, while the seller entertains offers between the range. The process encourages open negotiations with a seller who will come down in price and a buyer who will go up. In order to create the range, instead of including your appliances and other extras with the sale you can sell them elsewhere which would enable you to lower the overall price of the property.
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The additional exposure has the potential to generate more offers and since competing buyers legally cannot know the price of competing offers, the presence of an offer, even a low one, may act as the catalyst in achieving a price above the prevailing rate. The Seller benefits by generating offers he may not have received due to the limitations of fixed pricing.
Posted in Agent's Advice, Negotiation, Real Estate, Real Estate Tips, Selling Real Estate, Tips On Selling Your Home | Leave a Comment »