Sunday, September 26, 2021 / by Capprice Kitchen
It’s no secret that most of the country is experiencing a strong seller’s market. With more homebuyers than inventory, most sellers have been delighted to sell quickly and often with multiple offers above list price. Yet, some homes are still sitting on the market and these sellers are probably wondering why.
Here are a few reasons why your home listing may not selling in this Seller's Market:
1. Overconfidence – While many homes are being snapped up on day one, this does not mean you can avoid the basics of good marketing, professional photos, and open houses.
2. Overpriced – In a seller’s market, home prices do advance, but a dramatically overpriced home will still sit unnoticed.
3. Appearance – With low inventory, homebuyers will compromise on some issues, but properties in need of major TLC or extensive deferred maintenance will not hold mass ap. ...
Tuesday, May 11, 2021 / by Capprice Kitchen
We all know the type. The person who just says “yes” to anything, never challenging or questioning an opinion or strategy. These people-pleasers agree with anything suggested; while they may be nice friends, in real estate a yes-man or yes-woman can actually cost you money. Often a lot of money.
No one likes to leave money on the table, but having an agent who doesn’t challenge unrealistic expectations is not serving the client. So, how can you spot these yes-agents?
These yes-agents can take many forms. On the seller side, they could be the agent that lists a home at an unrealistic price. Well-priced homes are selling quickly, but that does not mean that a seller can add 10% or more to recent sales and expect to sell the home. Over-pricing a home can cost precious time as potential buyers forgo viewing the property in favor of well-priced options.
As the home lingers on the market, the seller must eventually lower their price to market value. Buyers of ...