Friday, October 26, 2007

Seller Beware

Sellers Beware

Here is a scenario for sellers to avoid.

You contact a real estate agent to list your home and the agent suggests that you might get more for your house than comparable homes on the market. The agent assures you that it only takes finding one person who is willing to pay your price!
Some agents approach a listing appointment as if
they are bidding for your home.

The unfortunate result is that you start out with an unrealistic opinion of your home's value.
There is often a strong temptation to work with a person who says what you want to hear.

An experienced, reputable real estate agent will back up their opinion of your home's value with hard data. The agent should give you information about the listing price of homes that are currently on the market, and recent selling prices of similar properties in your immediate area.
Even the most heroic marketing efforts won't work on a property that is obviously overpriced, (except in the most exaggerated of seller's markets.)
Even if you find a buyer who is willing to pay more than your home is worth, the sale could fall apart when the appraisal comes in lower than the
agreed-upon price.

Listen to everything, but be careful!

Does This Real Estate Tip Really Apply to YOU?
I've learned these tips through years of experience as a
top real estate agent. But I know that
YOUR situation might be different.
That's why I'm here.
It's my job to personally advise homebuyers and sellers.
Does this tip raise questions for you? Let me know!
I am happy to answer ANY questions. It's my job!
There's no obligation, and
I promise to get back to you quickly...