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Home Selling in 44118 : Real Estate Advice

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  • Local Info6
  • Home Buying16
  • Home Selling4
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Activity 4
Mon Aug 28, 2017
Vitoria asked:
Tue Jul 30, 2013
Annette Lawrence answered:
Jsmith,
It is unclear to me if you are asking this question as a homeowner second guessing your agent or if you are a home buyer with acute interest in a home you have interest in. I will assume you are the home owner.
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How a price reduction is managed to leverage all the resources available depends first on if this was a strategic reduction or a compelled. The next factor is directly related to your agents resources and the structure of the strategy in place.
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Your agent may have as many of four cloaked markets where communicating a price reduction can have significant influence. Add those markets to the resources of the MLS and tertiary home search resources such as ListingBook and the audience receiveing this communication can be vast.
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Please be aware, NO AMOUNT OF ADVERTISING WILL SELL A HOME PRICED OUTSIDE THE BUYER VALUE BRACKET. This is a discussion you had with your agent when your home was listed. If you are 30% high and the initial response was absolute silence, reducing the price 5% WILL NOT change the result.
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A meet up with your agent may prove essential. Selling a home at top price requires a strategy, not advertising. Don't be distracted by the shiny stuff. If you goal is really to sell your home, go with a strategy that makes sense, aligns with what you know and is compliant with your agents resources.
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In my enterprise, the seller will be unable to observe the important 'price change' communication to the Class A, target buyer. The results, however, of a strategic adjustment, will be undeniable.
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PS: If you are a buyer. have your agent communicate your interest to the listing agent. You may discover, that a serious buyer who actually makes an offer just might get what they want. Too often, a mug-womp buyer, by waiting, creates the bidding environment they wanted to avoid. If you have interest, make an offer.

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us.
... more
0 votes 7 answers Share Flag
Tue Jul 30, 2013
Annette Lawrence answered:
KB,
What a disappointment. As you can read from the responses of all my collegues, we all take this a bit pesonally. In the future, this will most likely be YOUR 'defining moment' of a real estate professional. And nothing is further from the truth regarding those professionals who have dedicated their lives to helping owners sell and buyers purchse homes.
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Whenever I've encountered such obvious contradictry behavior, time has revealed there is so much more taking place in that individuals life and that my judgement made me truly lose sleep. Always choose kindness. You simply can not know ......
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The correct response is to turn towards your agent. You set a meet up date, at the agents office with the manager or broker in attendance. As Alicia hinted, you will be pleasantly surprised that gracious, non-judgemental, transparent communitions solve so many issues. Even if you choose to go different paths. you will still be friends. It is amazing how turning towards changes a perspective.

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us
... more
0 votes 10 answers Share Flag
Fri Mar 15, 2013
Bob Whitcraft answered:
Price is based on comparable units in the same community.
0 votes 14 answers Share Flag
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