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Motivated Seller-Aren't they all!

By
Real Estate Agent with The Wineingers - Re/Max Preferred

Are there really unmotivated sellers?  Why do agents put these words in the description or add a rider to the sign?  Why not just get the sellers to lower the price of the home to draw the most attention to it as possible.

In today's Real Estate market it's important to help the seller to understand the local market, and in-particular where there home is placed in that market.  Adding the words 'motivated seller' or 'make offer' do nothing to help sell the home.  They just encourage buyers, who already believe they can offer 30% below list price to offer less and/or ask for everything under the sun.

As Realtors today, one of our biggest challenges is to keep our sellers informed as to what is happening.  Gone are the days when you do only one market analysis for a home.  Now, doing a market update every 30 days is important to keeping the sellers home priced where it should be.  Staying on top of what is new to the market so the sellers knows their competition, keeping them informed about what has sold within their area, AND what has gone under contract while your home is still for sale.... why did it sell and yours didn't???  It is important to continually provide the sellers with information about any changes happening so that when you ask for a price adjustment they KNOW that you aren't just taking the easy way out, but that you continue to do your research and you are asking because the market is telling you that's it's necessary. 

Remember, the price a home sells for isn't determined by the Realtor, it's determined by the market.  Our job is to do our best to price the home to sell as quickly as possible for the most amount of money.  Often times the sellers disagrees but showing them that you have researched your local market, and giving them proof of what's happening will usually get them to understand it's not that you don't want their house to be worth more.... just that the market says it isn't.

And, if you've got an un-motivated seller - do you really want the listing?

Darren Revell
Keller Williams Realty Temecula Valley - Temecula, CA

I agree and disagree with some of your points.  Yes, there are unmotivated sellers... They are the ones whose homes have been on the market for ions of time.  Will the unmotivated become motivated?  Who knows... depends on their situation. 

As for putting in the comments that the Seller's are motivated... that is a huge no no in our area as that puts the Seller at a disadvantage during negotiations and without WRITTEN consent from the Seller, you are opening yourself up to litigation in the future. 

Do people still do it!.. Yes... unfortunately

Top Producer provides a Market Snapshot that you can have sent to your Seller, Prospects, etc., on a regular basis (every 2,4,6, or 8 weeks) to keep them abreast on what is happening in their market.  Does this take the place of a market analysis or CMA?  NO...  but it does keep them informed on what is happening, and may help you to get the reductions you need to get their home "IN" the market instead of just "ON" the market. 

Thanks for the post. 

Apr 19, 2009 06:33 AM