I recently received the chance to help an out of town buyer find a new home. He was only in town for a short period of time and he was very motivated to find a new home. The first day we looked at homes that he thought would meet his needs but we quickly realized that we needed to move the price point up significantly. In fact we tripled the price range and started our search over again.
I had to scramble to get ready for the next appointment. The move up in price put us into a significantly higher bracket with type A sellers and agents treating their listings like trophies to keep on the shelf and protect them from prying eyes of mere mortals interested in buying the properties. Many of the listings required 24 hours to show them. Many of the homes were listed by a few agents whom I consider to be prima donna agents. I skipped those listings - or at least I skipped them for the time being. I chose 5 listings that met the buyer's criteria and which I could get into with 2 hours notice. I didn't have any more time than that.
Some sellers and their agents were great. One I had to bully into changing her appointments to let us in. Happily, my buyer fell in love with one of the five homes and we moved from shopping to being under contract in a weekend.
Here is the problem. These homes in my buyer's price range and criteria had been on the market from 860 days to 62 days. The one that has been on the market for 860 days requires 48 to 72 hours notice! How many buyers are going to put up with that. The ones that have been on the market for 452 and 398 days need 24 hours notice too. The home that my buyer bought was on the market 470 days on the market.
When there are only a few buyers that are looking in your price range, you can't make it difficult for those buyers to see the house. My buyers just bought the only house that has sold in 6 months in that price range and location in the last 6 months. Do you think some of those sellers should rethink their attitudes about access to their homes? Maybe my buyer would have fallen in love with their home instead.
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