By:David Kucic RA, GRI, ABR, AHWD, e-PRO
First Sergeant, USA (Retired)
Tropic Lightning Real Estate, Oahu, Hawaii

The title to my post says it all.  If you want a listing and you want to be successful with that listing, tell the seller the truth rather than giving them some crap just to get the listing.  This is not only true with Hawaii Real Estate but no matter what part of the nation you go to, you must be honest with your clients.

My Military clients demand honesty and that is all they will recieve.  They know that the truth hurts but they would much rather have the truth than be mis-led.

In case you have not noticed, the market is changing and the buyers are getting the upper hand on many listings.  If you want to stay in this business longer than a year or two, you need to be honest and truthful to your sellers that you are representing.

Too many times, I see homes in Hawaii on our MLS that are overpriced from the very start of the listing.  Why would you do that to the Sellers and yourself as a real estate agent?  Why take a listing that is grossly overpriced when you know it wont sell?  If you think you are doing well and making a name for yourself it might just backfire on you. Taking a listing that is grossly overpriced makes you look like a knucklehead.  What you need to do is be honest with the Seller, give them the truth about what their house is worth and if they argue about your assessment and the value then you need to either turn around and walk the other way or make an agreement with them about their price.  Maybe you can list it at X dollars for X weeks but if it has not had much interest then lower the price at a predetermined time.

I can tell you first hand that being honest is what my current sellers are looking for especially in this market.  I am honest with all of my Sellers.  I turn down twice as many listings as I take.  

"Honesty is the best policy".  Something we all learned when we were children.

David Kucic
www.davidkucic.com
mailto:david@davidkucic.com

 
This post has been included in Hawaii Information Honolulu County, HI Information

6 Comments on Selling Real Estate in Hawaii Requires Honesty

I just went on an appointment on Tuesday...lets see if they think the price needs to be right and not overpriced. I told them overpricing only hurts them as well as adding to the flooded market we have. It only will make things take longer.

09/07/2007 07:00 AM by Neal Bloom-Realtor ® Assoc.-CRS-Weston FL (RE/MAX Premier Associates)


Good luck Neal.  The market is too flooded with "appropriately priced properties" and they all look the same in certain areas.  If they REALLY want to sell, the one thing that will make them stick out above the crowd is to price the home to sell.

09/07/2007 08:25 AM by 1SG (Ret) David J. Kucic Hawaii Relocation/VA Expert (Tropic Lightning Real Estate)


You have to be priced below what your competition is in order to sell quickly. If they don't need to sell then they will probably say they need to list higher because people will make low offers. Sometimes you can't win for losing. Mahalo

 

09/07/2007 08:18 PM by Jay McGillicuddy~Real Estate Broker (Prudential Verani Realty)


Jay-You made it simple and to the point.  If the sellers can follow that small piece of advice, they will be much more successful.  Aloha,

David Kucic RA, GRI, ABR, AHWD, e-PRO
First Sergeant, USA (Retired)
Tropic Lightning Real Estate, Oahu, Hawaii
www.davidkucic.com
mailto:david@davidkucic.com

 

 

09/07/2007 08:26 PM by 1SG (Ret) David J. Kucic Hawaii Relocation/VA Expert (Tropic Lightning Real Estate)


Hi David,
Amen, Amen!  You know the truth is going to surface later anyway so why not start out with that.  I find that a lot of Agents do not lie, they just do not tell everything.  What's the difference?

09/08/2007 09:18 AM by Cynthia Tilghman, Realtor® Onslow County NC Home Specialist (Kingsbridge Realty, Inc)


Cynthia-The lying to clients about the value of their homes is so dumb.  It just baffles me that they continue to do it and take over-priced listings.  There was another that came on the market and was at least 50k overpriced.  Thanks for stopping by!

David Kucic RA, GRI, ABR, AHWD, e-PRO
First Sergeant, USA (Retired)
Tropic Lightning Real Estate, Oahu, Hawaii
http://www.davidkucic.com/
mailto:david@davidkucic.com

09/08/2007 10:17 AM by 1SG (Ret) David J. Kucic Hawaii Relocation/VA Expert (Tropic Lightning Real Estate)


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Real Estate Agent: 1SG (Ret) David J. Kucic Hawaii Relocation/VA Expert (Tropic Lightning Real Estate)
1SG (Ret) David J. Kucic Hawaii Relocation/VA Expert
Ewa Beach, HI
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Blog for military service members interested in purchasing real estate in Hawaii using their VA Loan entitlement. We are a retired military family specializing in serving all members of the armed forces, reserves, national guard and retirees. Check us out at www.davidkucic.com

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