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95 Comments on If You Want To Get It Sold - Drop the Price!
I saw Charita's re-blog of this post. Congratulations on a well-deserved feature, Leah! Great post!
Todd - Sad but true.
Silvia - Sometimes getting an appraisal up front will help the seller to see reality. I've convinced a seller to drop his price by doing this. Afterall, any buyer depending on a mortgage to purchase the home will be required to have an appraisal done and if the house doesn't appraised, the seller is back at square one.
Pamela - "It's a beauty contest and price war out there! ". Love it!
Kelley - So right you are!
Richard - Agreed!
Phil - Seems to be the story all over. Thanks for stopping by.
Kathleen - You'd think the sellers would have gotten the message someplace along the way over the year.
Bob - That does make a difference in some markets. Thanks for the insight.
Cameron - I fully agree. Price can overcome any objection.
Eric- waiting to hear about your ears of corn.
Nina - Thanks and thanks for stopping by.
Leah,
And even though you spent all that money on what you wanted does not mean the next buyer will want it....
Ann Hayden in Wildwood, MO
Good morning Leah,
Excellent post! Some sellers just feel it is principal and will wait it out to get their price. In today's market most sellers are serious and need to sell to move and relocate or have lost their job or whatever. They do not have the time or luxury to wait and the aggravation just adds stress that leads to anxiety and health issues..the all mighty dollar is never worth punishing out mental and physical health.
In a declining market, a home that was priced well at the beginning of the listing period, can easily become overpriced in 30 to 60 days, so it is important to revisit pricing regularly. When selling a home in Charlotte, if we do not have 3 or 5 showings in the first week and about 3 a week after that, we are very likely overpriced.
It is very hard for a seller to appreciate the wisdom in your words, Leah, but that doesn't make them untruths...
Leah - great blog! And one that sellers should read and take to heart!
Hi Leah - I missed this but found it on a reblog. I have heard every one of these excuses and you are absolutely right--just drop the price!
Glad I found the re-blog
My favorite is when you do get multiple offers and all are much lower..........don't be insulted
Drop the price.
Enjoy the day
Valerie - Without chasing the market the house would have gotten sold faster and probably for a higher price.
Ann - SO true! Different strokes for different folks.
Dorie - That's just another argument for dropping the price.
Daniel - With the market declining we all need to regularly reposition our price at regular intervals.
Chris - If we could only get them to listen and see the light....
Louise - Required reading for every seller? Now that's an idea.
Peggy - Price is the great equalizer.
Don - Low offers or no offers are a dead giveaway. But, some sellers still don't get it.
Hi Leah, great list and all sellers need to read before listing. Nothing is worse then to continue to chase the market. Congratulations on a great featured post. Very deserving!
I'm sighing in complete agreement, Leah! I know of SO many houses I've consulted on or staged that seem overpriced -- the agents tell me they are, and I can pretty much figure it out because I spend so much time surfing the net to look at houses anyway (I'm a real estate addict :>) Yet many agents I know tell me they can't convince sellers to lower the price -- UNTIL the seller goes through a trial by fire of waiting months for non-existent offers! GREAT post.
Judith, now wouldn't it be wonderful if they did!
Amy - You'd think that the sellers would recognize the signs. No showings would be a dead giveaway. Too many of them are in denial.
Hello Lora, I'm here via Ed's re-blog of your post. Some sellers just don't want to hear it...especially that their home isn't quite as unique as they think.
Nick - Yup! Too many sellers are in a dream world of their own. Their home is their palace and they just can't seem to understand why not everyone else sees it that way.
Hi Leah - I'm here via Ed's reblog of your post as well. I'm going to reblog it, too. The wish for that special buyer is an amazingly strong reason, especially if they overpaid for the house to begin with. I sometimes ask them if they are looking for a buyer just like themselves and how many of those buyers do they think are out there?
Cool blog post, Leah. I think I'll send it to one of my sellers.
Thanks Toni. Glad you enjoyed this one. Now if only all sellers would read and take head.