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Home Feedback. What it means...

My clients absolutely LOVE feedback. They love to ask all of the time about what the potential buyers thought about the home. Feedback is really very simple. Here's a translation...

"The home is too small." -translates to- "I saw bigger homes for the same price or lower."

"I didn't like the layout." -translates to- "We saw better layouts for the same price or lower."

"We didn't like the decorating/condition." -translates to- "We saw better decorations/condition for the same price or lower."

"The yard isn't big enough." -translates to- "I've seen bigger yards for the same price or lower."

Are you starting to see a pattern here? Obviously if several people don't buy the home for WHATEVER FEEDBACK they give, the ultimate way to respond is to LOWER THE PRICE.

Until next time...

Bryce Fuler is a professional Realtor with RE/MAX North in Northbrook, IL. He can be reached via email at Bryce@TheFullerForce.com or on the web at www.TheFullerForce.com. His real estate concentration is in Northbrook, Illinois, Glenview, Illinois, and Deerfield, Illinois. All of these communities are on the West Side of the North Shore of Chicago. He has over 5 years of experience selling single family homes, condos, townhomes, townhouses, condominiums, and investment real estate in this and the surrounding areas. If you, or someone you know is looking for a professional realtor to buy or sell residential real estate, please contact Bryce today. He works on a team with his wife Lori Fuller, and his Mother, Connie Fuller. They are affectionately known as "The Fuller Force" at RE/MAX North. Visit "The Fuller Force" on the web today at www.TheFullerForce.com.

Posted by Bryce Fuller on 01/05/2008 01:13 PM

Comments (8)

feedback, selling, buying, real estate, realty, pricing, negotiation, home, house, townhouse, townhome, northbrook, glenview, deerfield

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8 Comments on Home Feedback. What it means...

Bryce, it's the most gentle way to let the seller down by a buyer. LOL

01/05/2008 01:16 PM

by * Rate A Home (Rate A Home)

Feedback is always important for seller, but as you say the bottom line is selling a home is PRICE!

01/05/2008 01:27 PM

by Michael Eisenberg, Bellingham Realtor (Fairhaven Realty)

Good comments. You are absolutely right. Priced right and houses sell quickly. And you can price you never been updated house the same as the Southern Living Centerfold house next door and expect to sell.

01/05/2008 01:33 PM

by Mary Bowen, The Woodlands Texas Real Estate & Relocation Specialist (Coldwell Banker United, Realtor)

Sometimes I think they say the layout wasn't right just to not say the truth - looks like a dump, why would I consoder this place?, you want how much? Are you crazy?"....but really it probably is about the price.

01/05/2008 01:49 PM

by Gary Waters - Real Estate Agent Viera Suntree (Century 21 Baytree Realty www.moving2brevard.com)

For the most part it usually comes down to the price!

Patricia Aulson/Hampton NH Real Estate

01/05/2008 02:13 PM

by Patricia Aulson (PRUDENTIAL RUSH REALTY)

Feedback is a great way to get the right message to your seller.

01/05/2008 02:37 PM

by Graham Holmes - Yucaipa Hemet REO Homes (Reviron Realty - Realtor e-Pro Bank Owned Specialists)

I disagree.

Obviously the price is important and can sometimes make buyers ignore certain issues but feedback of "it's too small" often could mean, "we're going to spend more money because we've decided a bigger place is better for us", feedback of "I don't like the layout" might mean "we like an open floor plan, your house has too many walls", etc.etc.

We had feedback that the buyers want a first floor laundry. That doesn't mean they'll accept a basement laundry if we lower the price 10%.

01/05/2008 02:44 PM

by S.H.

Bryce, you need the right price and the right buyer. One size just doesn't fit all.

01/06/2008 04:59 AM

by Peggy K - Illinois Virtual Tour Provider and Real Estate Photographer (Grand Property Virtual Tours)