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What do you mean the Home ALREADY SOLD? My agent just told me about it

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

What do you mean the Home ALREADY SOLD? My agent just told me about it? Shouted a buyer who called near a half dozen times yesterday.  She could just not accept that a Bank Owned Home in the Manchester NH which was priced below market value would sell in less than a week. "Not in this market" she said. 

Most new listings are under contract within 7 days Mrs. Buyer....

Yesterday was one of those days where I had to educate a buyer and their agent regarding what current market conditions are. Over and over she would say "my buyer agent just sent me the listing sheet. I have been waiting for that home, I wanted that home and on and on."

With a sharp decrease in the amount of homes currently listed and a sharp increase in the amount of sales, this is not a "Buyers market" any longer.

HOWEVER with Ultra LOW Interest rates, Buyers are still buying as prices although stabilized, have not esculated yet.

When a Home is therefore listed through a "Leading" Listing Agent as myself, who then prices the property correctly and launches an extensive marketing and advertising program upon the new listing hitting the market, the result is often multiple offers the first couple of days of the listing hitting the market.

Too many Buyers and their agents follow national news media who report ona national level and iften lump a region into many states sch as New England and go as far as New England AND the mid-atlantic states. or even the whole East Coast.

New Hampshire is in it's own little world here in New England. A small state with people with big Hearts. Our unemployment rate is around 5.1%, We have NO Income and NO Sales Tax and that is bringing in relocation buyers from around the country looking for good paying jobs. The result is a strong Real Estate market. Within that market there are agents who are waiting for the improved market to reach them and then those agents who are making things happen, they are working harder and longer to RISE ABOVE the market and like me, having one of the best years in  7 years.

THE MORAL OF THE STORY is Buyers and Sellers have a choice in agents. Too many choose the first agent,the biggest agent, the biggest company or a national franchise thinking bigger is better. Well fols, not always... This buyer chose an agent who was not attentive, good buyer agents scan the new listings many times a day. Great agents would have walked down the driveway, saw my name and number on the door of the vacant home and called me before it was in MLS to show her buyer early.

THE BOTTOMLINE If you are a buyer, your best bet is to HIRE A BUYER AGENT who is "WELL EXPERIENCED" : Here in NH a buyer can usually hire a buyer agent at no cost to them. The Buyer Agent gets paid their commission from an amount the listing agent has possted in the MLS. As a buyer you really should have an agent who guides you through EACH step of the Buying process. Here in NH that choce is ME!!!

Next, make sure you GET PREQUAILIFIED with a local and Trusted Loan Officer. The biggest factior in buying a home is whether you can get a mortgage, how much they will loan you, how much you will need for a down payment and closing costs and what price range you should be looking at.

TIPS OF THE MONTH

HOW DO YOU KNOW HOW TO HIRE A BUYER AGENT?

1. Choose a FULL TIME Agent. You want an agent whose sole job is working in Real Estate. You want to make sure they are available when needed to answer questions or be guiding you through the buying process.

2. Choose a Full Service Agent. Sure discount brokers may charge slightly less but you can get substantially LESS in the service you receive. You want someone guiding you trhough EACH step, not just the easy one's leaving you on your own through teh harder or stressful ones.

3. Choose a LOCAL agent. Too many agents from out of town and even out of state are looking for you to hire them. They may not know your area, your neighborhood, not know your children's schools, where you shop, which church you go to and may not be able to be there on a moments notice when needed.

4. Choose an Experienced Agent. Not every agent is experienced with all types of homes, areas and types of sales. Choose an Agent that is Experienced in SELLING Homes. It is what we do and what we do well.

5. Choose an agent who will ASSIST YOU THROUGH EACH STEP of the Buying process. There is nothing worse than being left to fend for yourself. Your agent should be there through each step, answering your questions, guiding you and giveing you peace of mind.

 

WE STRIVE TO PROVIDE THE BEST POSSIBLE SERVICE THROGHOUT EACH STEP OF THE LISTING AND SELLING PROCESS!!!

If you are thinking of buying a Home please contact us. We offer you assistance to get a free pre-quailification for a mortgage,along with some of the BEST CUSTOMER SERVICE through each step of the Buying Process.

 

 

Please call for a FREE MARKET ANALYSIS to let you know what the value of your home is.

If you need to sell your home and you owe more than your house is worth, i may be able to help. I specialize in working with home owners to get your home sold. There are many options such as a short sale whcih may be able to help you.

Please try and avoid out of state or out of town agents and companies that make "out of this world promises". We are local agents with experience who never charge any up front fees. WE GET RESULTS!!!

We stand by you through every step in selling your home.

 

PLEASE SEE MY "TOP" TIPS FOR BUYING A HOME

PLEASE SEE MY "TOP" TIPS FOR SELLING A HOME

SUPPORT LOCAL BUSINESS!!!

ONE OF NEW HAMPSHIRE'S LEADING AGENTS FOR SHORT SALES AND BANK OWNED HOMES...

If you are Looking for a Real Estate Agent you have come to the right place. Scott Godzyk is a Full Time and Local agent ready to serve all of your Real Estate needs through each step of the buying or selling process. We are proud to be locally owned and operated.

If you owe more than your house is worth, If you are behind in your payments, I may be able to help. Call me to find out how you may be able to sell your home at no additional cost to you.

Scott Godzyk is the Owner/Broker of The Godzyk Real Estate Services located in Manchester NH. With 25 years of Real Estate experience Scott specializes in Listing and Selling Bank Owned Homes, Short Ssles, Residential Properties, Condominiums, New Construction and Investment Properties. Scott services the counties of Hillsborough, Merrimack, Rockingham and Belknap. To contact Scott Godzyk please call 603-661-2121 or email sctprop@aol.com. his website is www.ScottSellsNH.com.

Comments(17)

John & Irma Nelson
San Antonio Real Estate Broker/Agent with Get It Sold Realty - San Antonio, TX
San Antonio Real Estate Agents - San Antonio Homes

you are definitely a 'leading' listing agent my friend.  I hope you have an awesome week!  And you are right the market is shifting and buyers need to move quickly on the nice homes or the 'below' market priced ones. 

Sep 10, 2012 10:41 PM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

JOHN thank you for the comment, Listing is an art and when done well, it results in a quick sale. Buyers cant hesitate or they often lose out on the new listings.

Sep 10, 2012 10:44 PM
Frank Castaldini
Compass - San Francisco, CA
Realtor - Homes for Sale in San Francisco
Thanks for the list. Markets seem to have changed dramatically, haven't they. Buyers are starting to realize this...of course some are still not on the same page. I feel for her since she had her mind set on the house, but between her agent and fast market is just wasn't in the cards.
Sep 10, 2012 10:58 PM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Frank buyers need to find agents that are attentive to thier needs and in this case, an agent who was more active in finding out about the home, getting her buyer in and being ready to make an offer when the bank set the price and it hit the MLS when we could start taking offers.

Sep 10, 2012 11:01 PM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Well the market is turning around in many areas & the 'buyers market' she is talking about is obviously no longer there! Not her agents fault really but just a collaboration of not working fast enough.

Sep 10, 2012 11:15 PM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

LYN her agent checks new listings once a week, I often check once an hour every day and sometimes more when I a looking for something specific, not only should teh buyer agent of worked faster, should have worked more.

Sep 10, 2012 11:22 PM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good morning Scott -

You have provided a great list my friend.  In today's real estate I educate my home buyers if you see a home that you feel it 'the house" we need to move quickly.  The days of it being a buyers market are quickly slipping by not the shoe is on the sellers foot.  Some listen ..... others loose out on "the home."  Great to get the word out there.

John

Sep 10, 2012 11:52 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Scott -- maybe, just maybe, a lightbulb or a kick-in-the-pants moment for this buyer --- hmm, I need an agent who is looking out for me and my next home.   Just maybe...

Sep 10, 2012 11:52 PM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

JOHN it is important to get the word out there, unfortanately these days i couldnt get featured if the feature page was the ground and i fell from the sky.

Sep 10, 2012 11:59 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Scott,

Consider this a testimony that when it comes to being the Best in the Business in Manchester and its surrounding areas in NH, you ARE the best! You're experienced, current on knowledge and you get the job done effectively. Anyone thinking about relocating to a place where there is NO State Income and No State Tax, Scott Godzyk is the Realtor of Choice!

Sep 10, 2012 11:59 PM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Michael you always hope buyers and some sellers for that matter will get the point and choose a better agent.

Sep 11, 2012 12:00 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Patricia thank for the comments and kind words. They sure are inspiring.

Sep 11, 2012 12:08 AM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Scott,  This is a great post.  So many folks hire their cousin's Uncle's best friend just to appease others.  Buying a home is the biggest purchase of someone's life.  It shouldn't be taken lightly and they should hire an experienced expert.  Would they let their cousin's uncle's best friend operate on them?

Sep 11, 2012 02:55 AM
Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

Scott, I'm seeing the same thing in my market. Anything decent, priced at or a little below market value is snapped up quick!

Sep 11, 2012 08:36 AM
Roy Kelley
Retired - Gaithersburg, MD

Thanks for sharing your story.  Many buyers are shocked to find themselves in multiple contract competition.

Today, Dolores and I visited the National Museum of the Marine Corps and toured the special 9/11 exhibit.

Have an outstanding week and be sure to have your camera in hand to capture the special moments.

Sep 11, 2012 10:02 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Yes Scott, Real Estate is local and we are constantly tellling buyers not to listen to the media. Homes and condos are selling and inventory is low. If a buyer sees something they like...make an offer NOW!

Sep 11, 2012 09:45 PM
Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales

Buyers that snooze will lose in a market with declining inventory Scott, and their agents should get their head out of the sand ( or some other place).

Sep 11, 2012 09:55 PM