ARMLS statistics show nearly every ZIP Code's "Days on Market" for Arizona's East Valley home sales now under 100 days!!!
What's wrong with the rest of the country?
What about the 50,000 other listings currently sitting on the market here in Arizona? Oh, I forgot, the Days on Market is only finite for those homes THAT HAVE SOLD!!
Here's the Brazillion dollar question:
Have the other sellers and agents even identified what their lowest target price is?
Rather than run the risk of having a sales price of a listing spiral downwards out of control...
Rather than having to have discussions with your seller or agent about, "What now?" strategies after someone gets foreclosed on in the neighborhood or fire sales drop values for everyone owning there...
Rather than having a property sit vacant while an out of town seller continues to panic...
Rather than having double mortgage payments made, all the while thinking about whether or not they should have just rented it out like their know-it-all friends/family/co-workers recommended prior to them putting it on the market...
Rather than all of this getting blamed on the agent by the seller:
- Couldn't the lowest possible sales objective been identified prior to listing?
- What was the target and was it even realistic? If not, why was it listed? Would you pay the list price for the home?
- Who decided not to offer incentives and concessions to potential buyers to educate them on how the home could be purchased? Goldilocks and the Three Houses
Why not make sure that your home sells first in the market instead of trailing the market down? The price that you are not willing to list for today, could possibly be the amount you dream to get at some point in the future. If it isn't priced to sell in 90 days, it probably won't sell at all for the amount targeted. Local MLS statistics will show this so use them to sell your home.
Good Afternoon, Mar,
Good thought provoking comments. Good use of a hyperlink to your other well written blog. I hope many are finding your words. Smiles.