I recently read and article on what sellers are doing to get their homes sold. I know here in Central Florida we have in excess of a 34 month supply of resale homes, these numbers do not take into consideration new construction. So what have these frustrated home sellers resorted to doing? Home sellers are trying an array of techniques to sell their slow-moving homes.

 Bob and Ricki Husick sold their suburban Pittsburgh home by offering to give back the buyer's purchase price upon their death. The Husicks also offered to throw in the couple's retirement home in Arizona if the buyers would agree to care for the Husicks in their old age.

 

 In Colorado, J.J. Rodgers has launched an essay contest. So far, she has received more than 500 essays - accompanied by a $100 entry fee - explaining why the writer should win her four-bedroom home. Rodgers hopes to get a total of 2,000 entries or $200,000 in fees.

Here in Orlando a builder is raffling off his million dollar home. He is selling tickets for $100 and at the end of the raffle one luckily ticket holder will walk away with a new home.

 

 

Daniel Lasnick, a real-estate attorney in Stamford, Conn., recommends discussing deals involving quirky incentives with a real-estate lawyer. Depending on the incentive, a side agreement may be needed. Some people think the weird incentives are unlikely to have much impact. "People are offering all kinds of goofy things to get their houses sold, but what gets a house sold really is going to be based on price and price alone."

 

For information on buying or selling in Central Florida, Orange County and Seminole County, new construction or Relocation services contact your Lake Mary Real Estate Agent Heather Joubran @ 407-810-6304 or hjoubran@remax.net Seminole County consists of Lake Mary, Sanford, Heathrow, Longwood, Altamonte springs, Winter Springs, Oviedo. Orange County consists of Orlando, Downtown Orlando, Baldwin Park, Windermere, Apopka, Winter Park, Maitland, Disney, UCF, East Orlando, Lake Nona. I can help you with all your housing needs from Luxury Homes to First Time Home Buyers.

I have successfully helped over 100+ families buy or sell real estate. 

 

8 Comments on Sellers Resort to Weird Deals

MAR
25
2008

The lady in Colorado is pretty smart unless she runs short on essays...I would never have thought about it but even for $100 entry - well, thats not bad odds!!!

Great topic and blog!!!

2:37pm • #1
3 Featured Posts

Cute post.  I didn't know about any of these things. 

Have a Fabulous Real Estate Day!

Anona

2:37pm • #2
This almost seems fishy.I wonder what a real estate attorney would say about this plan.
2:37pm • #3
486,798 Points 84 Featured Posts Localism Sponsor Outside Blog Hit Router
Sometimes the challenge is getting your home noticed when there are so many for sale.  I had a suggestion for an agent in a neighborhood where every 3rd home was for sale in a midwest city.  I suggested he park the owners Harley Davidson on the front lawn with a sale sign that states $250,000 and we will throw in the house for free.  I am sure people will notice his home.
2:41pm • #4
If these ideas don't help, don't know what might.  We haven't had any very creative ideas like this in Northern California yet ! 
5:54pm • #5
176,513 Points 2 Featured Posts Outside Blog
Hey I like the essay contest, we get letters telling sellers why they should sell cheap to them all the time. But adding an entry fee is a new twist.
6:05pm • #6
245,133 Points 1 Featured Post Outside Blog
I like the raffle and the essay contest.  I wonder if there is any sort of state regulation regarding these type of gimmicks.
6:58pm • #7
APR
06
2008
160,172 Points 9 Featured Posts Localism Sponsor Outside Blog
Those were some creative ideas for sure! I've heard of the raffle idea, but don't of any that have worked, recently. That would be interesting to find out. Good post.
6:20pm • #8

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Heather Joubran's blog is for those looking to gather information on Central Florida and Real Estate including areas such as Orlando, Lake Mary, Baldwin Park, Lake Nona, Longwood, Seminole County. In her blogs you will find information on how the current and local market is doing for both buyers and sellers, where to find the next deal in new construction or how to get your home sold quickly. Better yet check out her website www.HeatherTheRealtor.com




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