We Might Want to Try Selling It Ourselves For a Month
This happens a lot this time of the year. Especially with the current market in the Cedar Rapids area where the number of active listings is down 25% from this same time in 2013. It is a seller's market in most price ranges with very little inventory.
It is my own fault on this one. When we were out looking at homes to buy, these future sellers were asking the right questions. How is the market? Do you think that we should list our house first? Or should we buy a house and move first and wait to sell?
And I, well, I told the truth. Because they didn't need to sell in order to buy. And because they were looking for a specific type of replacement property, it was a real concern that listing right now could very well render them homeless.
They live in a great area, in a great school district, in the sweet spot of the pricing market. Their home very possibly would sell quickly and they needed to know where they were going to go and have a plan before putting it on the market.
Open mouth and insert foot. They offered on a replacement property last week and now that inspections are completed, the logical thing to do would be to get their home on the market. Well, they are going to try to sell it on their own first. After all, I told them that there is a seller's market and they should have no trouble selling.
With an agent, that is. Of course they forgot that part. :) It is no secret that selling a home takes more than a sign in the yard. They will find out soon enough that they are not capable of doing it themselves. Or not. They may get lucky. You never know who might see their home and think that they are getting a better deal without an agent being involved.
In my case, I have a front row seat to watch it unfold. The stress of listing their home by owner will weigh on them as the closing of the new house approaches faster than they expect. At least they have said they only want to try for a month....
Keep smiling!
Karen
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