As a real estate agent, I find myself lecturing my listing clients about keeping their homes updated. I've had a single guy selling his place in Chicago. He hadn't put in one single upgrade in about 8 years. As a result, it was very difficult to sell. People would look at his place and then walk 1 minute up the street and find a newer condo for a cheaper price. Needless to say, the client didn't want to lower his price. So I became the "Inventory" expert.
Jimmy, that is too funny. But some people just never update so I shouldn't be surprised.
Gary, I realized that updating asap is the best thing. Being a realtor really opens your eyes.
LaNita, aren't there a lot of new built homes in Naperville? That's pretty hard to competite against. I've been reading about builders going bankrupt.
John, I guess it could always be worse. Did you tell them to lower their price? How do you deal with people not wanting to lower the price and have zero updates?
Greg... Here's a suggestion. Take the seller on a ride to visit some of his/her competition so that they can see for themselves what other homes look like and are selling for. I usually don't mind taking a listing that's a bit outdated if the sellers are willing to have the selling price reflect it. The biggest obstacle, however, is the seller(s). Good luck.
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