Well the House Needs Updates

Good Tuesday morning Ginny Gorman. Bless its little rafters! There is a property for everyone and everyone's budget.

I get that all the time, Ginny. Listing clearly states that all bedrooms are upstairs and then they send feedback that they don't like a home because there is no bedroom or master on the main floor! Why did that agent take them. Or I get a comment that says the home has too much land--well, the mls says it's 3 acres. If your clients don't want 3 acres why take them to that home?

Good morning, Ginny Gorman this reverts back to the thought that "not all real estate agents SHOULD be real estate agents!!".... they DO mucky the water....

Good morning Ginny. It will continue to be, that if a property is not priced correctly it will seldom sell. The buyers in many cases are pretty savvy as well, choosing not to waste their time with overpriced properties.

Ginny, I am always amazed when a buyer's agent states that comment, when it is quite apparent the price was adjusted for the condition! 

Ginny- price, condition and location.  It's a balancing act.  The price point may be right but if you know that condition is critical for them, think twice. 

Ginny, examine their criteria and ability to qualify, then guide them to take charge and be realistic. Absolutely terrific. Enjoy your day!

Ginny, love the subject matter here.  Yes, location and condition will always define the right price at the right time to attract the right buyer.  We do see a few of the buyer's living requirements becoming less of a priority, in this market.  Home ownership is the larger role of today!  

Ginny it is about setting expectations and unfortunately there are Realtors who fail to do that.  When expectations are not set, disappointment is a certainty.

Ginny: Some buyers go out looking with their champagne taste and wine cooler pocketbook! 

Ginny Gorman 

A really great post. Seeing potential is the job of the Realtor and when we do our job right we can help people find what fits their budgets and will be nice for their pocketbooks in the years to come with some improvements. 

This is an interesting read, Ginny. Buyers really need to be realistic about the price and the condition of the home. 

Ginny, There are unrealistic buyers. Even when we list the home based on upgrades needed, they make an offer and deduct the amount needed to upgrade from the list price and make an offer. 

Hi Ginny.  Knowing you the needed updates have been considered in the sales price.

Good morning Ginny,

OMG..you are so right! You would think agents would understand when a home is priced right considering it needs updates and explain that to the buyers! Barbara Todaro is right "this reverts back to the thought that "not all real estate agents SHOULD be real estate agents!!"

That comment coming from a buyer doesn't shock me, but coming from an agent... they should know better. 

I have one of them now.  A case of champagne taste yet a slightly better than beer budget

I have been showing one of these buyers. She says she is wiling to do updates but then when she sees it she says it is too much work. She wants an updated house at a not updated price point.