It is not uncommon when we are on a listing appointment we meet with irrelevant objections from the seller that have no bearing on price. More often than not, these are objections that we cannot overcome. With little or no equity in a home, the listing agent often finds themselves between a rock and a hard place of placating the seller, and telling the truth. A real estate professionals know all too well that home prices are not something we can just pull out of the air, they are more objective than that. Sellers do not want to hear they cannot get what they want. It becomes frustrating for all, and perhaps they will call in another agent that will just tell the sellers what they want to hear. It does not mean that they will sell the home; it just means they have hired a "Yes person!" It isn't easy for a real estate professional to tell the owners the truth, but somebody has to.
So Mr. MS, or Mrs...I'm sorry but the suggested list price for your home cannot factor in:
- What your indebtedness is on your property has no bearing on your asking price.
- Because you already borrowed the equity out of your home, does not mean we can spend it again.
- You lost your job and need some money to hold you over.
- You price cannot factor in medical bills and life factored expenses - ( buyouts, child support etc...)
- What you need to net on the property isn't relevant to your list price.
- The cost of living where you are moving to does not mean you can ask for more here.
- What you paid for your property 4 years ago has no bearing in this market.
- What your neighbor's home sold for last year, does not mean that is what you can get today.
- Neighborhood hearsay - what you heard someone really sold their home for.
- The price of the swimming pool cannot be added on top of the list price.
- Maintinence items are not upgrades - What would your home be worth if you did not fix the leaking roof?
;)
;)
Jim,
...back to basics, again and again. It makes you wonder what the worth of common sense is!
Steve