Yes, I know this was mentioned in a previous blog, but I've spent 20 minutes trying to find it so reference and link to it, but I can't. The point, though, was to tell you about a recent situation we had. We had shown buyers several properties, and thought they were going to make an offer on one of them. It had originally been listed at $999,000, a good price for that particular property, but was recently reduced to $949,900. The buyers liked the home, thought about it, but then decided to return to their home up north and think about the whole idea of relocation and retirement.
We received a call from the listing agent, to convey that the sellers were offering to sell our buyers the home for $899,000 if they would close in 60 days. Wow! We called the buyers and relayed this. They had almost conclusively decided not to move here, but said they'd think about the offer over the weekend. On Monday they called back and said that they would be willing to pay $850,000. That wasn't a happy call for the listing agent, but - professional that she is, she did not make a decision for the sellers. Result: the sellers accepted the buyer's offer and we're now under contract.
In this particular case, the seller's strategy worked, though not at the price they'd hoped for. Had they not made an offer to the buyers, the buyers would not have purchased their home. Perhaps it's an approach that bears more thought. We do need to think outside the box (what box?).
Sharon Simms, Real Estate Agent selling homes in St. Petersburg, Florida, the Gulf Beaches and the Tampa Bay area.
Featured by Laurie because in todays market out-of-the-box ideas are often the difference between sale and no sale. We have many newer Realtors who will appreciate this lesson.
Thank you for sharing Sharon.