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How often do you shop for the worst deals?

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Education & Training with Real E Smarter

Hello Everyone,

Spokane Real Estate Expert I couldn't resist, I know that everyone wants to get the most when selling their home. But where do we stop. We have all seen the little ran down home that is asking way to much money. My question is do the sellers of these homes ever go out shopping and look for the worst deals they can. Because that is what they are hoping home buyers will do.

I mean who goes out looking for the most overpriced groceries, or the used pair of shoes at new prices. Yet when it comes time to sell they do the same thing with their home. Price and value is key. They have to be somewhat close. The higher the price you want to get, the worse deal you are offering and the less likely you will find a buyer that is totally unaware they are paying too much.

Let's Start on the High Side  If they don't catch it and happen to want to overpay for the home, the lender might catch it and the home won't appraise. Bottom line is don't go overboard with trying to get too much for the home. If there is value ther then go ahead but it has to have a limit.

The golden rule is ask yourself if you would buy your home at that price. If the answer is plainly no then why would anyone else want to pay that much for it. Stick with good numbers of what has sold before in your neighborhood because that is what people are willing to pay.

When it comes time to sell call us 509-362-1966 we won't tell you what you want to hear, but overpriced homes don't sell anyway until they price it right so why not price it as high as is likely to get you an offer. We can show you real numbers so you can get every penny possible call us or visit our Spokane Real Estate Website.

"When it comes to financial advice, you don't want people to lie to you because it always costs you in the end"

Team Quintana - "Real Estate the Way It Should Be!"

Spokane Real Estate Expert

Ross Quintana
Your Spokane Real Estate Expert!
Team Quintana Real Estate
Spokane, WA
Work: 800-756-5251 Ext 1
Mobile: 509-362-1966
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Greg Hampton
Re/Max Around The Mountains - Blue Ridge, GA
North Georgia Mountain Property,Blue Rid

The new twist on the "Golden Rule" is a very realistic approach at valuing property.

Jun 04, 2008 07:13 PM
Susie Blackmon
Ocala, FL
Ocala, Horses, Western Wear, Horse Farms, Marketing

Hi Ross, can't tell you the number of emailsI get about my market reports on my main (outside) blog.  People are happy to see the REAL numbers as it helps them understand why their homes aren't selling.  It helps when buying too... bare naked real estate, as it should be.

Jun 04, 2008 07:36 PM
Chip Jefferson
Gibbs Realty and Auction Company - Columbia, SC

I have a saying about it is what it is. I recently didn't get a listing in my own neighborhood because I gave them real numbers. The other agent listed around 14K higher than my advice. But it is what it is!

Jun 04, 2008 10:45 PM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

My son-in-law falls into this group.  He is thinking of buying, is very critcal of the other sellers, but, he himself thinks everything is perfect. 

 

Jun 05, 2008 01:18 AM
Rick Callaham
Team Quintana Real Estate - Spokane, WA
Spokane Realtor

This is a great way to remind people to be reasonable. Thanks for the tip.

Jun 08, 2008 06:43 AM