Special offer

How much is CONVENIENCE worth in Real Estate?

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

How much are you willing to pay for convenience? You want it now. You want it easy. You want it all... BUT, in Real Estate, how much convenience cost you?

 

In life the old saying is "If it sounds too good to be true, it usually is." That comes in Real Estate too. You may have heard these advertising jingles. Can sell your house in 30 days guaranteed. If we can not sell it we will buy it. Get a guaranteed higher offer than the asking price when you list with us. We can list your home at a discount.

 

Before I tell you a story about a hard lesson one seller learned. Lets take a look at these advertising wonders. "Or should I say blunders"

 

Can sell your house in 30 days guaranteed. And if they do not sell it, what is teh guarantee. Well they will list for another month of course and try again.

 

If we can not sell your home, we will buy it. Sure, 25 to 50% off what it is worth. Why would they even try to sell it?

 

Get a guaranteed higher offer than the asking price when you list with us. Sure, we will list your home below what it is worth, offers come in for where it should be and we were right, they are higher than asking price. Wait, they under priced your home and celebrate when offers come in higher. Nothing but a waste of time playing games. List where it should be on day 1.

 

We can list your home at a discount. Remember the old saying, you get what you pay for. Sure you are only paying 1% to list. It is not about what you pay, it is about what you get for what you pay. Meaning if a full service agent gets you the best obtainable price in the quickest amount of time, they are well worth hiring. Making more is better than saving more. 

 

CHECK OUT THIS SELLER: Lets set the scene. A home owner wants to sell their house. They see an add for "a big company" who will buy their home. Charge them no fees and close when the seller wants. Easy, convenient and fast. Sound good? Yes but then here comes the "BUT." At what cost to the home owner does this convenience come?

 

Lets take a look at a proposed sale. The sellers home is worth $300,000 if listed and sold traditionally with a local full service agency. The seller will gross about $285,000 for the sale.

 

Lets say a couple of these "we buy your home for cash companies" make you cash offers. Lets say the best offer is 75% of what your home is worth. The seller will receive about $225,000 at closing. 

 

The bottom line is listing with us would have got them $285,000. The seller trying to save money only got $225,000. They saved $15,000 on a commission but lost $60,000 on profit by selling to a "we pay cash for your home company.

 

 

The MOST IMPORTANT thing in real estate for me, is to provide great service. To stand out from the crowd by being there through each step of the buying or selling process. My message that I want to share in Real Estate, is that my philosophy is simple, to provide more personal and professional service to guide clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest.

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 35 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

Comments(23)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Scott Godzyk ,

For some sellers they of course have all the answers and want to do it "their" way. There is a reason these companies are in business..there are some sellers using their services and don't quite understand what they really getting for this convenience. Often it's too late once they have signed.

Nov 10, 2020 06:57 AM
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
HomeSmart Stars - Addison, TX
Real Service. Real Results. Real Estate

I had previous clients who were more interested in the timing than the proceeds. They sold to a we-buy-for-cash company, despite me showing them what they could get if they listed it with me.  I was able to help them again with the purchase of their next home.

Nov 10, 2020 07:15 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Scott Godzyk Full transparency is the name of the game for honest, ethical people. Unfortunately, there are far too many people who lack those characteristics in life, and most certainly in real estate.  People are easily fooled when all they focus on is what they save ... not what it costs them to save it.

Nov 10, 2020 07:57 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

FEATURED IN CRAP-TACULAR

 

Mr. Crappy Says

Flush the Deception

Stop Fooling Homeowners!

💩💩

💩

Nov 10, 2020 07:59 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Scott!  Great points you make about the common misconceptions out there. Thank you for posting.

Nov 10, 2020 08:17 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Scott there have been scams going on in this business as long as I can remember. Don't think they'll ever stop....and some folks will continue to look for the quick fix - so called quick and easy fix.

Nov 10, 2020 02:55 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

We've got brokerages here that promise to buy homes if they don't sell yours.  And at the buy price is always a shock to the sellers who wanted the safety net.  It's a long way to fall before that net catches you.  Just sell it.

Nov 10, 2020 03:54 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

You outline the cost of "convenience" in some real estate sales, Scott!  The "We Buy Houses" signs here in Sacramento come and go!

Nov 10, 2020 05:05 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Scott, on having this blog FEATURED in the Old Farts Club group!  

Nov 10, 2020 05:05 PM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Well said Michael Jacobs where it is a cnversation starter. It gets me in their house and in front of them to pitch what i can offer. I usually leave with the listing after they hear how much value i add

Nov 11, 2020 05:33 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

SO many of these fly by night "new" way to market homes cheaper come and go and I am there to pick up the pieces for them and do it right

Nov 11, 2020 05:35 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Thank you Paul S. Henderson, REALTOR®, CRS , agreed. FOr a seller there are steps that are needed no matter if you go fast, average or slow. You miss a step for a convenience in selling and it can be costly. 

Nov 11, 2020 05:36 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Exactly what i see as well Dorie Dillard CRS GRI ABR . I often get the call when they are in trouble and are asked to help fix what ever they got themselves into. It would be easier for sellers to list correctly from the start

Nov 11, 2020 05:38 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417 I had a family who mother passed away, one sister called me and i gave her a quick sale value as is. The other sister could not be bothers, called a we pay cash person and sold the home for half of what i could have got them, also for a cash sale, quick close, as is and no contingencies. The family was beside themselves losing a good $100,000. 

Nov 11, 2020 05:41 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

SO true Kathleen Daniels, Probate & Trust Specialist and i see it far too much

Nov 11, 2020 05:42 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Thank you for the comment Rocky Dickerson 

Nov 11, 2020 05:42 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Agreed Anna Banana Kruchten CRS CRB, Phoenix Broker as there is alsways a new scheme to take advantage of people, in this age of i want it now, there is n end or people falling for it

Nov 11, 2020 05:43 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

That is my thought to Chris Ann Cleland 

Nov 11, 2020 05:44 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

We seem to have them on every telephone pole Myrl Jeffcoat 

Nov 11, 2020 05:44 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

A local realtor who advertises Can sell your house in 10 days guaranteed if not sold we will buy it back from you.

He got dismissed from a local brokerage after complaints filed on him not wanting to buy back from a seller, a lawyer.   He is working for another borkerage now. 

Dec 10, 2020 07:49 AM