It always amazes me that when a home is priced aggressively right out of the gate and looks even half decent -- not Martha Stweart but nice -- that multiple offers start ot come in almost immediately.
My clients who own the townhouse in this post in gorgeous and historic Laurel, MD had lived in it for 28 years. It wasn't paid off because they had refinanced to get some cash out at one point but they had plenty of equity and it was in no way, shape or form anywhere near short sale or foreclosure status. It was a plain vanilla, regular-regular sale.
They had moved out and they want to sell the house. Sure. They would like to get as much as they could but their main motivation was to sell the house.
So, they had made some home improvements and priced the home aggressively. Lo and behold! Multiple offers started coming in by Day 2. Some were the "This is a Buyer's Market and I'm going to low ball the Seller." type offers but one came in that it showed the Buyer obviously wanted to buy a house and this was the one.
This is the second home in the past six months (for which I have been the listing agent) that has received multiple offers within the first week the home was on the market
- in the worst real estate market known to mankind and
- mortgages going only to those who can afford to re-pay them.
This only reinforces, confirms, corroborates and verifies the guiding truth in all real estate sales -- if you want to sell your house you have to price it correctly for the market and it has to be in good condition.
"Let's try higher, just to see." "We can always come down." "I'm not giving my house away."
Those are all great --- only if you don't care if your house sells or not.
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