Today is April 12, 2007.
And, this morning I received the following email from a listing agent:
"You showed my listing at XXXXXX, Plainfield on 8/9/2006.
I have recently reduced the price on this listing from $599,000 to $598,000 and thought you may want to bring your buyers back for another look."
1) This is a reduction? If the buyers thought the property was OVER-priced at $599,000 would a thousand dollar "reduction" change their minds? NO!
Now, a five percent reduction to $570,000 might make the property more appealing.
2) I showed this property LAST SUMMER. That's 8 months ago. Would YOU assume that those buyers were still looking? Not me. Those buyers were "hot" in August and they made their decisions THEN.
When buyers are looking they generally have a definite time frame. They want to make a decision and close within 60 days.
3) I'm amazed that this agent still has the listing! Perhaps she's related to the sellers? And, she doesn't want to tell them what they need to do to get the property sold.
And, if you were the listing agent, what would you do to get the property sold?
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