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I Knew I Could Get Asking Price
I Knew I Could Get Asking Price But at What Real Cost
On a recent listing appointment, I knew going in that the comps that I had prepared for the seller were not going to be viewed favorably.  I won't go into great detail, but without question, this was going to be a listing that was going to primarily attract investors and the highest sold comp for the area was for $64,500 and the remaining 15- 20 sold properties sold for significantly less than that.
That One Listing Did Get Asking Price
Although the house that reaped the list price sold, it took all of 366 days to do so.  When I pulled the comps, the first thought that came to my mind was the seller saying to themselves or their agent "I knew it could sell for asking price."
And while that's true, I can also imagine the agony and frustration of a home being on the market that long.  I also imagined:
The number of perceived "low-ball" offers.   That the listing agent went in with the reality of the market that didn't match the seller's preferred list price. That all of the seller's future plans were on hold as they patiently or ... more

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