There are certain character traits shown in collectors. They are passionate about the item they collect, they love to display their collections, they love to brag about their unique finds in the collection, and they love to hang onto them....FOREVER. What are you when it comes to listings: a collector or a business owner?
Let's state the obvious here. As Realtors we obtain our commission when the property sells and we are then rewarded for our efforts. If we don't succeed then we have invested time and money with no return. How many businesses do you know surviving today on that model?
If you are taking overpriced listings just to get a sign in the yard then you have crossed over to collector. The CMA ( market analysis) is there to help you as well as the seller. It is a guide to be used to find the range that a home is most likely to get an offer from an interested buyer in today's market. It's also a guide to let you know when it's time to walk away from purchasing another home for your collection. Yes, you are purchasing a home for your collection when you invest your $ without any hope of return.
Take a look at your listings today and see if you are really working a business or if you are hoarding a collection of homes.
For more information on home sales in the Colorado Springs area contact Lorraine Sayer