Want to receive the highest and best offer for your home; the easiest way to make this happen is to have more than one buyer interested in your property. And all of a sudden instead of looking like a motivated seller and you may be a position to deal with motivated buyers.
With so many properties on the market, in the Fort Lauderdale Real Estate market, where I concentrate, how can you make sure that more buyers are brought to your home than any other house for sale in your area. The method is proven and works, but before I share it with you I want to discuss a couple of other issues that are proven facts in every real estate market.
The highest level of activity when a home goes on the market is usually in the first three weeks. It is important to make sure the property looks great and Realtors are excited about showing the property. This part is particularly important we want Realtors with qualified buyers excited about showing the property. With so many homes on the market, how would the Realtor look to their client if they showed them a home which wasn't as good as it could be.
Every market has a current % of asking price that an average home sells for. Naturally this changes as market condition change. In the Fort Lauderdale Real Estate market that I work in homes sell for about 8% off of asking price. Keep in mind there may be price changes on the way to that sale but when the offer, becomes a contract it does so at about 8% off the last asking price.
Pricing your home correctly the first time will bring you more potential buyers and the highest price. A tired old listing that came on the market at too high a price originally, did not look its best on day one, will basically have Realtors and buyers voting, no! It becomes hard to change that. The feeling that "oh that house has been on the market for ever" becomes stronger and stronger and often these homes end up selling for less.
I did promise you a method of getting more buyers in your home from day one and it really is simple. In this down real estate market pay the realtor with the buyer a higher fee for bringing that buyer to your home. List your home at 7% and offer the buyer's agent a 4% commission for helping you to attract the buyer in a market where sellers certainly out number buyers. I certainly did not create this idea, but I can sincerely recognize a market where a buyer is more valuable than a seller.
Pay more commission you ask? Yes, simply think of it this way a 1% bonus that gets a great deal of attention on a $250,000 home will cost the seller $2,500. If the home does not sell quickly and starts to look like a tried old listing a price change of 10% will cost the seller $25,000. Sleep on the concept and tomorrow call your Realtor and say I have an idea I want you to try!
About the Author
Eric Miller is a broker associate /owner with Keller Williams Realty in Fort Lauderdale. Eric Miller and Associates is an award winning team of realtors and be found on line at Fort Lauderdale Real Estate. Thinking about purchasing a home in the Fort Lauderdale area, Eric Miller provides complete access to all the listed Fort Lauderdale Homes for sale. Thinking about a Fort Lauderdale Condominium, you can find also find all listed Fort Lauderale Condominiums at their web site FortLauderdalegroup.com, Eric has worked East Fort Lauderdale for over ten years and was a top agent at Prudential prior to joining Keller Williams.