A tale of two signs!

Reblogger Wallace S. Gibson, CPM
Property Manager with Gibson Management Group, Ltd.

 

I agree * I'm am not the correct fit for many rental property owners who want to micor-manage their property long-distance or dictate the rental rate...there is a REASON that their property has not sold if it was PRICED correctly for the market!

 

Original content by Michelle Francis

 

A tale of two signs! 

 

While reading a number of good posts recently about not taking a listing where the owners want to price a property too high, it got me thinking about why this is so important and how one wants to be perceived in the real estate business.  For Tim Francis Realty, it’s very important for us to be able to stand behind the work we do.  We’re rather have less listings than ones we know we have NO CHANCE of selling or leasing. 

 Tim Francis Realty - SOLD - Buckhead Realtor doing the right thing for their clients - Photo by Michelle Francis Buckhead Realtor

My first opportunity to list a home in real estate came through a neighbor, who wanted to put their home on the market 35-40% above market value almost 10 years ago.  We had a great conversation and discussion about recent market comparables in our neighborhood, where we thought it should be listed and where it would sell at.  In the end, my best suggestion was that we agree to disagree and continue having a nice neighbor relationship. 


The neighbor selected another agent in the neighborhood listing it at the very high price I would not do.  It was listed for six months with few showings and no offers.  They took it off the market.  Since that time, Tim Francis Realty became the major neighborhood real estate company.   We have SOLD the last two homes in the neighborhood in the last three years that have sold.  
We have LEASED five of the last six homes that have leased. 

 

Tim Francis Realty - LEASED - Buckhead Realtor doing the right thing for their clients - Photo by Michelle Francis Buckhead Realtor

Today, there are a number of homes listed for sale and lease.  While I would love to be the only neighborhood Realtor go to person, I’m not the right fit for all owners.  However, what I do love is that we are frequently told by neighbors that they love that we get things done. 


Take for instance a recent Buckhead Home Tim Francis Realty listed for lease that we leased at full price within 17 days.  There’s another home that was listed a few weeks earlier and now is still available for lease three months later.   

 

In the sale arena, there are a few listings as well.  One is listed incredibly high for its condition and upgrades.  It’s had fewer showings than another home priced well that has been listed for weeks verses the six months of the other home.   Pricing is absolutely critical to reaching a successful meeting of the minds.   I expect the newer listing to be under contract shortly and the older listing to sit for years at the rate its going.

 

Last night I stopped to chat with a neighbor, who mentioned that my first possible listing neighbor had said to her just a few days ago, The only agent I would use in this neighborhood is Michelle Francis”. 

 

Wouldn’t you rather be the trusted real estate resource or are you looking to just have the most signs?  What business are you in?

 

 

 

 

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Information and content on this blog is original to Michelle Francis  

Michelle Francis

Tim Francis Realty, Serving Buckhead, Atlanta & Sandy Springs GA

(404) 219-9760

Michelle@TimFrancisRealty.com

 

Want to know more about Residential Buying, Selling, Executive Home Leasing & Property Management in Buckhead, Atlanta and Sandy Springs, GA?

If so, you can find me here:

Buckhead, Atlanta, & Sandy Springs Real Estate on Linked-IN

 

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Rainer
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Ron Brown NMLS #270845
NMLS ID: 40831 - Federal Way, WA

Another good re-blog.  Simple question for any seller: Do you want to List your property For Sale, or do you want to Sell your property?  One is an advertising cost to a realtor, the other is a win-win agreement for all parties.

Jul 07, 2011 06:29 AM #1
Rainmaker
1,244,661
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Ron * I agree and that phrasing REALLY should get sellers THINKING!

Jul 07, 2011 07:05 AM #2
Rainmaker
420,848
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Wallace, 

Thanks for the reblog.  Folks are truly flabergasted when I TURN down business.  However, when it's not really opportunity, but an albatross, I smile and say NEXT:-)

All the best, Michelle

Jul 07, 2011 12:46 PM #3
Rainer
205,520
Mark Delgado
houses for rent, Solano County & Glen Cove - Benicia, CA
Benicia and Vallejo, Property Management, rental h
Nicely worded Ron. The blog and the comments are all words of wisdom. What is interesting is that the over-priced sale and rental homes, because they are on the market so long, give future sellers or "rentees" a false pricing benchmark to base their decisions on.
Oct 01, 2011 02:23 AM #4
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