When buyer's agents call me to discuss submitting lowball offers for homes in East Sacramento, for example, they often point out facts to me as though I don't have eyeballs in my own head. They will make obvious pronouncements such as, "This home has been on the market for 30 days." I carry just about every stat for every listing in my head. It's not news to this Realtor. Nor is it news that occasionally a home will take longer to sell than another home. What it doesn't mean, though, is that the home is necessarily overpriced.
Time and time again I work on selling homes that might need work, and you know who often buys those homes? The professionals. Real estate agents. Because they have the experience to see the value. You can read more in my personal blog today about Should an East Sacramento Home Buyer Lowball if a Home Needs Work?
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