Call in the experts...

By
Real Estate Agent with Innovative Realty Solutions Group BK3248318

Recently received a call from my SOI for a consult on selling their home..

"Of course Id be happy to come over and talk with you...How is tomorrow at 11 or at 2?"

Scrambled to pull comps, researched their subdivision, and knew my DOM and sold stats......off  I go.

Pull up to a home with less than desirable curb appeal, in a moderately priced neighborhood, and walked into a fully renovated kitchen with high end everything.  In talking with the sellers to be, I mentioned that many upgrades aren't always value added, and they may not see a return on the $ that they may have expected.  While we were doing the home walk thru I learned they had over the years renovated/upgraded everything,,, adding extra insulation, double pane windows and doors, new roof, , security system, surround system,powder room, Sheet rocked the garage,solar heated pool, hot tub, koi pond w/ pergola , tiled floor throughout and more....but it backs up to a major highway...

They of course want to get as much as they can,  we discussed the hurdle of what amount the banks will loan money for  as they will definitely be more than most all homes sold and are in a price range where it will be a financed transaction. 

We can adjust for some of the upgrades, but what would it appraise for???

If you are like me, you want to get the most for your sellers in the fastest amount of time. Do you just take a stab at the price and cross your fingers you are right OR do you call in the experts?

We talked openly about the challenges ahead , offering different scenarios.

I suggested they  have their home appraised.. They thanked me for my honesty and said they had a lot to consider.

Did they sign the listing agreement?   Not yet.....but the appraiser is scheduled for next Monday!

What would you have done?

 

Posted by

Lesley Wilson VanGoethem
Associate Broker ®

Professional Property Stager Real Estate Agent Consultant

 

Innovative Realty Solutions Group ,Inc

SellingCentralFLhomes@gmail.com
407.620.2434 ( Direct)

Buying or Selling in the Orlando Fl area?  Im here to help.
Call, text, email .. lets chat!

Comments (1)

Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

I'm not an agent, but your advice would have impressed me if I were the seller. I'm sure there are plenty of agents out there that would have agreed to list at whatever ridiculous price they wanted just to get the listing, knowing price reductions would be inevitable.

Knowing when to call in the experts is a sign of a true professional!

May 30, 2016 11:16 PM

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