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Who is to BLAME when a Home Sells TO QUICK

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

I am not sure if it is even possible to sell a home "too quick".  Lets set the scene on this Manchester NH area home. The sellers were exploring selling the as a FSBO.  The sellers are a large family of siblings. They also met with the "neighborhood" agent to see what they could offer in selling the home.

 

Lets use some numbers to show you what they wanted. The seller wanted to net $380,000. The "neighborhood" agent said it was worth $300,000. A local builder offered $260,000. With so much differing information, one of the siblings suggested they meet with me. I had sold him 2 homes and sold 2 of his homes in the past.

 

Coming in, I was not aware of any prices. Was not aware what the wanted. Was not aware of what any other agent said the home was worth. I viewed the home. I asked questions. I also did my homework. I drove by the home a couple of days before my appointment. I researched what has sold. I researched what is for sale. I showed up with all my comps. As we sat I was able to adjust my value to the repairs needed.

 

I gave them a value AS IS of $400,000. I let them know we should ask up to $430,000 to build in seller concessions and or repairs in case a buyer asked. They then tol dme of the other values. My price fell in what they wanted to net. But could I sell it? I let them know not only could I sell it, but I could sell it quickly as they wanted. I anticipated offers within 2 weeks and having it under contract within 3 but no more than 4 weeks. It was a bold statement they said. I was sure as I know my values, I know the area and know my marketing works to reach potential buyers.

 

Fast forward within 2 weeks I had 3 offers come in. I sent the offers to the sellers and called to go over them. We chose the best offer and the best terms. In the end the home sold for EXACTLY what I said it would. All the family members were happy except one. 

 

I sold the home too quick.

 

I did not call him first with the offer. I emailed it to all siblings at the same time. He should have been first.

 

His "neighborhood agent" did not sell it. "He had a buyer too." WELL....It was in MLS and many buyer agents brought their clients. That agent never showed it. You can not sell it if you do not show it.

 

The moral of the story is that you can not make everyone happy, but you can make most people happy. It would not have mattered if i got 10 million dollars for it. The rest of the family is beyond happy and full of thanks for the effort and quick sale.

 

 

You simply need to know that a Buyer or Seller should not choose just any agent, choose the BEST agent for the job. Having an agent that works for you is a must. 

 

My philosophy is simple, provide more personal and professional service to guide my clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. Those that hire me, find a dedication like no other.

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

 

 

We stand by you through every step in selling your home
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Comments(11)

Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Scott Godzyk congratulations on another accepted offer.... and don't even try to make 100% of a group of people happy.... it's not worth the effort.... when we have a group to work with, we want ONE person to communicate with and make decisions for the group.... 

Jan 26, 2019 06:37 AM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Scott. You can never sell a house too quickly. Congratulations on this one.Well done.

Jan 26, 2019 06:47 AM
Brian Ploszay
Altura Realty - Chicago, IL
Investment real estate specialist in Chicago area

The headline got my attention.  For the broker, selling a home quickly is a plus.  Beyond that, there could be a question if the home was under-priced, thereby losing the client money.  Not in your case.  Good job.

Jan 26, 2019 06:49 AM
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

It's a sign that you did a great job marketing the home.  Congratulations.

Jan 26, 2019 06:54 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

A local expert, such as yourself, is a valuable asset to any buyer or seller.  Great job, Scott.

Jan 26, 2019 07:19 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Scott Godzyk ,

Wow that was a huge list price difference from the agents interviewed. It's hard to imagine a "Neighborhood" expert being off that much..BUT it happens and they went with the right listing agent that proved his results were heads above the rest. Congratulations! You are never going to make 100% of the people happy..its all about the results!

Jan 26, 2019 07:38 AM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

Well, you saved the day again. I know, first hand, there are some sellers who are always paranoid about leaving money on the table. He should be thrilled. Nice job. 

Jan 26, 2019 07:52 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Good morning,  Scott - your methodology works. And that matters most to sellers who want to SELL.

Jan 26, 2019 08:20 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Dealing with a sibling tribe can have its own challenges...been there. sold that.

Jan 26, 2019 01:16 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I don't know if it is possible to sell a home too quickly either, Scott.  If the home sold at or above list price, if it received multiple offers in those intial days, that's a good indication, that the market was doing what it does best!

Jan 26, 2019 02:46 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Congratulations Scott, it is important to be personable, available and knowledgeable all that put together usually creates a winning recipe for success, Endre

Jan 26, 2019 11:49 PM