Lets set the scenario. A home owner lists their home the middle of January. The listing agent then sets a date 2 weeks in the future (Feb 1. at 7pm) to answer all offers. Set in stone no offers to be answered until then. Does setting a date for answering offers in the future help of hurt the home seller?
Before you answer, lets continue the story. Lets say my buyer who has already sold and closed on their home, loves this home. Yes it is over priced a little. Yes it needs some work. But, it is also close to their kids home. My buyer makes a full price offer, waives the inspection and would be paying cash. They would close when the seller wants.
The seller needs to sell and told us they would love a quick sale. There was only 1 other showing that week and the buyer said the home needed too much work for them. The listing agent though, stays firm no offers to be looked at for 2 weeks.
My buyers need to buy. They do not want to wait. We went back to see the home again the day after to see if it was worth it. As we pondered our thoughts in the street, a neighbor who I sold a home too a while back was walking pulling his daughter in a sled. He stopped to say hello. My buyers a little flustered, told my old buyer what is transpiring. Well my old buyer knows "Mr. Smith" is thinking of selling come spring. He lives 2 doors down, lets go see him.
Mr. Smith invited us in with open arms. An older gentleman who had cooked up enough soup for an army, but he lives alone. He is ready to sell but did not want to move in winter. At the time with 1 more month, namely February left, winter is coming to an end soon enough. He did not think of that. He did know exactly what his house was worth and what he would sell it for. He gave us a tour and we settled down for some home made soup.
The sellers son arrived and we talked about price and terms. Just like the old days with a gentlemans hand shake the buyer agreed to buy and the seller agreed to sell. I types up the contract and it was signed by all. Closing would be at the start of sring just like the seller wanted.
In the end, the hother home is still for sale. They lost a sure sale because of a stubborn idea to hold offers for a week to get more offers. Sellers really need to interview agents before just chosing anyone. Short cuts, schemes and crazy dreams do not help sell homes. Hard work, staright talk and having good buyers sell homes.
It is important that every Buyer or Seller should not just choose 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.