There Are No Participation Trophies in a Brisk Market

By
Real Estate Agent with Red Rock Real Estate UT DRE# 6541633-SA00

There Are No Participation Trophies in a Brisk Market

 

While one buyer is trying to figure out the terms and conditions of an offer that needs to be submitted quickly to meet critical deadlines, another one is charging full ahead with a no contingency contract, getting the attention of a seller.

 

Educating clients on how to react to a brisk market is crucial, where sellers demand and get full price or more through multiple offer bidding wars. Some people are renting motel rooms in anticipation of eventually taking 'home' the prize.

 

Buyers must be ready to perform quickly at the advice of their trusted agent to secure a property. Any hesitation whatsovever can cost them an acceptance.

 

This is what is known as a seller's market and because of high demand, offering over list price is trending right now, especially when competing with other cash offers.

 

Of course, it is most important to have the buying power to pay over and above asking. Also, any difference between appraised price and list price will be buyer's responsibility.

 

As home buyer's navigate through this brisk market, encourage them to act fast, avoiding the trap of getting stuck on trivial details because only one buyer is awarded.

 

And no one receives participation trophies for failed efforts!

 

 

Looking to buy or sell a home in southern Utah? You need a top producer to help guide an informed real estate decision. Call me because Wanda Can help!

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I, Wanda Kubat-Nerdin at Red Rock Real Estate Utah am responsible for my opinions expressed in this blog. Information herein is deemed to be reliable but not guaranteed and may change due to market conditions. Please do not take my pictures or artwork and use them as your own, they are my property and copyrighted.

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Wanda Kubat-Nerdin is a southern Utah REALTOR® assisting buyers and sellers in in the St. George area, Dammeron Valley, Diamond Valley, Veyo, Central, Hurricane, Ivins, La Verkin, Leeds, Santa Clara, and Washington real estate markets.
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Red Rock Real Estate
90 E 100 S, St. George, UT 84770

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Comments (16)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wanda Kubat-Nerdin - Wanda Can! good morning, Wanda... what a great way to put it! And when you think about it, regardless of market conditions, there are no trophies just for participation, especially for agents. We either make it happen for our clients or we don't.

May 08, 2021 07:49 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Wanda - persistence pays off but it must be accompanied by being well-prepared, flexible, realistic and ready-to-respond.  It's not easy - rarely is anything worthwhile.   

May 08, 2021 08:16 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Wanda, so true. I have agents get mad at me when their clients are not awarded the property. The seller makes a decision on what is best for them.

May 08, 2021 08:32 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

But Wanda, I really want a participation trophy! LOL. You are so right.

May 08, 2021 01:13 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Wanda,

Each and everyone of your points is well taken and analyzed. I think you deserve a trophy for writing this so clearly and succinctly.  A

May 08, 2021 01:41 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Wanda- love your title!!!  And you are so right, Participation Trophies will not be handed out at the end of the transaction. 

May 08, 2021 01:45 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wanda loved your Title, just like there is no commissions paid on the number of offers you write, only the ones that are accepted and close, Endre

May 08, 2021 11:26 PM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Markets like this take no prisoners and the buyers that realize it will be the ones that succeed in getting their offers accepted.

May 09, 2021 06:33 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Achieving the clients goals is most important every time Nina Hollander, Broker, failing is not an option. 

May 10, 2021 06:33 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

We will be challenged, that is true Michael Jacobs!

May 10, 2021 06:33 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

This market can bring out raw emtions Jeffrey DiMuria 321.223.6253 Waves Realty, especially when missing out on a much desired property.

May 10, 2021 06:34 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

I'm all out of those Rocky Dickerson, maybe next time!

May 10, 2021 06:42 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

My reward is knowing that you enjoyed the post Ron and Alexandra Seigel.

May 10, 2021 06:43 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Thank you so much Kathy Streib, glad you enjoyed the post!

May 10, 2021 06:45 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Yuo are exactly right Endre Barath, Jr., performing matters!

May 10, 2021 06:46 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

It is a tough market Brian England!

May 10, 2021 06:46 AM