Monday, November 21, 2011

A Real Story About Real Estate

Ask any person selling their home in this market, and you’ll hear that it can be a grueling process, kind of like a boxing match (I like that analogy because in a buyer’s market, sellers— and their Agents—generally feel a bit beat up by the time they get their home sold.)



To continuethe boxing theme, I’ve divided the process into Rounds:

Round 1:
• Get the home prepped and staged for market
• Go to the store and buy a bottle of Tums
• Evacuate the home for all those showings
• Realize you’re halfway through the bottle of Tums and you’ve only been on market a week
• Absorb the showing feedback—the good, the bad, the stupid
• Buy another bottle of Tums
• More showings, more showings, more showings and now some 2nd showings
• Experience the joy of getting an offer
• Go immediately into shock when you see the offer price
• Successfully negotiate terms and you are off to Round 2

Round 2:
• Get the home prepped for the Buyer’s Home Inspection
• Evacuate the home for 4 hours (just when you thought you were done doing this)
• Re-negotiate the sale based on the inspection items—items you lived with just fine!
• Buy another bottle of Tums

Round 3:
• The Appraisal
• Pop open the bottle of champagne when you hear your home appraised successfully
• Realize your Agent could really use the rest of your Tums—how do they do this every day??

Round 4:
• The closing—mountains of paperwork is signed
• You feel really rich for just about 1 minute
• Then you turn around and close on your new home and no longer feel rich

For some sellers, the process isn’t this painful! We’ve had several homes sell within a couple days or weeks of being on market. By working in partnership with our clients and carefully pricing a home at market value, buyers will have a sense of urgency to act on the home. They are educated on the market and realize, this home won’t last at this price! And the good news for Sellers? Their home sells at or close to list price!

Call us to discuss how we can work with you to sell your home without being beat up in the process.

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