- Joined
- Sep 18, 2007
- Messages
- 297
Hello REIN Members,
Interesting situation that just happen to me and my Buyer client.
TRUE STORY`An owner tries to sell their house on their own to save on Realtor commission fees. They listed the property below market value to create a bidding war. When they received multiple offers they couldn`t handle the situation because apparently they didn`t want to `over complicate things` and therefore refused to look at all the offers and decided to look at only 2 random offers. They finally accepted one of them which ended up being less than what they listed their house for. In other words, they sold for well below market value.
By trying to save a buck, they actually lost tens of thousands of dollars by not hiring a professional Real Estate Agent to handle it and get the biggest bang for their dollar. WOW! The buyer really scored here! A big and expensive lesson to this Seller! I am not suggesting that people can't sell their own houses...I am trying to let people know that it is not a "walk in the park" as alot of sellers believe it is.
Stick to what you are great at and build your team to help you achieve the rest.
To hear the full story, click here.
Interesting situation that just happen to me and my Buyer client.
TRUE STORY`An owner tries to sell their house on their own to save on Realtor commission fees. They listed the property below market value to create a bidding war. When they received multiple offers they couldn`t handle the situation because apparently they didn`t want to `over complicate things` and therefore refused to look at all the offers and decided to look at only 2 random offers. They finally accepted one of them which ended up being less than what they listed their house for. In other words, they sold for well below market value.
By trying to save a buck, they actually lost tens of thousands of dollars by not hiring a professional Real Estate Agent to handle it and get the biggest bang for their dollar. WOW! The buyer really scored here! A big and expensive lesson to this Seller! I am not suggesting that people can't sell their own houses...I am trying to let people know that it is not a "walk in the park" as alot of sellers believe it is.
Stick to what you are great at and build your team to help you achieve the rest.
To hear the full story, click here.