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Apr 18, 2012 6:20AM
Sentiment is not spelled $$entiment. Do your homework first , spend the $$ for an independent appraiser who is not a broker, it will also give you ammunition when negotiating if you can substantiate your $$ position. Yes Sellers need to get out of the house and try to cope with their loss of privacy but don't go far away, too many careless agents don't lock doors, set off alarms, leave water running and worse, sadly the Sellers need to babysit things for their own protection. Before you turn down an offer or fail to make a counteroffer, do the math of what it costs you to carry that house another 6 to 12 months. A GOOD agent is worth what you pay them, but like most professions very few good, a few are very bad and the vast majority are someplace in the middle. Check with your local MLS or RE association to find out who are the top 3 selling agents (Not listing agents) in your area. Sellers are faced with a lot of obstacles and Buyers only care that they "get a deal" ,in a rotten economy the Seller always looses. 
Apr 16, 2012 12:04PM
What a surprise from Real Estate Brokers: paint it white, get everything out, take the offer, pay me my commission for doing nothing. What a scam!
Apr 16, 2012 9:21AM

Realty Broker says...


Being emotionally attached to a home could cost you the sale.


Be realistic when an offer comes in, Is your home in a high demand location or are you located in an area that has few  - no sales.


If your home is in top notch condition and a high demand location then, possible you are well advised to hold out for a better offer.


If however, your  home - property is in an undesireable or difficult to sell location and is in poor condition then, seriously consider what you have before you decline the offer. Generally your first offer is the best offer.

You see all the time people hoping for 250k or 1 mil or something on their house.  What people are actually offering however is 100k. Look, what's more important to you? Moving to a new and better house, or getting all the money you can on the old one? Unless you're strapped for cash, in which case I'd say just work hard in the new place.

Greed gets you nothing. If you're holding out for that perfect price, you might wait and wait until all that's offered is 10k offers.  Your ideal price should be roughly 2.5x what you could be talked into with some extra effort on the part of the buyer.  Ask them to throw something in, and make it a deal.  That said, if it's like a 1/10 of the price you think, either the guy is trying to con you (don't say no flatly, find out what other people would offer), or there's something wrong, like a bad area.   

Apr 13, 2012 11:10PM

Before you sell, check the comps, do the Open Houses and time your sale for the summer months.  Also try for a price in the middle of it all.  If you price your property too high, you are just selling other people's properties.

Apr 13, 2012 1:34PM

Another piece of advice is to BE PATIENT! yes, offers may get lower but if the comparable values are substantially higher you should wait for a better offer. If you don't know what a comparable value is ..get a life ! Just check out 10-15 houses and you can tell where you are in the market. Sometimes JUNK is JUNK no matter what an agent tells you. As a periodic buyer of homes, you can tell if someone is going to move or not. I mean, some folks will list a house tracking the mortgage payment down. Insane! Just take your 10-15 k hit as a selloer and  get it on the buying side.

Apr 13, 2012 8:53AM
Good advice for desperate sellers, bad advice for those who are not distressed and have equity. 
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