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Showing posts from October, 2019

Selecting an agent

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When a whole lobster was presented at the table of a restaurant, the customer noticed there was only one claw on it.He asked what happened to the lobster and the waiter said, maybe he lost a fight with another lobster.The customer replied to the explanation by saying "then, bring me the winner."There are approximately 1.3 million REALTORS® in the U.S.The July 2019 Existing Home Sales annualized about 5.4 million units with a listing side and a selling side that totals 10.8 million transactions.That means that the average number of units sold per agent is 8.In any given market, 20% of the agents are selling 80% of the homes.260,000 agents are selling 8,480,000 or an average of 32 transactions sides.Some markets are dominated by 10% of these successful agents selling 90% of the market.If that were the case, 130,000 agents are selling 9,720,000 or an average of 75 transactions sides.The question you should ask yourself is who do you want representing you in the purchase or sale…

Price It Right the First Time

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The Internet has empowered all buyers with information and home buyers are no exception.The amount of information available to public includes details on size, condition, sales history, current inventory, recent sales, photographs, videos, school info, drive-times, entertainment and much more.When a seller realizes that buyers are educated with facts, it becomes unlikely that they will pay more than a home is worth.If a home is priced too high in the beginning, it may stay on the market longer than normal which could adversely affect the ultimate sales price.It is a natural reaction from people, personally or professionally, to assume that something must be wrong with a home that doesn't sell in a reasonable time for that market.The seller is entitled to maximize the equity in their home and pricing it properly in the beginning is the best way to achieve that.Overpricing can reduce buyers activity because they assume that the best homes are purchased soon after they are offered fo…