My Seller Lost 50K When They Sold Their Home. He Was His Own Worst Enemy!

I think if you think it is the price, then don't take the listing in the first place.
So many realtors take the listing then instead of working they work on their clients by reducing the price.
To let you know, I agree with the sellers, if they want you to show it, you should show up and show it.
The sellers shouldn't have to show it, since they probably work 40 hours a week outside the home.
If you are full-time realtor, you should have 40 hours available/week. This isn't part-time job.

I remember when we sold our last house, the realtor didn't show at all. We the seller had to show the home to the person who purchased it. The buyer didn't have an agent. We didn't have a stager either, we did it ourselves. We paid full commission for...listing it online?

Honestly, if they are paying you, you should do what the seller wants, within reason. Of course advise, but if they want you to do open houses twice a month and showings, that is not that hard. I really think you would be fantastic at showings and can highlight the positive parts and explain how to correct the negatives. You can really sell the home!

I think 2008 is around the corner again because credit card debt is in all time high with people paying high interests. With core Inflation through the roof, and mortgage rates rising. People filling for unemployment has risen for the last 3 months in a row. How do all these people have money to buy homes when they have high credit card debt. Are people doing FOMO at the end of the bull run in buying a house? 🤔

If they are selling the house/condo they are doing it for the money. He wouldn’t reduce the price.

You have to understand that most clients or suspicious of real-estate agents. They get the feeling that they just want to list the house as low as possible to make the quickest sell and get their commission! I've delt with quite a few pushy agents and it didn't go well! Once I went for a second look to purchase a house and they set the appointment with another client at the same time to play with our emotions! I had made an offer but then we both dropped the offer on the house and I dropped the agent! I did find a wonderful agent that works really hard, goes herself to all the open houses that I sell and rent and always makes the deal! Basically if I don't feel the agent is 100% on my team and I can truly trust them I'm finding someone else!

I just have to say that “staging your home to get the highest dollar“ seems counterintuitive, because 5% of the sale price of the highest dollar is going to go to the real estate agent and the higher dollar means more money to the real estate agent and you’re going to have to pay The staging company. I understand that staging a house doesn’t mean that you’re going to be purchasing or even renting the most expensive furniture but it does mean you’re probably going to have a cleaning crew come in you’re going to have a moving company come and take all of your furniture out And store it and then they’re going to bring all of the furniture that they’re going to use to stage the house in and then they’re going to have to come back when that contract is over or the house is sold and remove all of that furniture. All of that has a cost on top of the highest dollar that the real estate agent is going to receive. And in the end you might have received more money for the purchase of that home than you might otherwise have realized, but once you subtract the real estate agents fee and the cost of staging the house, including having your personal furniture stored somewhere off the present premises, it doesn’t seem to me that the average home is really going to bring you that much more money. This seems like a great deal for people who have huge expensive homes and maybe the money doesn’t matter all that much but for the average working person I think they’d be better off taking a few things out of the house decluttering maybe put putting them in the basement of their parents home or their friends home for a few weeks Repainting a room if it absolutely needs it washing a few walls if they absolutely need it and making sure everything else is clean and neat and just put their house on the market. You need to show me data where the average selling price of a home after the real estate agent has taken their cat and the stager and the storage has been paid Still is bringing a significantly higher dollar to that seller before I’m going to believe that staging is absolutely necessary in most instances. I can certainly see that if you’re walking into a home that someone has lived in for 50 years and they’ve let things go or they’re just people that don’t have any taste and don’t know how to look after anything that there would be work to be done if they want to get Reasonable value for their property but this top dollar argument, I don’t buy it

Realtor want a fast sale and paycheck by the end of the month. I know that stings. My mother left me her house to sell when she died. The agent my mother was talking to beforehand came in and gave a presentation, said the house is worth $265k and not to fix or change anything. We felt she was way low. But we needed to get on the mls and signed with her. Our list price was $290. Within 3 weeks had two offers and took $300k offer no credits. Come to find out our listing agent had a buyer who buys and rents these homes. Shocking that she priced it as she did. 😮. Realtors are not looking out for your best interest. DONT THINK THAT YOUR LISTING AGENT WILL SELL YOUR HOME. Just get it on the market as cheaply as possible and give 3% to buyers agent. Incentivize the person who actually will sell your home. “LOWER YOUR PRICE” is the genius solution said by every listing agent. My advice, and Ive sold 4 homes, buy right in the first place. Walk thru your home as a buyer would, and fix anything that would make you say “ick”. Be objective and realistic. I have always gotten top dollar with each sale, and never renovated a home to get it.

Great video!

Thanks so much for including the final results for that seller! Very important for us all to remember as sellers. In all seriousness, at that price point house, the 6 months on market actually cost them if it sold only 20k above the offer you had gotten them. This is some very good info but was very repetitive. This video could probably be a maximum of 10 minutes and still include all the important points.

My parents were looking for a house and took me along with them. It was pretty interesting to see how little things make a difference to buyers. Maybe my mom is picky but she'd go, "this house is too dark"- but people just had black out curtains and blinds everywhere, " there is no fence, "this one is too fancy", " too cluttered" " too messy" "too small" " too dirty" ... they ended up ordering a new build in the end. They have a farm behind them and the backyard is very enjoyable, you hear birds, look at trees... just really enjoyable all around. My husband and I ended up getting a house in the same subdivision which my parents are very happy about to this day. We go on walks all the time and stop by grandmas with my kids. Well I walk with a stroller while kids bike or ride scooters.

I'm actually attracted to strong women. But one lady realtor annoyed me in a way that made me not use her to list my house.
My wife got car sick in a moving vehicle if she wasn't watching the road. So when we first got into the realtor's car, I let her sit in the front, and I got in the rear. The realtor said, "I can always tell who makes the decisions in the relationships by who sits in the front, so good, we've got that established." It was so arrogant, and wrong, that I dumped her from consideration.

Great story, they would have saved a lot of hassle if they had listened to you in the first place. We have always listened carefully to what our agents have told us, even if is hard to hear because they know best. We have sold multiple homes and have turned down agents because they didn’t give us constructive criticism, we felt like they just wanted to get the listing.

So much great information in this video. Thank you!

Our first house we bought had a great vibe in it! It was built by the original owner who was buried alongside his wife in the church cemetery next door. I’m selling my mom’s house after she died and it also has the best vibe! Got snapped up right away with a cash offer $5,000 over asking price. I paid for a detailed cleaning after the handyman patched and repainted the ceiling in the kitchen and laid the luxury vinyl flooring I bought in the bathroom. I got the offer a day before it went online! The daughter of the guy who fixed the garage door is buying it!

Would you suggest listing below estimates or at? In this case the couple got lucky (got offered higher) when they lowered the listing price but in some cases people tend to offer less than listing price especially when economy is not great.

Thank you for this story Kati! It is unfortunate that the seller did this to themselves.

My husband and I will be selling our house in about two years. I dread it. We live in a very high-end area and the houses here go very fast. If you were in my area, you would definitely be my first choice as broker. I, too, am a strong-willed woman, but I've learned how to back off when I hire people who know more than me. I want my house sold and will do what is needed to accomplish that sale. I love your posts and am learning so much. Thank you!

I don’t think you are a strong personality!
I really believe you know your facts and when I get ready to sell…you’ll be the Realtor I call!!! 👍🏼👏🏼