Does the Home Seller Have a Clue? Here’s One (Bad) Sign


Anyone Home??

[Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.]

Show me a “For Sale” sign that’s badly listing, week after week, and I’ll show you a “For Sale” property where no one’s home — figuratively, and quite likely, literally.

That’s because a falling-over sign can be easily corrected with a phone call to the sign installation company, which then doubles back to reset it (at least in Minnesota in the Spring, the tilt is invariably due to the ground thawing).

Usual lag to have fixed: a few days, max.

“Never Just One Cockroach”

Which begs the question: If no one’s taking care of the easy stuff, how likely is it that they’re taking care of the hard(er) stuff?

That includes things like expertly staging, pricing, and marketing the home; scheduling showings with prospective Buyers and their agents; and completing the Seller Disclosure and any city-required inspection.

Or, if/when the time comes, negotiating the Purchase Agreement; handling any inspection issues that arise; and arranging needed title work prior to closing.

My answer: “not very (likely).”

As I tell clients, “there’s never just one cockroach . . .”

P.S.: Astute observers will note that “Home Avenue” assists FSBO’s (what Realtors call “For Sale By Owner”).

See also, “Maybe THAT’S Why They Call it “a Listing“; “For Sale” Sign Repair: Two Kinds“; and “Maybe THAT’S Why They Call it a “Listing”.”



from RSSMix.com Mix ID 8230700 https://ift.tt/353kkYC
via IFTTT

Comments

Post a Comment

Popular posts from this blog

“What’s the Highest Point in Hennepin County?”

Image
There sure seems to be some confusion on that, umm . . . point. I’ve now encountered at least three different properties — none close to one another — that all claimed that status in just the last month. For the record, according to Hennepin County’s website, it’s on Williston Road near High Point Road in Minnetonka — 1,131 feet above sea level. See also , “ Florida’s Tallest Point (and how to get there) .” from RSSMix.com Mix ID 8230700 https://ift.tt/2Pq1ndL via IFTTT
Read more

Estimating the Discount for a Busy Street (or Not)

Image
The Art of Comp Selection One of the trickier home features to account for in a Comparative Market Analysis (“CMA”) is a busy street. For a family with little kids, a busy street may very well be a deal breaker — in which case the discount is theoretically infinite. At the other extreme, an investor looking for a rental property may see the location as a plus: free advertising! Of course, not all busy streets are created equal: depending on how far the home is set back; elevation differences; the individual home’s layout; and even landscaping and other topography, and the noise level/loss of privacy can vary significantly. Two Strategies Faced with so many variables, Realtors and Appraisers can always simply choose an average discount — say , 10% off. Strategy #2? Choose as Comp’s (Comparable Sold Properties) only homes that are also located on busy streets. Even better: the same busy street. Then, there’s no need to make any adjustment, because all the home...
Read more

“Are You a Realtor?” “Why, Yes I Am!”

Image
“There Goes My Realtor!” Admittedly, the intended effect is for clients who see me in and around the neighborhood where I live (by Cedar Lake in Minneapolis) to see my car on the road and say, “There Goes My Realtor!” But, my custom license plate (above) is also a conversation-starter when I’m parked. Like today, in Linden Hills, where a builder who has an upcoming listing saw my car and asked if I was a Realtor. I know what to do from there . . .  from RSSMix.com Mix ID 8230700 http://ift.tt/2glixp5 via IFTTT
Read more