Truths About Today’s Steamboat Market That Every Home Seller Needs To Know
Buyers buy after “shopping around”. In their search for the best buy they are comparing your property to the others on the market
Sellers control the pricing and marketability of their homes but buyers control VALUE. A property is worth what the market (buyers) will pay.
If a property sits on the market for more than a few weeks it gets shop worn (stale... like an old donut). Price it right initially while it is fresh and buyer interest is at its peak.
Most properties must be sold three (3) times...
o First...to the real estate agents with the buyers. If they don’t see it as a decent value, they may not show it.
o Second... to the buyers. If they don’t see it as an attractive offering, they’ll look elsewhere.
o Third... to the lender who will make the loan and the lender’s appraiser. If this group doesn’t see the value... no loan.
What it means if...
No Showings: Agents don’t see your offering as worthy of showing to their buyers. Or, buyers themselves aren’t interested enough to look.
No Offers: Buyers don’t see enough value to even negotiate or try to buy.
Overpriced properties actually help well-priced properties sell.