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IT CAN BE A
BIG MISTAKE TO REJECT EARLY BUYERS FOR YOUR HOME. Many sellers
have discovered, from bitter experience, that the buyers they
rejected when their home was first placed for sale were the buyers
prepared to pay the highest price.
An efficient agent
will have a `bank' of buyers waiting. The agent will select the
best buyers and bring them to your home. This can be your best
chance to get the best price. If your home does not sell to any
of the buyers in the 'bank", you will have to wait for new
buyers to enter the market. The number of buyers for your home
will get lower not higher, as time goes on. And your price will
often get lower too.
Agents who say
it may take many weeks to find a buyer are admitting that they
are inefficient - or they are failing to tell you the truth about
the value of your home. They know your home is priced too high
and they have to "condition" you down in price. The
purpose of advertisements and massive numbers of inspections is
not to "search for buyers" - the buyers are already
in the area - its to "condition" you with lots of visible
activity. This activity damages the value of your home. It tells
buyers that your home is not sold. It also makes you think the
agent has worked hard. But hard work is not the same as efficiency
How many times
do you hear of sellers having their homes for sale for a long
time and getting a higher price? Almost never.
High prices come
early. Low prices come late.
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