It is crucial to have an upfront conversation with the seller about their expectations and motivations for selling their property. I always spend a significant amount of time discussing with the seller their reason for selling the property. Whether they are downsizing, relocating for work or retiring, it is essential to understand their motivations as it can have a significant impact on their expectations for the selling process.
It's important to have an honest discussion about the consequences if their property does not sell, or if they don't get the price and terms they are looking for. This way, we can address the consequences of their decision upfront and ensure there are no surprises down the line.
One of the biggest topics to discuss with the seller is pricing. In today's market, it is vital to price the home at fair market value, not the price that the seller wants. A year ago, sellers could ask for any price, and they would get it, but today's market is different. With ever-increasing interest rates, buying a house has become more expensive, and buyers are more cautious.
By pricing the home right, perhaps even slightly below the market value, you can create a sense that any buyer buying the property is getting a good deal. This will attract more buyers and potentially create a sense of competition, which may result in a slightly higher price than expected. While it's not advisable to price the home way under market value, pricing it just a little bit lower than the competition can attract more buyers and ultimately lead to a fair price for both the seller and the buyer.
In conclusion, having an open and honest discussion with the seller about their motivations and expectations upfront is critical to a successful home selling process. Proper pricing is also vital in today's market to attract buyers and ultimately achieve a fair price for the seller's property. As a seasoned real estate agent, my goal is to provide the best possible experience for my clients and help them achieve their selling goals.
We are dedicated to maintaining a long-term business relationship with you, as evidenced by my past work. Please contact me when you're ready to move forward with your next purchase or sale, and let's discuss how to make it happen.