When the market is hot many sellers think they can save money by listing with a low cost broker. They may consider a new different approach, thinking that the savings are going to end up in their pocket. But how much money are you leaving on the table?
For the past two weeks we have listed homes, spending time and money preparing them for sale and pre marketing them professionally. We have held open houses at both, although many agents say open houses don't sell your home.
The first home we had over 150 people through the open houses over the weekend, we received 11 offers, all above asking and the seller was very happy.
This past weekend we had 60-70 people attend the open house and we received 6 offers, again all above the asking price, another happy seller.
We obtained higher prices for them using our marketing skills, and they will net a higher amount as a result.
A few weeks ago we lost a listing to a company not in our area, but some 2 hours away, they listed not in our MLS, they did not host an open house, we heard they had six people visit and got one offer which they negotiated. They were happy because they thought they were only paying 2% but actually they lost money as the buyer was required to pay 5%. The home was not marketed correctly and they left money on the table as a result. Would they have got more money if they had had more people through the house?
If you are thinking of selling your Main Line Home contact us as the window for the Spring Market is beginning to close. Nick Vandekar, Selling The Main Line, with Long & Foster Real Estate Inc., office 610-225-7400, cell or text 610-203-4543, Nick@VandekarTeam.com, website, www.SellingTheMainLine.com.