I vividly remember in a time long ago and far away....taking three first time buyers for their second peek at the houses they had fallen in love with...each with an entourage of relatives in tow to weigh in on the decision. Every parent chimed in wth..."We didn't pay that for OUR house...that's way too much!"and despite our comps, and in one case illustrating what could be done and the expected return on their investment in a relatively short period of time...Parental advice won out and no one wrote an offer...and no one got the anticpated appreciation which proved to be "right on the money." Sigh.
First time Sellers also receive lots of advice...from parents, friends...and other people..not licensed agents..but they "know"...they have "watched the market"..."the neighbor got $X"...."Your house is MUCH better than the one that sold for $X". Well meaning...they believe that they have their children's best interest at heart...BUT....Highest is NOT alway best when it comes to list price...if the market doesn't justify it...research tells us that the house will sell for a lower price when it DOES sell...which may be lots longer...and a few price reductions away from when it could have sold had it been priced properly....Sigh again.
Sure understand the temptation to step in and "save" a child from making a bad decision...from "losing money" because the real estate agent "priced the house too low.." One of our answers to this is ...What incentive do we have to make less money ?...in addition to showing the black and white proof of homes that started too high and ended up with many days on the market price reductions a plenty...and low, low price when the house sold.
Please Dad and Mom...Sister, Aunt, Cousin, Neighbor...trust that licensed, reputable agents who work in real estate every day know their business...and they too are working on behalf of your daughter, sister, cousin, neigbbor to get the best possible price in the shortest amount of time. Reputable agents study the market and KNOW when the price is right..
If you are looking for agents who are honest and will to the best of our ability...and our understanding of the real estate market in southeastern Wisconsin get the highest and best price the market will permit...call the Hansons...414 525 0563...we are honored to be of service.