Neither of these Listings that I took were Short Sales or Foreclosure properties. Both Sellers just wanted them SOLD, and quick! Mission accomplished.
Property 1: 81731 Revoir Pl., Indio, Calif. Listed at $620,000. I brought the Buyer also. Cash..very close to List Price. In Escrow in 5 days. Set up to record by 12/2. How did it happen so fast? I had spoken with the Seller the previous year about my evaluation of the property and what it should list at. I took her an offer of $650,000. She disagreed and listed it at $750,000. A year later, she called me again. The property value had dropped a bit and my Buyer at $650,000 was gone. She agreed to my price, I contacted my suitable database of potential Buyers, wrote up a cash offer and she accepted. That idle year of “thought” cost her over $30,000 + carrrying costs. Listen to your List Agent if they are on top of your area..I KNOW what is selling.
Property 2: 82243 Waring Wy., Indian Palms Country Club. I took this listing after the Seller called me out of desperation. The Condo had been listed for over 200 days with 2 different Realtors. Why hadn’t she received even ONE written offer? I walked the property after the Listing expired, and told her it was not in a condition to sell and I was not surprised she hadn’t received an offer. The List Price was correct, but the property did not present itself in a manner that would induce offers. She listened. It only cost her $588 and I arranged all the “fixing”. A large tree was trimmed that had been cutting off the light into the condo. Furniture was removed, a couch replaced. I re-hung pictures, and bought brightly colored throw pillows, towels, hand towels, table centerpiece. Lastly, a HUGELY necessary deep cleaning by my cleaning crew. Then, and only then did I put my sign in the ground and list it. I had 2 full-price offers within 3 days! Did I reduce the price??? NO! The price was right/sq. foot. The presentation was wrong..and we fixed that. Cash offer to close in 3 weeks or sooner.
Standard, Equity Sales DO sell..if the Seller hears their experienced List Agent. It may cost you a little out of pocket, but the money going back into your pocket and the relief of no more monthly carrying costs is worth it!