Do You Have All Your Pieces?
Posted May 10th, 2008 in R.E. Stories, Real Estate
Vancouver Condo For Sale
Photo Credit: Flickr: Sesseljamaria
Is There a Piece Missing?
Are you aware your asking price is substantially higher than a similar suite in almost every respect? Sorry, the other suite is 15 square feet smaller. Your suite is one door down, on the same floor, in the same building. Like the first, both are new, and have never been occupied. The difference between the two is that the other sold for $40,000 less than your asking price.What’s Wrong With The Picture
Why do you display anger when an offer arrives that is comparable to the price for which the other unit Sold less than 20 days ago? Why are you offended claiming this is a low offer. Your suite has been on the market for more than 50 days. It is shown constantly and it would be fair to assume it has had exposure. You must know that Buyers do their research. By all measures they put forward a fair price considering market conditions and the Sold unit next door only to receive outright dismissal. Yet your suite has not sold - Why? Does it make you wonder if all the pieces are on the board!Got a Vancouver Real Estate question? I’ll do my best to answer it. Call or send me an email.
You seem to list all the important questions one should ask if coming across the problems you describe. I agree, many people in general and home sellers in particular do not seem to understand how many factors can determine whether and how quickly a house will sell. I guess one of the most important point you’ve made is that you must know how home buyers do their research. Surprisingly enough, it is not always the way you imagine…
I’m always asked by buyers what I think a property is worth and what should they offer? I have consistently taken the position that it’s not my money to spend.
What can be done is to provide the buyer with a market evaluation on which THEY can base THEIR offer.
I suspect the Seller’s agent or the Seller must have missed a page (piece) on the SELLER’s evaluation.