Originally Posted By: hatt
Originally Posted By: HTSS_TR
Originally Posted By: AZjeff
HTSS_RR, you real estate market in SoCal is a bit different that the rest of the country.
It's a little different, but I got about $100k more for my house than my agent could just a month or two before I had that offer and another offer a little higher. I conveyed to the potential buyers that I wasn't in a hurry to move, I would sell my house only when I could get an offer I think is fair market price. I told them I would stay in the house for few more years if I didn't get good price for it.
As long as you how your house real value and asking for just few thousands more, and accept good offer(highly qualify) within 1-2% of what you expect.
If you knew the real value why did you significantly overprice it on your first attempt. You said you listed it with agent for $1.5. But later sold it for $1.3. Overpriced homes don't get serious consideration. They get people shooting low offers which sounds like what you got. When you priced it properly you got offers. Your agent was simply inexperienced and would take any listing and hope.
To a broker, all that is meaningless noise. We don't really care why the seller is selling, we'd never tell you the real reason anyway, a simple he doesn't need it anymore tells you everything you need to know without telling you anything. Half the time I don't even ask. You just write up an offer and see what happens. If they want to sell, they'll accept the offer, if they don't, they won't take the offer. I don't really care what the seller says before the offer, it's really what they do after they get the offer. You'd be surprised at how many times they say one thing and then say something else after they get the offer. That's why working with brokers makes it easy, you don't waste a lot of time on the meaningless stuff, it's why fsbo waste a lot of time and energy and eventually many of them give up. I can do a showing in 10-15 minutes, if the owner happens to be there which is a big no no, it can drag on for 30-40 minutes while a lot of chit chat goes on and then in the end, they don't end up buying it.