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Residential Real Estate Examiner

Avoiding desperate seller syndrome

October 28, 7:27 AMResidential Real Estate ExaminerMichele Lerner
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While television audiences love "Desperate Housewives", the last adjective a home seller would want to have attached to his or her name is "desperate".

Desperate home sellers will find themselves at a deep disadvantage at the negotiating table with buyers, who already have plenty of advantages in today's real estate market.

How to Avoid Desperate Seller Syndrome:

1. Don't tell anyone (not even your best friend) that you are DYING to sell your house. Word gets around.

2. Don't hover over prospective buyers when they come to the house, pointing out all your favorite features or telling them stories about how the kids once started a fire in the oven when they tried to roast marshmallows inside. Best move: leave the house when buyers are there (as long as they are with an agent) so they can see the house on their own.

3. Don't keep dropping the price every few days. If your home was priced right in the first place, iyou wouldn't need to do this. Listen to your real estate agent when he or she shows you the comparable sales prices .... that's why you hired a professional to help you sell it.

4. Don't make puppy eyes at every possible buyer ... it's creepy and won't make them love your house any more than they already do (or don't).

5. Don't offer to throw in your car or your dog with the house ... if they don't want either one, they will just ask you to keep it and then ask you to lower the price again.

6. Don't plaster your neighborhood with signs on every possible corner. You will just annoy your neighbors, and ..... if your house doesn't sell, they will still be your neighbors.

7. Don't play cheesy music when you know someone will be visiting the house. Everyone has completely different taste in music and you could turn someone off completely who might have bought the house, but will never forget the vibe they got from the elevator music they heard when they walked in the door.

 

Are you ready to buy a home? Buy "HOMEBUYING: Tough Times, First Time, Any Time" to get in-depth, easy-to-read  advice on how to make a sound investment.

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