Next up Part 2 - IF IT’S NOT SELLING, IT’S NOT COMPELLING!
Next up Part 2 IF IT’S NOT SELLING, IT’S NOT COMPELLING! In the first home selling post, I stressed the importance of getting the price right the first time listed, and why it’s important to have an agent with DEEP knowledge of the neighborhood. In this segment, I’ll tell you about what to do if you get it WRONG, and the next post how to make it RIGHT. Details matter in real estate! As I said, the EXPIRED/WITHDRAWN category should be avoided, whenever possible. Re-assessing the property’s value should be done asap, by a professional appraiser. Although a knowledgeable agent should be able to use comparable properties to evaluate price, sometimes there are issues missed. Take for example, lake properties built with large walk-out basements, tricked out with fine amenities. But, come selling time, even the finest of finishes do not add value to the “below ground” square footage when appraised, because of regulations by Fannie Mae. Even now, 90% of homes are purchased with mortgage