I get a fair number of calls from Miami Beach real estate sellers asking me for my opinion on why their condo hasn’t sold. I try to help as many people as I can, but sometimes they really aren’t looking for my honest opinion, they want me to confirm their thoughts, which I can’t do. I have to give the information that I know is right. It’s not easy, but this video from real estate maven Barbara Corcoran offers tips, tricks, good ideas and just plain old good-advice.
Here are some common mistakes when selling your Miami Beach or South Beach condo:
1. Making small price reductions. I’ve said it before, so I don’t have to say it again.
2. Hiring the wrong agent. Having a competent, professional agent is more important than ever.
3. Waiting “out” the market. There are many, many, many people thinking that exact same thing.
4. Showing a cluttered home. The competition is stiff, folks. Clean, paint and unclutter.
5. Not taking the first offer. Two out of three times, the first offer is YOUR best offer!
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Categories: Client Advices, Miami Real Estate, Seller Advices
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January 26th, 2008 at 9:55 am
Great ideas for sellers to ponder. I wanted to add that many sellers do not want to list their homes at market value or less because they fear that they will get low-ball offers.
I tell my sellers that it is better to get low ball offers than not to get any offers at all! A low ball offer is a starting point for negotiating a better offer, which both parties can agree upon. I can’t tell you how many low-ball offers I have helped negotiate higher prices for my sellers. If a buyer is willing to put an offer in writing and submit a mortgage prequalification and escrow deposit, then they are a serious buyer. Price your home closer to your bottom line and it will sell twice as fast your competition at an even higher sales price!!
January 27th, 2008 at 9:32 am
For Realtors and buyers alike, simple and basic advice but very helpful. Thank you
January 27th, 2008 at 11:58 am
Great blog Kev
January 29th, 2008 at 1:36 am
In today’s market many times your 1st offer may be your ONLY offer.
January 29th, 2008 at 4:52 pm
Laurie,
AMEN.
May 1st, 2009 at 12:15 am
Great video! Applies to anywhere in this country!