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We can lower the price later

We can lower the price later

It is common to want to go to hit the market with an inflated price, thinking that you can always lower the price later.   But listing at a price above the market value is a mistake. This is because by the time you finally accept the market price, customers will have lost their interest. Some will bid too low, and you will probably end up un

What is an exclusive agreement and why does it benefit the owner?

What is an exclusive agreement and why does it benefit the owner?

First, let's see what an exclusive agreement is not: An exclusive agreement is not an agreement whereby only one Agent can bring buyers to a property.   An exclusive agreement simply designates a particular Agent to oversee the marketing of a property. But any Agent can bring the buyer! This is a modern way of working, and this is how it ope

Make me an offer

Make me an offer

As a homeowner, it is natural that you want to wait for an offer before lowering the price.   However, this presents a serious risk: You will likely never receive any offers, as buyers only see houses a little above what they can afford. This is explained in the graphic above.   In other words, at a high price, your property will be i