I was talking to a friend of mine the other day about their friends that recently withdrew their home off the market after lingering for 6 months. I was curious about what had occurred because homes in this area sell pretty briskly and it is unusual for homes to linger, unless of course, they do not show well or they are priced too high. As it turns out, the reason it lingered was a result improper pricing. However, while the Realtor did lobby for a more reasonable price, the sellers insisted on a higher price point because the Realtor had erroneously informed them they would have to put down a 20% down payment on their new home. Now, I realize that we like to add value to our client’s experience. But we are Realtors and not lenders. What this person should have simply done was ask them to speak to a lender that their clients knew, like, and trusted to explore financing options and scenarios prior to even putting their home on the market to see if moving would even be feasible for them. It would have saved everyone in this transaction a whole lot of time and aggravation.
Published on 2015-10-01 14:36:15