tag:blogger.com,1999:blog-2740556909864494483.post3338106402610670596..comments2024-03-22T16:30:48.999-05:00Comments on Key West Properties: PsychicGary Thomashttp://www.blogger.com/profile/03006513292595034076noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-2740556909864494483.post-52726038331270698242010-08-14T12:18:05.720-05:002010-08-14T12:18:05.720-05:00I've had some great experiences with Realtors....I've had some great experiences with Realtors. I especially appreciate those who've listed houses for me in the past and been very honest with me about pricing. Most homesellers are going to throw out a top-dollar listing price. The best agents are the ones who understand the sellers' needs, know the market and will make a strong case for the best price to actually sell the house. In my experience, even if I started with a high list price, the agents who wer honest about pricing in the first place were almost always right.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-71597585450900475702010-08-14T02:54:41.649-05:002010-08-14T02:54:41.649-05:001) A Realtor that takes a "market testing&quo...1) A Realtor that takes a "market testing" sale is a fool. <br />2) It "costs" Realtors time and money to list a property in the mls. <br />3) Not all Realtors are evil. Some miss expiration dates and have to prepare a new listing. It's not as easy as you may think.<br />4) Why do you want to paint Realtors as "thieves"? <br /><br />There are some real jerks that sell real estate. Or that try to.<br /><br />And there are some very competent Realtors that do their profession proud. <br /><br />GaryGary Thomashttps://www.blogger.com/profile/03006513292595034076noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-73831692624589232832010-08-13T19:29:49.349-05:002010-08-13T19:29:49.349-05:00Still there are sellers who want to list their hom...Still there are sellers who want to list their home to "test the market" and see if their home will sell at the price they set. They are willing to wait for the one buyer who is willing to pay their $. They are in no hurry - It costs nothing to list. There are many homes in the KW MLS over 300, 400 even 500 days on market. Sure some have the original MLS number but a good many expire one day only to show up the next with a fresh new MLS number and an informed buyer who watches the KW housing market is not fooled by these tactics. It happened at the height of the market and it is happening today by the same few realtors in KW. so there is truth in the old saying --- there is no honor among thieves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-76840874308803308592010-08-13T12:00:59.668-05:002010-08-13T12:00:59.668-05:00To the Anon Realtor who wants to teach me how to s...To the Anon Realtor who wants to teach me how to sell real estate, please re-read what I wrote. The dynamics of selling a house right now are that sales are usually negotiated. A seller and his/her agent may set the asking price, but it is the buyer and the market that determines what gets sold and what does not. <br /><br />The comment immediately above says it perfectly. "Ultimately, though, it's the informed buyer who determines what the home is worth."<br /><br />GaryGary Thomashttps://www.blogger.com/profile/03006513292595034076noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-67301682020945989432010-08-13T09:34:05.394-05:002010-08-13T09:34:05.394-05:00I think Gary's right on this one.
Buyers, an...I think Gary's right on this one. <br /><br />Buyers, and their consumer demand, set the price of a home. If a homeseller has had a house on the market for 180 days at $1.2 million and keeps rejecting offer after offer for, say, around $950,000, they're not getting the fact that the market (aka, buyers) are saying the house is worth $950,000. <br /><br />I don't think it's wise or fair for a seller's agent to advise the seller to stick to their guns at $1.2 million if the market (aka, buyers) are repeatedly saying the house is not worth that. Especially in today's economy.<br /><br />Listing agents need to be very diligent and honest with sellers today. Agents need to ask if the seller really wants and needs to sell. If so, then both should agree to price the house aggressively. <br /><br />I don't understand why ANY homeowner would list a home in today's market unless they really wanted or needed to sell it. It especially doesn't make sense for a seller who doesn't need to sell to let a home fester at a high price in today's market. If you don't need to sell, then don't list the house. The longer it sits unsold, the more likely attentive buyers are going to view the property as troubled or, at least, unreasonably priced.<br /><br />Agents and homesellers can assign a price to a home. Ultimately, though, it's the informed buyer who determines what the home is worth. <br /><br />Today, the fact remains that many homes in Key West are not worth as much as some sellers and agents would like to believe.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-48257810281812662732010-08-13T07:58:52.753-05:002010-08-13T07:58:52.753-05:00Buyers SHOULD NEVER set the price of their home Ga...Buyers SHOULD NEVER set the price of their home Gary! I am ashamed you even said that! <br /><br />As a fellow Realtor, I NEVER let the buyer set the price without an informed comparative market analysis of the area properties similar to that for purchase. How can a buyer make an informed decision without such knowledge?! They can not. That is why, as a real estate professional with years of experience, I am there to guide them in their decision.<br /><br />Without information, the buyer is ill informed and unprepared to enter into a contract for purchase. <br /><br />Also, take note that the purchase price must also reflect he buyer's ability to make the financial commitiment. And, of course, all is contingent on acceptability of the contract not to mention the home inspection.<br /><br />Please Gary do your readers a service and let them know that not just one factor determines the price of the property but several in connection with each other will determine the outcome and final sale.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-4588387306272613032010-08-12T12:53:48.211-05:002010-08-12T12:53:48.211-05:00Jan George is iright. And I made a faux pax.
Loo...Jan George is iright. And I made a faux pax. <br />Look at how cool the Psychic's shop looks today: http://tinyurl.com/25ueuy8<br /><br />And as to who sets the price, it is the Buyer. The low end of the market in Key West is what is selling. Most of the higher priced houses are not selling. There are exceptions, however.<br /><br />I may write about a property in this blog but I don't recommend houses that are priced unrealistically. Smart buyers can figure out for themselves whether a particular property is a good price or not. If I write that a property is a bargain, I mean it. I do not write things I do not believe.<br /><br />I don't refer to my buyers as naysayers. Naysayers are not looking to buy. They want to stir up trouble and scare potential buyers. Real buyers may not make a purchase on their first or second trip to Key West. If they are like me, they make take several years to find the right place. But they don't give up on pursuing their dream of home ownership in Key West. <br /><br />GaryGary Thomashttps://www.blogger.com/profile/03006513292595034076noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-90139503627946104932010-08-12T09:43:07.448-05:002010-08-12T09:43:07.448-05:00Gary... who do you think truly sets the price of r...Gary... who do you think truly sets the price of real estate? Realtors? Sellers? Or buyers?<br /><br />Is it still a buyer's market? If so, is it reasonable to say the buyers are the ones who are dictating "fair" market price right now?<br /><br />I don't think some of your readers are naysayers. I do believe they're practical and they believe there are some sellers (and perhaps agents) who are holding out for higher prices than the market will bear right now. <br /><br />I'm not a realtor, but I'd imagine selling more homes at lower prices is better than holding out for over-priced homes to sell (or not, if the sellers "don't need to sell"). <br /><br />Thoughts? <br /><br />Oh, and nice post.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-11433276462898648212010-08-12T08:04:54.298-05:002010-08-12T08:04:54.298-05:00the psychic was remodelling...total makeover...che...the psychic was remodelling...total makeover...check it out again...beautiful new interiors...JANGEORGe Interior Design, 600 Frances Street, Key WestJan and Georgehttps://www.blogger.com/profile/08762822484430568602noreply@blogger.com