It's all about the price...

It occurred to me last night that I haven't been in touch recently.  My purpose in the beginning was to provide as much information as I had available.  My hope was that it would lead you to call me, or at least know enough to ask questions of your real estate professional. Now I think I should update the community on my activities these past few weeks, so that you know I'm not just talking for the sake of talking.
I have one short sale scheduled to go to closing on June 22.  We started at a list price of $240,000 because the bank basically said we had to list at that price.  That was last August.  We got no offers, so when the listing expired, I decided to list it at market value.  It was under contract in 10 days.  Unfortunately that contract fell thru; the buyers lost a job waiting for the bank!  We had another contract in two weeks without any price adjustment.
Another short sale I working on went under contract in 30 days, even before the bank could file the notice of intent to foreclose!   Still another I'm working on was listed April 19; the contract came today.
The point is: pricing is everything.  You, the owner,  needs to realize he has nothing to gain: he's going to come out with a short sale and not a foreclosure onhis credit report, but no money.  A bitter pill I know.  You may feel your house is worth a lot, but the bank, not you is going to be the beneficiary so why worry about the price? 
I look at the ratio of list (sold) price to square footage.  Period - end of story.  Now-a-days, with so much on the market, people are driven to a property by how big a home their dollar will get;  while ammenities like lake-front and granite countertops help seal the deal, ultimately it is price that will grab people.  If the price is realistic, the home will be shown and you will get an offer.  And isn't that the goal?  Once you get an offer, you can go to the bank and actively DO rather than wait for them to DO TO YOU!
I invite anyone to share their story with the rest of us, so we can all learn. 
 

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