Where are the offers?

Since August 23rd 2019, and this is the 26th of August! There have been price reductions/changes on 23 properties in the Ponte Vedra area.

Once we get the listing, it takes a great deal of time, and money to market the property. We spend a great deal of time in due diligence prior to meeting with our sellers to provide an accurate and impartial value only to be faced with false promises we may have heard from the sellers previous realtor interviews. Do we accept the sellers demands in order to get the listing? It’s extremely important to share the consequences of pricing higher what substantiates the true value.

Who are we fooling, it’s not fair to our seller nor to us to list the home higher than what it’s worth, (UNLESS) we’re in a market where multiple offers are the norm. . Why deceive our sellers, by listing it for what the seller wants to sell it for. Disappointing all parties.

A seller must accept that the real value of their home is determined by what a buyer is willing to pay for it in today’s real estate market. What the seller wants to receive at the closing table doesn’t affect the home’s market value! The market does not care what they need! If a seller cannot grasp this reality, then the listing we worked so hard to get will not be a marketable one, and our efforts to sell it will be fruitless.

The longer a property remains on the market, the lower the price must be for it to sell. Statistics have proven if the property is not correctly priced from the start, it nearly always and ultimately sells for less. No winners!

So many times, numerous sellers are interviewing several listing agents, and will they spoke to another agent who said the listing price should be “XYZ” What a realtor may say about what the price should be doesn’t affect it’s value.

Why do so many buyers and sellers have limited trust in us as realtors? Agents will tell them what they want to hear and not the honest truth. As difficult as it may be, honesty is always the best policy.

As I shared with you in the beginning. Twenty three (23) properties in our area have reduced the price of the home they listed in the past two days. So digest what this short article has to say and call me. I don’t sell homes in volume, I represent my buyers and sellers with ethics and integrity and with value that comes with experience.

Author: danswingblog

Dan has celebrated over 19 years as a full-time Realtor. Successfully listed and sold Luxury homes, diversified real estate portfolios. Advises and assists clients with challenging liquidations and purchases. Not uncommon to be working with foreign nationals, buyers that leverage the Sterling, Euro, and similar currency. Dan welcomes the Global community, with friends in many Nations. He brings a reputation for Integrity, Expertise, and Focus. Our customers deserve the best. Currently provides Residential and Commercial B.P.O.'s, Broker Price Opinions, B.O.V's, Broker Opinion of Value to many lenders. Manage and Sells R.E.O., Real Estate Owned properties, distressed properties! Evaluate and negotiate solutions for sellers and lenders. Developed, operated and sold a Florida "AWARD WINNING" Ad Agency! 2010 & 11 Commercial Agent of the year. RE/MAX Paramount Properties. Relocated to Tampa in 2012, enjoyed retirement for 6 months. Saw unethical practices by some Realtors and choose to reverberate our profession in the Tampa area. In four years built his business to as many as four (4) transactions monthly. Mortgage brokers were calling Dan a Superstar in Real Estate. Dan and his wife relocated to North East Florida, to the community of Nocatee. Currently focusing on 55 and older communities and Luxury Real Estate. Successfully closed on many extremely challenging foreclosures, and Short Sale. Coached and participated in Commercial and Multi-Income Family REO's in the past six years. Elected to the Auburndale City Commission in 1986-88. Created and served as 1st Redevelopment Chair in 1988 & 89 personally put in place all the elements for the Auburndale CRA. 1990 City Commission refused to give a full vote of confidence. After a 5 year journey to personally raise funding, extensive research and study for the CRA district perimeters, and stunned with the Commissions doubt. Positioned himself to run for office again, was re-elected to Auburndale Commission, to serve 1991-93 to full fill the CRA master plan! Active with the Central Florida Development Council from conception in 1985 and sat on the board periodically for the past 25 years representing municipalities and private investors. The positions Dan held from 1986 through 1993 enabled him to have a complete workable understanding of the State of Florida Comprehensive Plan for Future Land Use, and the benefits of intergovernmental agreements, utility franchise expansions, and public/private partnerships! Specialties: Assets recovery & receivership, Real Estate Portfolio's, REO & Short Sale of Residential and Commercial negotiations, marketing consultant, public relations, and Broker Price Opinions for residential and commercial lenders.

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