Greater Atlanta Real Estate Blog

Buyers Provide Great Feedback When Homes Are On The Market

Selling Your Home?  Buyer Provide Great Feedback

by: Stan Jones Stan Jones Realty Team Powered By Virtual Properties 

Buyer don't have to say anything to say a lot.  They are not confused in their silence.

Buyers shop for a home and select 5-7 homes online.  They discern the best handful of homes that could match what they are looking for.  Their realtor sends them homes that matche their criteria.  From this, the buyer has a list of homes to see.

When the buyer visits a home they are ready to purchase. When the buyer sees homes of interest they ask more questions and express interest to make an offer. When the homes matches closely the buyer's criteria the buyer usually is making an offer.

What does the feedback tell you when you are selling your home?

1.  If the home is priced right, it gets offers in the first 2 weeks of listing - usually even quicker than that.

2. If you (seller) are getting steady showings and no offers (or low offers) then it is one of two things causing your home to not sell.  Price or condition.  If the conidition is good...then it's price.  Nothing else.

3.  If you are receiving sporadic showings and not offers, then it is clearly price.  There are no other variables.  Buyers can see pictures online and most of the time they can't tell if there are condition issues. So, the only factor is price.  I've heard some people blame their realtor at this point. I've been around this business too long to know that this reasoning is just not acceptable. Why is it that all marketing is consistent across the board for real estate listed homes.  If the agent is consistently selling lots of homes then it is impossible to pinpoint the realtor to say they are not doing a good job on one home and not another one. ...

Evaluate Your Home Owners Insurance Annually

Get a Review of Your Homeowners Insurance Coverage Annually.  

Why? 

Because you may have coverage shortages. 

Your Rates may have increased.

There may be better plans this year.

Also....

TIPS FOR TALKING WITH YOUR INSURANCE AGENT

Despite what you might think, though, an insurance review doesn't have to be an involved, time-consuming endeavor. A single conversation or a visit with your agent can help make sure that you're knowledgeable about your coverage and comfortable that your limits are meeting your current needs. 

Here are some ideas on what you might want to discuss:

    • "Does my policy provide enough coverage to rebuild my home today?" 
      Many homeowners are surprised to learn that their policy is outdated and does not provide sufficient coverage to rebuild their existing home. Changes in construction costs (they can vary from year to year), upgrades to a kitchen or bathroom, new kitchen appliances, or updates to a basement can all affect the cost to repair or rebuild your home. For example, new finishes in your kitchen can change your existing kitchen from "standard" to one that's considered "semi-custom" or "custom." Since insurance companies replace lost items with "like kind and quality," it is important to estimate the full cost of replacing finishes, appliances, electrical systems and plumbing systems in determining your coverage.