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Pricing >Sellers Beware

Here is a scenario for sellers to avoid. You contact a real estate agent to list your home and the agent suggests that you might get more for your house than comparable homes on the market. The agent assures you that it only takes finding one person who is willing to pay your price!

Some agents approach a listing appointment as if they are bidding for your home. The unfortunate result is that you start out with an unrealistic opinion of your home's value. There is often a strong temptation to work with a person who says what you want to hear. An experienced, reputable real estate agent will back up their opinion of your home's value with hard data. The agent should give you information about the listing price of homes that are currently on the market, and recent selling prices of similar properties in your immediate area.

Even the most heroic marketing efforts won't work on a property that is obviously overpriced, (except in the most exaggerated of seller's markets.) Even if you find a buyer who is willing to pay more than your home is worth, the sale could fall apart when the appraisal comes in lower than the agreed-upon price. Listen to everything, but be careful!

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Q	What does "contingency" mean in real estate?
A	A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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Denny Grimes & Company, REALTORŽ, real estate agents and broker for Fort Myers, Cape Coral, Bonita Springs and Lehigh Acres Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Denny Grimes
Denny Grimes and Company, Inc.
1870 Clayton Court
Fort Myers, Florida 33907
Phone:: 239-689-7600
Toll Free:: 866-466-3822
Fax: 239-689-7601
Email: denny@DennyGrimes.com
Denny earned his BA and MBA degrees from the University of South Florida and has served as a full-time Realtor in Fort Myers and Cape Coral for over 20 years. During that time he has accumulated an impressive track record. Focusing on professionalism and integrity, Denny has earned some very distinctive honors in the real estate community. He is the past Director of the Florida Association of Realtors and the Fort Myers Assocation of Realtors. He is a Certified Residential Specialist (CRS), Certified New Homes Sales Professional (CSP), Accredited Buyers Representative (ABR) and a respected real estate seminar speaker and trainer. He has spent the last 3 years building Denny Grimes & Company the premier real estate team in Lee County. "Finding the right home, in the right area, at the right price depends on finding the right Realtor. Our customers are customers for life, because we focus on letting them know that we: Take their move seriously!" - Denny Grimes

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