As a seller, you want the best price for your home. Buyer competition increases sales prices. Naturally, a seller does not want to do anything that will reduce that competition. We know that the more buyers that are interested in your home, the higher the price you can command. But, sometimes sellers inadvertently scare buyers away. Staying in your home during a showing, even if you feel like you are staying out of the way, is one good way to chase away your potential buyers!
In order to understand how the seller’s presence reduces competition, you have to try and imagine yourself as a buyer. The following three scenarios show how buyers sometimes feel when the seller is present during the showing.
In order for buyers to make an offer, they need to fall in love with your home. They need to get excited about it. They need to discuss their concerns and work through them with their agent, spouse, or family member. And, they need to engage with the property. But they won’t do those things unless you leave.
I understand that there are sometimes extenuating circumstances. Sometimes a handicapped homeowner is unable to leave the home. Or, a special needs child is distressed by continued interruptions to their schedule. These are certainly valid reasons for exceptions to this rule. Sometimes we decide that quality of life is more important than getting the best offer, and that is okay, too.
If you want to get the highest and best offer on your home, and you are physically able to do so, it is in your best financial interests to leave the property during showings. Yes, it’s a pain; especially when there are kids, pets, and unconventional work schedules in the mix. But in the Triangle, if your property is exposed to the market properly, it won’t spend very long on the market. In 2016, 50-60% of resale homes in the Triangle were under contract in less than 30 days.
Do you want to know how much your home is worth? Contact me today for a Market Analysis of your home!
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Ellen is the founder of Harmony Realty, a socially conscious realty company. Ellen believes in empowering her clients through education and open communication. Ellen is a number-cruncher at heart and takes great pleasure in following and analyzing the trends of the housing industry. She loves communicating the big picture to her clients and helping them to understand how the market affects their sale or purchase. Her honest and down-to-earth approach allows her clients to make informed and intelligent decisions to get the most out of their offers and negotiations.
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