So, i jsut got a follow up call from another realtor where we viewed their party last week.
So, why don't we take a look at what happened.
Last week, my clients and i viewed properties, that included 2 listings in the same building. After our tour, we decided to write on one of the two listings in the same building, simply because they liked the paint scheme better.
After writing an offer, the seller countered us with price, and a 4 month completion (we originally asked for 2 months).
We responded, well, why we do a a 3 month completion, but they insisted they wanted 4 months.
We asked why they wanted to do such a long completion and they responded with: we haven't found a place, we need time to look around, etc.
Now, keep in mind that both of these properties have been on the market for more than a hundred days.
So, we halted negotiations with the first property and we inquired about the other one in the same building and they said they would give us the 2 months we originally wanted.
So, fast forward to yesterday....the first realtor gave me a follow up call asking if my clients are still interested, and they would give us the 3 months we discussed.
And i informed them that we already found a property because they were wanting to work around what we wanted.
He does't know that we wrote on another unit in the same building....but they'll be finding out soon enough.
It's currently a buyers market, so the expectations of what a buyers market looks like should be expressed if you want to be putting your property on the market.
There's a chance that your property may fly off the shelf....and if that happens, then you'll have that benefit of completion dates and price in your favour.
However, if your property is stagnant on the market, then you should be doing things to help prepare you for when you do het an offer.
1. keep informed on what's happening on the market: recent sales on the market to help adjust your listing price.
2. keep informed on properties you want to buy
3. have a plan b set...in case completion dates are not very favourable.
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