Selling Your Home Isn't Like Reality TV Shows: Here are 10 Cold, Hard Real Estate Facts! by Holly Budde

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2 months ago
Selling Your Home Isn't Like Reality TV Shows: Here are 10 Cold, Hard Real Estate Facts!

Let me guess: You have listed your home for sale, you have watched all the TV shows about it and now you’re perplexed that it isn’t sold? Here are the cold, hard facts why reality TV isn’t real-world selling:

  1. You can over-improve! Updates are wonderful, but not all generate a return.
  2. A buyer never chooses one of three homes – often they look for months!
  3. Going back to No. 1, are you overpriced? Reality TV never mentions appraisals! Regardless of what you have in it, your comps are your neighborhood's sold prices for 12 months.
  4. Real estate is always a local business! What is listed (and its price) is your competition.
  5. Open houses do not usually generate a crowd. Unless, of course, a TV producer pays the extras to show.
  6. Every buyer has a right to, and every lender will require, an appraisal. 
  7. What you owe plus what you have added is your problem, not the buyer's! Net listings (a minimal amount you must achieve) is usually an overpriced house.
  8. If you aren’t agent-friendly, they don’t show it.
  9. Every local market generates its own statistics. National trends are meaningless in your situation. Gather local facts!
  10. Builder incentives in your area are your competition.

For more home-selling tips, visit HollyBuddeRealEstate.com.

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Donna John
You are right on with these tips, Holly Budde ! They make it look so easy on TV.
Holly Budde
yes they do. but as you know --local markets !!
Elisa All Schmitz 30Seconds
Sold my house two years ago. Could have used your great tips, Holly Budde ! xo
Holly Budde
i think you a set! 💖
Chef Gigi Gaggero
This is very informative. Thank you Miss.
Holly Budde
miss..lol!! get your license California
Meredith Schneider
Oh Holly Budde so gonna hang onto these tips! Not selling yet but at that point of tossing around the idea. Been in our house 15 yrs and I'm so ready for change!
Holly Budde
Let me know if I can help you in any way. always fun to think of a new house
Ann Marie Gardinier Halstead
Will keep these tips in mind when it's time to sell my NY house. Thanks, Holly Budde !

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