Tips that Get Vernon and North Okanagan Homes Sold Fast for Top Dollar! (Part 9)
TIP # 8 ROOM TO NEGOTIATE?
As Realtors, one of the single biggest mistakes we see in our industry is the listing client wanting to price their listing so there is "room to negotiate." This situation comes up frequently and many listing clients elect to follow this path and essentially price your listing out of the market like the rest of the herd. As Realtors and as mentioned in previous posts there are 2 ways of identifying overpriced listings: a) You are not having many showings and there are no offers. b) Home has been on market longer than average days on market. (Currently to date 102 days on market is the average for Vernon and North Okanagan). As Realtors we are also very aware of the ratio of sales to inventory which currently for Vernon and North Okanagan is 12%. This means for every 100 listings only 12 are selling and the remaining are "out of market" because you wanted to leave room to negotiate. You are better served to price it accurately and aggressively creating an "AUCTION EFFECT" where you have lots of showings and multiple offers that may even push/bid your home sale price higher.
Please call 250-545-9039 or email info@okeefe3.com for your Free Report & Video (Secrets to Home Pricing and how buyers respond!)
To your Real Estate Success,
Rod O'Keefe
