UnThreaded | Threaded | Whole Thread (34) | Ignore Thread Prev | Next
Author: FlyingDiver Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127563  
Subject: Re: Five day home sale Date: 5/27/2013 12:28 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
In either case, I have one question;
The 2nd edition was published in 1998 (I can't easily find when the 1st was published)...
If this system actually continued to work, why would the extremely competitive and creative industry of Realtors® not have fully integrated it already?

Either they have, and thus there is no longer any advantage to the DIY'er, or
It doesn't work (if it ever did,) and thus there is no longer any advantage to the DIY'er.

Big, established, human-intensive markets *DO* offer beatable vulnerabilities from time to time... but generally speaking, by the time its published (at all, let alone 1-2 decades later) the vulnerability has long been digested and eliminated.


Dave - I agree with you that if this really worked, Realtors® would be doing it. However, I have a theory on why it "appears" they're not.

Background - both of the last two houses we sold, they were on the market less than a week. Under five days, I think. So houses do sell that fast.

If the agent is a real pro - that is, they actually understand and implement an optimal strategy for preparing, pricing, and marketing a home, then fast sales would be the norm. Not always, because some properties just don't have the appeal, or there isn't enough demand.

But not all agents are pros. They're just not that invested in learning how to do it right. They don't want to put in the time effort. Also, many (most?) homeowners won't listen to their agents and do what they really need to do for a fast sale. They won't de-clutter. They won't de-personalize. They won't do the cosmetic upgrades that draw in a buyer.

Homeowners who are willing the put in the effort to sell their property themselves, and are invested enough in that process to buy and read a book on the process, probably will do all the right things. And would so either with or without an agent.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (34) | Ignore Thread Prev | Next

Announcements

Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
Post of the Day:
Apple

Apple and Ninety Years Ago
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement