CHAPTER 3 What to Avoid
Allow me share another example of a regrettable blunder that led to a seller losing a staggering $50,000 on their home sale. Yes, you read that correctly - a whopping $50,000! A vigilant buyer managed to acquire a property valued at $380,000 for a mere $330,000. This property was being sold by an owner who resided out of town. Unfortunately, the agent the seller hired was unfamiliar with the local area and suggested this significantly lower price. To compound the issue, the agent didn't even bother to place a sign on the property, resulting in very few people being aware of its availability. Interestingly, two different buyers expressed interest in purchasing this property. One of them, in particular, was highly enthusiastic because it was right next to his current residence, offering a larger yard for his children to enjoy. The other prospective buyer was a local resident seeking a larger yard to build a new home. The first buyer acted swiftly, submitting an offer as soon as he learned of the property's availability. The seller accepted this offer promptly, even though the buyer would have willingly paid the full market value. No need to do so, as the seller agreed to the offered price. Unfortunately, the second buyer remained oblivious to the property's availability until after it had already been sold. Even 7
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