He may even pay full asking price, even though this house is more expensive than the others. THE 80/20 RULE IN ACTION: Buyers focus on unique features His offer isn’t based on the 80 percent of features this house shares with the rest. Instead, his bid is based on one unique attribute: a pool. The 80/20 rule predicted the sale of this house. Unfortunately, much time was wasted in finding the “perfect house.” Had the agent known to look for the 20 percent difference, this may have been their first stop. As a seller, you can use this rule in your favor. Draw attention to unique characteristics of your home. Here’s a real-life example. A real estate agent had a client visit from out of town. He didn’t have a list of criteria; he just liked the area. She drove him from house to house. In each case, this buyer suggested offers 10 to 20 percent below the asking price. He would not budge. She began to worry; the whole day was turning into a big waste of time. As the sun set, they stopped at one last house.
19
Powered by FlippingBook