By the time Buyer #2 discovered the property had been sold, it was too late. The Result: The seller lost out on $50,000 because their agent didn’t properly market the home or understand its true value. A simple “For Sale” sign or listing at the correct market value could have sparked a bidding war, driving the price closer to or even above fair market value.
The Danger of Dropping the Ball
In another case, a seller hired an agent who mishandled what should have been a flawless transaction. The seller received a full-price offer with no contingencies. However, due to the agent’s inexperience, a minor issue derailed the deal. The agent failed to resolve it, and the buyer walked away.
The result? • The home sat on the market for another year.
• It eventually sold for $15,000 l $15,000 less than the original offer. • The seller also made 15 additional mortgage payments on a house they weren’t living in, adding significant financial strain.
What Can You Learn From These Mistakes?
Both examples highlight two crucial points:
1. Your Agent Matters: Choosing the wrong agent can cost you far more than you might realize. Look for an experienced, knowledgeable Realtor with a proven track record in your market.
2. Marketing is Key: Without proper exposure, even a great
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