wanted!
BYE-BYE, $50,000
One seller was trying to sell his home from out of town. He hired an agent, but it turned out the agent didn’t really know the area, or, quite frankly, how to correctly sell a home. First, because the agent didn’t do his research, he listed the home for $230,000, $50,000 below market value. Not only that, he didn’t even put a sign on the property, which meant that unless people went online, they wouldn’t know it was for sale in the first place. Well, it turns out the next door neighbors learned the house was on the market. It was a bigger, nicer house on a larger lot, which would be great for their large family. They offered $230,000, which was accepted. They knew what the house was worth, and would’ve gladly paid fair market value. But of course they offered full list price instead — who wouldn’t? They knew it was a steal, and the unwitting seller would probably be thrilled. The kicker? There was another buyer who found out about the property after it sold, thanks to the agent’s lack of marketing. Like the next-door neighbors, this buyer would’ve been happy to pay the full listing price, and it’s possible there could’ve even been a bit of a bidding war, possibly ending with the home selling over fair market value. Unfortunately, thanks to the incompetent agent, the seller missed out on making an extra $50,000 or more. How infuriating is that?
$15,000 LESS FOR AN EXTRA 15 MONTHS ON THE MARKET
In another “agent dropped the ball” story, a seller received a full- price, no-strings-attached offer on his home. The agent, however, flubbed it, letting a small and easily fixable issue completely ruin
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