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We like a location of the gated community which has 30 houses. There are 3 houses on the market. One we like but its price way too high. The other two we didn't like the floor plans. All houses are not alike as they are customized homes.
Are there any disadvantages on having our agents knock on doors of houses in the community to see whether they may be selling their home? WWYD?
Dumb idea imho. If someone who is motivated to sell is asking a high price someone who isn't planning on moving is going to want even more than them.
Everyones looking for a bargain these days. Sometimes if everything is out of your price range the issue isn't houses priced to high it's that you got your mind set on more than you can afford or are thinking the maket is so terrible you can afford much more than you really can.
Dumb idea imho. If someone who is motivated to sell is asking a high price someone who isn't planning on moving is going to want even more than them.
Not necessarily......some people have in the back of their minds they'd like to move but are not really willing to put in the effort of having their home on the market, but if a ready-made buyer showed up, that's another story.
I stand by my suggestion regarding letters (either mailed or hung on doors) vs. door knocking. I hate people coming to my door - often don't answer it - and even if they do - a realtor comes to your house asking "do you want to sell" most will reject it staight out, but a letter gives them time to mull it over.
Zillow stole this idea and created "Make me move"... Might be worth your time to check Zillow for that neighborhood.
I think any buyer who's done their homework has that one development or street or even specific house... As long as you keep in mind that there's most likely a premium attached to approaching an owner, it could work out for both parties.
Yep, it might be a good strategy. I sold a listing to a couple who had received a letter of inquiry for their neighborhood. They sold FSBO (with help, I'm sure) and bought unrepresented (with much help).
Quote:
Originally Posted by moonsky
We like a location of the gated community which has 30 houses. There are 3 houses on the market. One we like but its price way too high. The other two we didn't like the floor plans. All houses are not alike as they are customized homes.
Are there any disadvantages on having our agents knock on doors of houses in the community to see whether they may be selling their home? WWYD?
I have sent letters to specific homes on behalf of clients a few times. Never had much success with it, BUT I did it for my husband and and I when we lost out on a condo in a bidding war, got a call from the letter and bought the unit.
I have sent letters to specific homes on behalf of clients a few times. Never had much success with it, BUT I did it for my husband and and I when we lost out on a condo in a bidding war, got a call from the letter and bought the unit.
It can totally work.
Another benefit is that if the letters of solicitations don't work, the buyers might be more willing to move on and look at other properties rather than holding out that something in a particular development will open up soon.
It would give them a little bit of closure.
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