Bryan Vogt: Welcome back to Ready Set Sold with your host, Bryan Vogt, and I wanted to talk about the $5000 tip of the week and if you don’t know, and I think most people do know that when you’re dealing with this big an investment, $5000, number one, is serious money. But it can happen quicker than most people think. When you’re dealing with tens of thousands or hundred thousand dollars of investment, that money can add up pretty quickly and $5000 spends just as well in a seller’s pocket as it does in anyone else’s pocket.
Can I tell you a brief story that happened not too long ago I heard about? Was there were some sellers. They had gotten everything almost ready to go. I mean, they were so close. They’d done the neutralizing on the colors of the house. They had made most of the changes in the kitchens, did the updates. The flooring was doing great, but they hadn’t done them all and they had, I believe, if I remember right, it was a dining room.
It was a upscale home and it had a dining room and the color they had in one of the rooms was probably not very neutral, actually pretty bold. They knew they needed to get that changed. They wanted to neutralize that, give themselves the best chance. It was, I think, in two of the bathrooms. I think it had three bedrooms. Excuse me, three bathroom house.
Two of the fixtures, as far as the sink, not so much the sink, but the water, hot and cold, basically the faucets, it comes to me now, were needed to be changed out. But they wanted to go ahead and put the house on the market. They were moving to Florida. The market was going pretty well and guess what. Their agent kind of stepped in and said, “No. We can’t do it. Can’t do it. Can’t do it,” and they were kind of shocked. They said, well, they made plans. They were trying to get the agent in.
The agent said, “No. No, no, no. Unless this house is perfect, don’t do it. Don’t do it. Don’t do it.” Well, long story short, they tried to get an interested person in. But the painting wasn’t finished and it all kind of strung out to where it took three weeks almost a month before it got on the market. What happened? Well, again, it was in a high end house. When you take insurance, you take principal and interest, when you take taxes, it probably came to $3000. $3000 before getting on the market when they thought they could get it on the market within a day or two.
Now it’s sitting there a month behind and the Florida market is even going up higher. In the story, once they finally sold it, they thought they lost at least $5000, maybe even $10,000 because, again, all markets are different. The Florida market was moving up, month by month. It was moving up at a very fast speed. So the tip of the week for this is, lookyour agent should be a consultant. They should not be the dictator. That’s not what you want.
Make sure when you’re hiring an agent, they’re not telling you what you have to do, that you’re working together. It can make a big difference in your bottom line and also how the process goes in selling your home. Before I forget, hey. I hope, everyone, if you haven’t already, go to Red Cross. Make a donation, whether that’s money, whether that is towels or clothes. Find a way to get involved with Texas. Let’s all kind of get behind Texas and the Houston area and make that happen, as I know you probably will. You’ve been listening to Ready Set Sell with your host, Bryan Vogt.
Ready Set Sold with Bryan Vogt #15-05: Scott Miles of BarCom Security and Joanna Theismann of Delmar Financial: $5000 tip of the week. Make sure your agent isn’t keeping your house off the market
September 2, 2017