I drove up to Pittsburg this past week with a couple of friends to go to a track event. My first time. It was a lot of fun. Only hit 110 MPH on the straights since it was raining during our track sessions. We took mostly state highways up and due to rain, mostly interstate back.
As soon as I got back, I put a house on the market for some great people who used me to buy the house several years ago.
Having just spent 5-6 hours on the road, selling their house made me think about what it is like driving through traffic. Not that it was at all frustrating or any of the negatives you typically associate with traffic. I mean the whole watching all the cars around you, seeing when you can get around somebody, knowing which lane is moving better…..that type of thing.
Real estate is a lot like that these days where you can expect multiple offers. You’ve got all these moving parts around you and you have to make quick decisions and take advantage of every opportunity. It is always changing, just like all the cars around you on the road as every other driver is doing the same thing.
We put the house on the market for TOP dollar. Neither the sellers nor I really expected to get half a million dollars for the house, but like moving through traffic, we took advantage of the openings we had to get where we wanted to be.
We immediately got 3 showings. One agent never gave feedback and didn’t say his buyer’s had any interest. Lots of times getting no feedback is the feedback. They were the stopped car on the shoulder of the road. They were out.
We had another agent who had an out of town buyer. This agent called me and said her people wanted to write an offer sight unseen. Now, I really had no intention of negotiating this offer unless it was going to be the only one we got. A buyer making an offer sight unseen is like passing a semi truck right before a blind turn. Too much could go wrong. My goal was just to get it and use it to motivate other buyer’s to act quick and bid high.
Then about an hour later I got a call from another agent who asked if we had any offers. I was more than happy to tell her that another agent had just told me she was going to make an offer. That put this agent in high gear as she wanted to zoom around the other buyer and get the house for her clients. Normally when there are two offers, the default is to get in the fast lane with at least a full price offer.
We sold it for full price. I never got the other offer. That buyer ended up being like that car in your rear view mirror that slowly fades away in the distance never to be seen again. Without that buyer though, I doubt we would have gotten such a great offer…..so thank you to that agent who cruised with us for a little bit.