Dawn's shared items

Saturday, February 20, 2010

Interpreting Feedback

Generally after your home has been shown your agent will receive some type of feedback from the showing agent.

Many agents try and find a tactful, politically correct way to provide feedback. Below are a list of things that I’ve heard, and one way of interpreting it.

“The buyer thought the house was too small”can be interpreted to mean the buyer found more square footage for the same/less money elsewhere.

They liked the house, but bought another one” can mean that the buyer found other houses that were a better value.

They didn’t like the carpet”- can mean that the carpet should either be replaced due to age, color or condition.

They liked the home but bought a new one,” could mean that the buyer was willing to pay more for a similar new home, or the builder was offering incentives they couldn’t pass up.

They didn’t like the floor plan” well, that really has no other meaning than they didn’t like the floor plan.

They didn’t like the lot” could possibly mean they found other homes in the same price range with larger yards, quieter streets, etc

Price objections are always clothed in different terms…always consider what you , as the seller have control over…Price & Condition

Unfortunately you don’t have control over Location and Market Conditions.

Your goal is to be the nicest home in the price range.

If you or anyone you know is looking to buy, build or sell, and need help understanding and interpreting the market & feedback, feel free to contact me.

www.dawnwhalen.com, dawnwhalen@kw.com or 317-893-0648

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