Joy Daniels (Joy Daniels Real Estate Group, Ltd.)

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Rainmaker
1,136,268
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

In my area just about anything that is priced above average (<10%) will still sell within 10 days.  There are those die hard sellers who boasts they will not sell until it reaches their dream stellar target.  I do not even take their listings. The ones who listen to me priced it right or below latest highest gets good results.  I just sold one in 2 hours. It receives historical highest price. Monday 10 AM.  Showed to 3 groups got 2 offers same day.

Sam Shueh

Campbell, CA

Apr 04, 2015 02:00 AM
Rainmaker
956,594
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

You are right Michael Jacobs - in some ways they can be hokey.  I guess that is what I am looking for - ways to make them see a little less that way.  That said, our phones ring.  We have a "contract/qualification" list and usually most sellers realize they don't qualify immediately. . . there are a few that do and they are happy to know it, but we get their homes sold before they need to be at the "buy out" price.

Sam Shueh - The home must be in the median price range to qualify and we have a series of price reductions (4 over 120 days).  We also have to agree to the starting list price.  If the home hasn't sold after the 4 price changes (we have only had 1 that didn't sell and we did purchase it), we will purchase it.

 

Apr 04, 2015 01:33 AM
Rainmaker
3,958,601
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Joy - I've seen them offered and to me -- I always thought them to be a little hokey.   But if it works, who am I to say?   

Apr 04, 2015 01:26 AM
Rainmaker
1,136,268
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

what is your catch? One can list at higher than market (e.g. 20%+) if it does not sell in 59 days you give back $10K?   A local agent was fired from Coldwell Banker when it did not selll...

Apr 04, 2015 01:26 AM
Rainmaker
634,272
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

My brokerage doesn't offer this. Not sure it would make a different in our market.

Apr 04, 2015 04:13 AM
Ambassador
953,070
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Mine is a little different than a guaranteed sale program, but we have a 30 day closing guarantee program in which we pay someone's first mortgage payment if our delays cause a settlement to be extended beyond that period.  It does make the phone ring, provides people with reassurance, and let's them know we do have some skin in the game just like them.

 

I think programs like this are good marketing, and an opportunity to back up what you offer.  They do need to be marketing the right way to avoid being hokey, which they often can seem.

Apr 04, 2015 03:41 AM
Rainmaker
1,624,172
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Never. We thought about it, but there are just too many uncontrolable variables. Newer, lower priced listings, owners not keeping the home ready for showings, etc.

Apr 04, 2015 02:31 AM
Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I am not. Not a fan.

Aug 23, 2018 06:40 AM
Rainmaker
629,951
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

No.

Mar 31, 2018 09:12 PM
Rainmaker
3,069,684
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

As long as all terms and conditions are fully disclosed as part of the initial offer, they are "OK".  If not - then they may be viewed as a bait and switch tactic. 

Aug 25, 2017 05:32 AM
Rainmaker
831,948
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Most people think it's just a gimmick, and many times it is. i don't use it.

Apr 04, 2015 07:57 AM
Rainmaker
956,594
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

I like your program John Meussner thank you for sharing.  You are right, they are along the same lines of creating opportunity.  

You are right Sandy Padula & Norm Padula, JD, GRI  - that is all part of the contract.  If you ever want a copy, I'm happy to send it to you - let me know.

I am sure your market is very unique Kathleen Luiten - the difference it has made for us is an increase of 2% market share. . . that may not sound like much, but it really is quite an increase.

Apr 04, 2015 04:27 AM