1,452,819
My Sellers understand it will be at least a year or more!
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
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Susan Emo
Kingston, ON
2,781,173
I always go over the timeline and how I want to come in wayyyyy under it
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Richie Alan Naggar
Riverside, CA
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
989,652
I do my best to educate my sellers so they are prepared.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Jessie Cochran
Panama City, FL
556,790
Sellers are often in need of closing the deal sooner rather than later. As a result the longer it takes, the greater their level of frustration with ANY delays.
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Tony and Suzanne Marri...
Scottsdale, AZ
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DEANNA C. SMITH CERTIF...
Smith Mountain Lake, VA
5,104,931
I guess that depends on the market. I have one closing this month representing buyers with a 30 day close and home was on market less than 2 weeks when we made the offer. So all-in-all it'll be about 45 days from list to close. And I've done a number of these in under two months recently.
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Fred Griffin Florida R...
Tallahassee, FL
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Tony and Suzanne Marri...
Scottsdale, AZ
255,662
Always talk about timelines before they list so they understand the process. Then reiterate it when an offer comes in
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
5,583,278
oh yes, they are always advised at the listing presentation.... we forewarn them about many factors....
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Tony and Suzanne Marri...
Scottsdale, AZ
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Nina Hollander, Broker
Charlotte, NC
5,049,450
It's part of the discussion during the listing presentation.
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
3,988,007
Yes we talk about time lines when we initiate the listing contract. Rarely do any of our listings sell immendiately and close with cash.
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
4,572,183
It's about the education process and it's discussed during the listing presentation. Rinse and repeat throughout the transaction.
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
1,725,996
We do detail the sales process with our clients on both sides so there are no unwelcomed surprises.
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
1,844,301
I just had a first time seller that for some reason did not think the whole thing thru & was the planning type. She got herself in real gear when I told her the marketing time, then the closing time.
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
1,052,211
Yes. They are informed. And if that does not register, or they get amnesia and start pestering me immediately why it hasn't been done in 15 minutes . . . they become an ex-client.
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Lyn Sims
Schaumburg, IL
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Tony and Suzanne Marri...
Scottsdale, AZ
2,538,633
Good morning Tony and Suzanne Marriott, Associate Brokers. The word has certainly gotten out.
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Tony and Suzanne Marri...
Scottsdale, AZ
3,164,294
4,319,419
Tony and Suzanne Marriott, Associate Brokers - I go over with the sellers (and buyers) about the transaction time line - and they 'get' it.
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Tony and Suzanne Marri...
Scottsdale, AZ
321,564
I have a conversation with the seller in the beginning and throught the process.
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Tony and Suzanne Marri...
Scottsdale, AZ
2,707,721
I always go over the timelines with my clients - with the hot Dallas market, they need to be ready to move....FAST!
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Tony and Suzanne Marri...
Scottsdale, AZ
3,986,258
Yes, that is part of my marketing information
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Tony and Suzanne Marri...
Scottsdale, AZ
3,727,873
That conversation needs to be an important part of the listing presentation.
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Tony and Suzanne Marri...
Scottsdale, AZ
823,579
3,345,091
No. That is not the case in my market. Homes are selling fast ... 30 days to close. 45 days from list to closing ... max.
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Tony and Suzanne Marri...
Scottsdale, AZ
2,684,109
Yes. I explain at the outset, that even if we get an offer on the first day, you may be looking at 45 to 60 days before it closes. Contingency periods, inspections, time for mortgage origination.
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Tony and Suzanne Marri...
Scottsdale, AZ
5,005,659
I absolutely cover this with my sellers..they get it!
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Tony and Suzanne Marri...
Scottsdale, AZ
1,157,785
In many cases, sellers in my area expect properties to sell within days but expect it to close within a couple of months.
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Tony and Suzanne Marri...
Scottsdale, AZ
4,434,127
45,957
Our market is a bit different. If the property is priced right (big IF) then it sells quickly and about 25% of our market is cash so from listing date to sale and close date is within 30 days or less. We have alot of properties that never make it to the MLS before they are sold.
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Tony and Suzanne Marri...
Scottsdale, AZ
6,393,494
Everyone thinks that theirs will be the exception to the rule.
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Tony and Suzanne Marri...
Scottsdale, AZ
69,794
Yep, we explain that first thing.
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Tony and Suzanne Marri...
Scottsdale, AZ
900,128
In CT, I would not take a listing for less than six months and 1 year is preferred. Sellers are given the local stats and should be aware of reality.
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Tony and Suzanne Marri...
Scottsdale, AZ
4,800,082
1,622,432
Well, I spell them all out during an initial consultation, so we are all on the same page.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,502,998
Yes. I explain the process to them from the get go.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,543,823
Actually, no.
Depends on the market. 2 months is a long time for most of our market. 30-45 days I'm closing most of them, I did a couple earlier this year in less than 2 weeks. I did a 5 day escrow in February 2016.
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Tony and Suzanne Marri...
Scottsdale, AZ
5,216,409
Most times yes, but sometimes you have to educate them
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Tony and Suzanne Marri...
Scottsdale, AZ
212,500
The seller and I study comps during the initial listing appointment and throughout the sales period. Comps include sales prices, how long it took to get a conract and how long it took to close the sale. It's not that complicated in my area, as all those numbers are available in MLS.
Secondly, there are MY stats. I used to be able to say my deals don't run late with my preferred lenders. Today, however, too much is out of the LO control to quote on time delivery of loans, so I say the exact opposite. It is highly likely to run late. Not just a day, but up to a few days or even a week or two. This, sadly, has been "the new normal." It helps to remind them the likelihood so when it happens (in the end) they don't go into shock. We revert back to, "Remember when I told you nothing runs on time?" Then it's easier to handle.
I just wish (some) sellers would get the crust out of their ears :)
Thankfully most sellers do understand and manage their stress well.
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Tony and Suzanne Marri...
Scottsdale, AZ
608,881
I manage their expectations. I explain upfront to sellers that highest offer is not always best offer. I explain typical time lines and all the variables that can cause deviations.
I just had a seller that needed a fast contract and closing since they were bidding on a new home in a new location. It closed last Friday. I showed property less than 2 weeks ago to a very aggressive cash buyer, willing to sign contract and close immediately. Seller accepted offer over higher offers (even other cash offers) that were not willing, ready and able to close immediately since they were not as prepared.
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Tony and Suzanne Marri...
Scottsdale, AZ
5,772,575
Tony,
Exactly what Susan Emo said. A
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Tony and Suzanne Marri...
Scottsdale, AZ
655,940
I think if the market speed is discussed during the listing presentation along with the TRID guidelines new buyers are working with.
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Tony and Suzanne Marri...
Scottsdale, AZ
7,836,139
921,504
At least 47 days if we accept a financed offer today.
They ask, "47 days! When should we start packing?"
"By what I am able to see, you should have started in January."
What is distressing to seller is knowing that the deal can fall apart at any time here in Florida resulting is significant cost to buyer and seller.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,239,901
The key is asking price in relation to market price.
Most sellers do not mind wait awhile months except when the market price goes up they want even more.
Greed, greed and greed is all on people's agenda.
Sellers do not care they use one agent, two, or third agent so far they have the mentality of price fixing in their head......
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Tony and Suzanne Marri...
Scottsdale, AZ
846,475
I would hope so, especially after I tell them!
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Tony and Suzanne Marri...
Scottsdale, AZ
4,936,705
5,868,554
I had a financed transaction close in 2 weeks 3 days and closed early April.
617,935
We are seeing closings back in the 4 -6 week range. High transaction loads are a bigger slow down than TRID.