Some housing markets are heating up so much that homes are selling in less than 24 hours—also known as a “flash sale.” I recently had a client that was caught in a torrent of flash sales. She put in offers on several homes that were sold in one day at prices that equaled or exceeded the list price. Her purchase was a flash sale: she made an offer on the day that the property was listed.
Who sets the price?
Agents at Nesbitt Realty understand that no matter what you’ve been told Realtors really have no control at all over the real estate market, only the plan behind marketing.
Our Realtors never determine the asking price – the seller does. We can provide Realtor advice, but the seller makes the final decision. This not only applies to the list (asking) price, but it especially applies to the selling price. By the same token, we cannot control the offer price. We can only present the offers that are actually made. None-the-less, if the seller does things right and takes each step by step, together we’ll set a listing price in the right area and have no problems selling your property.