Peter Racheotes's Discussions

Price is driving the market as we all know, however realtors still need to shephard people to the property and have a well planned and effective marketing campaign. I would advise against dropping the price by small increments frequently. This methodology will only put yourself in a weak negotiating position because you appear desperate to potential Buyers. In fact, you may have interested parties that are simply waiting because they've noticed how you keep dropping the price and figure they may as well wait until you stop dropping before they write up an offer. It's great that you are realistic but market time is there for a reason so try to have some patience. The market is tough and this time of year is not the best so expect the market time to increase. Best of luck.

Would you hire a professional football player to set up your retirement investments?? Of course not, so why are you attempting to handle such a huge investment if it is not your profession? Your concern is with the commission, the problem here is that all Buyers dealing with a For Sale By Owner know that you are not paying a commission and will most likely make an offer much lower than market value. My advice, higher a real estate professional who will market the property correctly, expose you to all local co-brokers, negotiate without any emotional ties on your behalf and walk you through the process. Statistic show that realtors attain a higher sale price than For Sale by Owners (FSBOs) and FSBOs are less likely to sell than properties being sold by a realtor. When my foot hurts, I don't go to the dentist, I research and higher a professional in that field of business. Interview local agents and higher a rain maker!