Some of the best deals in the Tallahassee real estate market can be found due to an error in marketing a home for sale.
If you, as a potential buyer, want to find a really good deal, you should understand how sellers actually get top dollar for their homes and then look for home sellers who have fallen off of that path.
Here are 20 homes for sale that have the potential for becoming great deals, take a look through them, and then read our reasoning why following the listings.
Homes For Sale With Large Price Reductions
Homes For Sale With Large Price Reductions
How To Find Vulnerable Home Sellers
Some of the best deals in real estate come from situations where the seller’s resolve to get top dollar has been weakened by a poor marketing plan. Here’s what I mean.
As I write this, we are in a strong seller’s market. That means that home sellers control the market and buyers are lucky to even find a home they like. So how can a buyer find a deal under these market conditions?
Even with conditions as they are, about 1 in 4 homes is failing to sell right now. That’s right, a seller hires a real estate agent, the property is listed in the Tallahassee MLS, and then 6 months later the property is still not sold.
How can that be? There are not enough homes for sale on the market, and buyers are often joining bidding wars where many buyers are trying to get the same house. So how can homes go unsold?
It’s simple. Poor marketing.
Some homes fail to attract the right buyers who should want the home. So if you are looking for a great deal, all you have to do is go out and find those homes that other buyers are failing to see.
NOT EVERYBODY SUCCEEDS
Did you know that more than 30% of home sellers fail with their first listing agent?
That's right, they end up waiting and hoping for a lone buyer to come in and offer anything for the home when they instead should be seeing multiple buyers competing for their home.
Sell your home fast and for top dollar, we'll show you how!
Homes With Price Reductions Are Good Suspects
The prudent seller hits the market strong with a powerful real estate marketing plan and a price that will attract many buyers. But this doesn’t always happen.
When a home is incorrectly marketed, the only solution for the home seller is to either remove it from the market or reduce the asking price in the hopes that a new buyer pool will find it more appealing.
A seller who reduces the asking price by 10% or more is one who is showing a change in motivation and thus the listing could be ripe for a great deal.
This is not an absolute, but searching for homes with price reductions is a great habit to form if you are looking for a killer deal.
Bookmark this page, it will allow you to easily jump on the most recent price reductions of 10% or more. If you want to track the largest reductions, then check out this page.
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