Guaranteed Home Sale Claims – Are They a Gimmick?

Selling Davie Real Estate A gimmick is a trick used to attract attention, publicity or business. When a real estate agent advertises they guarantee to sell your home, that is definitely a gimmick and it can generate a lot of leads for the agent. The question is whether it’s a gimmick that’s good for you or just good for the agent.

How Do Guaranteed Home Sales Work?

You may run into several different kinds of guarantees. Here is an explanation of some of them, but I’m sure people are thinking up new approaches every day!

  1. A Short-Timeframe Listing Agreement. This is the simplest offer. Rather than entering into a 180-day agreement, the agent offers one for 60 days. If the house isn’t sold in that timeframe, the buyer won’t need to worry about whether to renew the agreement or not.
  1. Low- or No-Fee Agreement. In this situation, the agent agrees to lower or eliminate their commission if the home isn’t sold within a certain timeframe.  Guess they want you to feel better about not paying so much to get your home sold for too little.
  1. We’ll Buy It. Some agents agree to buy the seller’s home themselves if it isn’t sold within a certain timeframe.

Do Guaranteed Home Sale Offers Have Fine Print?

Yes, they do. And, it’s no surprise. If the offer didn’t protect the agent making it, they’d go out of business and no one would be making guaranteed home sale promises. Here are some of the ways an agent making this offer can be protected in the fine print:

  1. The Seller must agree to list the home at the agent’s recommended price.
  2. The Seller must agree to drop the price 10% every few weeks if no offers are being made.
  3. The Seller must agree to a final 10% price reduction if the house isn’t sold and the agent must buy it.
  4. The Seller must follow the agent’s recommendations for completing updates to the home.
  5. The Seller must agree to showings without notice or with very short notice.
  6. The Seller must work with the listing agent to buy their next home.

The only way this type of an offer can work for an agent in all cases is if the list price for the house is under market value. Sometimes an agent will identify a specific initial reduction, such as listing the home for 95% of what the market value is. Sometimes, the agent will just create a number without any clear indication of how it relates to market value.

In either event, the agent knows that homes priced under market value do usually tend to sell quickly. Home buyers can certainly spot a great deal when they see one, and someone will likely snap up an undervalued home. Is that good for you or just for the agent?

If you are desperate to sell your home quickly, and you don’t mind losing money, you can work with any agent and set the list price under market value. There’s no particular expertise required to sell a home that is underpriced. Add the listing to the MLS and that’s about all you need to do.

Another interesting fact is that according to experts such as the folks at Inman, sellers who contact an agent about a guaranteed home sale promotion don’t usually end up using the guarantee. Once they understand all the fine print, they don’t think the guarantee is worth it.

What Is the Alternative to a Guaranteed Home Sale?

Your other alternative is to work with REALTORS® who are good at what they do and who don’t need a flashy gimmick to get clients. Choose REALTORS® based on their track record and their ability to market your home effectively.

The real trick is selling a home in a timeframe that is realistic for your market, and at the highest price the market will bear. A REALTOR® who can do that will give you the best experience and the best outcome for your real estate transaction.

Interested in selling Davie real estate? Call us today at 954-242-8030 or send an email. We’re the real deal.

Davie, FL Offers Amenities Difficult to Find in High-Growth South Florida

Davie Real Estate

If you’re looking for a place to enjoy the outdoors, Davie real estate should be on your list of must-see properties. Davie, FL has a population of over 96,000 people who live in a 35 square mile area that has two community centers, 29 parks and 165 miles of recreational and equestrian trails. Whether you want to live an equestrian lifestyle, or you just love the lush landscape in the Davie area, you won’t be disappointed.

Eastern Davie Parks

There are 15 parks on Davie’s east side. They range from active parks where you can rent facilities for your own gatherings, to passive parks where the facilities are available on a first-come first-served basis. The Eastside Community Hall isn’t technically a park, but you can rent the facility on a per-hour basis for up to 90 people, and take advantage of a kitchen and restrooms. Here are some of the other highlights.

Bergeron Rodeo Grounds – Davie is the host to a series of rodeo events, starting with the Orange Blossom Festival & Rodeo on February 27 and 28, 2016. You can also enjoy a Davie Pro Bullriding & Festival on April 23, the Davie Pro Rodeo for Youth on June 24, the Davie Pro Rodeo on June 25 and September 10, and the Southeastern Circuit Finals Rodeo on November 10-12, 2016.

The Rodeo Grounds also host dog obedience and agility classes and Jackpot Rodeos every Wednesday night. There you can enjoy true Western entertainment including calf roping, barrel racing and team roping. And, if you want to hold a Western gathering of your own, you can even rent the arena.

Davie Pine Island Park – This 113-acre park offers lots of things to do. Here you’ll find an aquatic and fitness center, ball fields, recreational trails, roller hockey, picnic areas, play areas, basketball, tennis, a skate board area and concessions. The park also offers meeting rooms and shelters for rent.

Linear Park – If you don’t need to rent a shelter, try a place like Linear Park. No permits are required, and it offers 36 acres of green space with nine shelters located along the canal bank.

Other parks on the east side offer fishing, recreational trails, and picnic areas among other amenities.

Western Davie Parks

On the west side of Davie, you’ll find another selection of active and passive parks and a second community center, the Ivanhoe Community Room that holds up to 100 people. Many people buy Davie real estate on the west side of the city to live with nature and their horses. Here are some of the highlights.

Oakhill Equestrian Park – This park covers 10 acres and includes one shelter you can rent that has a capacity of 60 people. There are also picnic areas, grills and rest rooms. The highlight of the shelter is the large equestrian round pen and an arena. Both facilities provide wash racks, hoses and water troughs, and are available for rental.

West View Park and Joy Yoder Equestrian Center – This park consists of a passive park area with recreational trails and a shelter. The Yoder Equestrian Center offers an equestrian round pen and dressage arena and wash racks.

A variety of other parks offer everything from recreational and equestrian trails to picnic areas, ball fields, tennis and a dog park.

If you’re planning to buy or sell Davie real estate, let us know if we can help. As local experts, we can help you find the right home for your lifestyle or sell your existing property at the highest price the market will bear. Call us at 954-242-8030 or send an email to contact local Davie real estate experts.

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