“If a seller wants to sell their home and say goodbye to it, the buyer is going to have to perceive it as a good buy,” said Gary Keller, chairman of Keller Williams Realty Inc., one of the largest real estate franchises in North America, this morning on Good Morning America.
Gary Keller is, frankly, a real estate genius…and it’s because of the way he thinks, which is aligned with how top producers across the country think, that Ambrose Team brought Keller Williams Realty to our hometown…Wichita, Kansas. Gary ‘s statement is true of any market, and certainly it’s everything in today’s market. As I’ve said in other posts, buyers are buying. It’s just that they’ll only buy, duh, what looks to be a “good buy”!
Same thing when buying a car or a stereo. Buyers want to get what they want …at the right price compared to the other choices available. A buyer is going to buy what they preceive to be “more for the same , or the same for less.”
In other words, every buyer wants to feel that they got a good deal. Today more than ever, a buyer wants to see that their dollars are buying them more home for the same price; or that they’re getting the same value for less dollars. Cliches are cliches for a reason…and the one that comes to mind is “more bang for the buck!” And in the Wichita market, whether it’s the Maize school district, Goddard, Andover or anything around or between the best “bang” is what they’re going to buy. The Seller that doesn’t want to compete will sit on the bench.
Every day Sellers will say, “we’re different…we don’t really need to sell.” And this attitude, always stated with such confidence, as a perceived strength, and the supreme advantage is actually a major disadvantage. What we see in today’s market is that Sellers who do not need to sell, don’t, because they are competing with sellers who absolutely, positively have to sell and will do whatever it takes to do so. This is just as true in Wichita as anywhere in the USA today. Selling a home in this market is a price war and a beauty contest. Keller nailed it when he said, “price gets them interested & staging gets the offer”. You Must price to get the buyers in the door & have your home staged for the ‘Wow’ that will cause them to want to buy it compared to everything else they get to choose from right now. Needless to say, if it’s not priced to get them to come see it…it doesn’t matter what it looks like! If you are priced to get some looks…make sure it looks ‘goooooood’!
Gary shared a few other great gems that made the air. Unforntunately, someone at GMA didn’t listen too carefully and slapped together their own version of 5 Tips for the homeseller. Number 5 was a huge blunder!! By 10:30am GMA corrected the mistake online but it’s too bad for any consumers who only saw the story on air, or may yet watch the video clip online. Hopefully they will re-edit the clip; plus do an on-air correction. Tip #5 was “Be there” (Yikes!!!!) . The GMA story suggested that Sellers BE at the showing…as “no one can sell your home like you can!” Whoa!! That’s Real Estate Marketing 101…the seller should Never be present at the showing. That’s the best way to blow any chance at a sale…or irreputably damage the Seller’s negotiating position. BTW- the buyer’s don’t want your REALTOR there either…unless that’s the agent they called to view it or it’s an official Open House! And…neither Seller nor their agent should be at the inspection.
GMA quickly changed the advice online to “Be available”. Now that sounds like advise GK or any knowledgable real estate pro might give. Be available by phone, email, or fax in case your REALTOR needs to reach you for questions or to start negotiations. Be gone, but be available! And let the professionals make sure that you get a chance to say “Good-Bye!”!









