I've lived in a great condo for 16 months, but now have it on the market. The condo is very small (704 sq. ft.), but has a very open floor plan and appears much larger. I am buying a much larger house in the same neighborhood.
Prospective buyers always ask why I'm moving. I don't want to tell them it's because I want a larger place, as that will give the impression my place is too small. And I don't want to tell them it's because my income has tripled since I purchased this condo, so I can afford a more upscale home. That would encourage people to bid low, thinking I don't need the money.
Anyone have any idea how I can answer this question?
Oh, and it's in Atlanta, in the Kirkwood neighborhood, 2BR 2BA like new with all upgrades, in case anyone is in the market...
2007-01-13 09:58:07 · 14 answers · asked by CJKatl 4 in Business & Finance ➔ Renting & Real Estate
What's wrong with telling the truth? You have not decided that you need a two bedroom condo, and that you will really miss some of your neighbors. Sell them on how nice it will be to live there. You not have to mention that your current place is too small. It was not too small then you moved there, and maybe it will not be too small when they move there??
2007-01-13 10:10:23 · answer #1 · answered by D S 4 · 1⤊ 0⤋
This is only one of the reasons you should hire a Realtor. A seller should never communicate directly with a buyer. Every answer to a buyers question is used to justify them lowering the price of an offer. It does not matter what answer you give them.
I think you just figured that out on your own.
The average selling price threw a Realtor is 10% higher than a FSBO because of their education, marketing, MLS service and knowledge of value of property. If you give a 6% commission your net is still 4% higher than the average FSBO.
One of the first reasons a buyer gives a FSBO is, since you are not paying a Realtor we can take the commission off of the top. All of a sudden you are paying a commission and still doing all of the work!
Solve your problem. Call a Realtor.
Better yet, if you would like me to find an experienced Realtor in your area at no additional cost please feel free to email me.
Michael
2007-01-13 10:08:31 · answer #2 · answered by Bestbank Real Estate 3 · 1⤊ 1⤋
Just reply, "It's a great condo and it's been good to me, but it's time for a change" and then change the subject to "So did you see the master bedroom?". This way you're telling the truth while not disclosing that it's too small or only poor people should live here. ;)
Regards
2007-01-13 16:31:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Tell the truth. There's nothing wrong with wanting more space. 700 sq feet is small and any serious buyer will know that. How did they fit 2 bed rooms and two baths in 700 sq feet? That's a miracle!
2007-01-13 10:02:45 · answer #4 · answered by wdh122253 1 · 0⤊ 0⤋
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2016-10-07 02:49:18 · answer #5 · answered by ? 4 · 0⤊ 0⤋
As a former buyer and a current owner ... just tell them "I am relocating for work"... ANYTHING else Will set alarms off in the buyers head .... they will either think something is wrong with the place/ neighbors or start trying to cheap you down.
2007-01-14 05:28:08 · answer #6 · answered by yeah , yeah whatever 6 · 0⤊ 0⤋
Tell them that you are GETTING MARRIED
that way if they see you again they wont think you were tellling them a blantant lie.
YOur new wife to be has 2 kids from a previous relationship (so you need the money to help her with that) and it was just easier for you to move into her place so that the kids are not uprooted from their school
2007-01-13 10:32:38 · answer #7 · answered by kissmymiddlefinger 5 · 0⤊ 0⤋
You could be honest, but if you think its going to knock you out of a sale and if nothing is wrong with the condo, just tell'em your moving out of town for a job or something.
2007-01-13 10:10:04 · answer #8 · answered by Alpha Male 3 · 0⤊ 0⤋
Wanting a bigger place is legit. Anyone that is a potential buyer and is looking at your place will be able to see how small it is. You can't fool them by not saying you want bigger. Some people want small, it's not always a bad thing.
2007-01-13 10:06:40 · answer #9 · answered by BaseballGrrl 6 · 0⤊ 0⤋
It's not unreasonable to say that your family situation has changed. I wouldn't go into great details, but you can say that the condo lifestyle no longer suits your needs.
Good luck with your new home!
2007-01-13 10:20:20 · answer #10 · answered by ramman 4 · 0⤊ 0⤋