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« The joy of video... | Main | Nobody walks in LA, nor to they buy homes... » July 16, 2008It's one big sleepover party....This is another example of real estate run amok... I know this goes on in the Bay Area, but it makes no sense to me... The idea of letting a potential buyer spend the night in a house to help close the deal is nuts... But then again, I'm not selling my house....
In most markets, home buyers have the upper hand these days. That often means they have greater negotiating power when it comes to price or the ability to squeeze out extra perks from sellers. But on occasion, they will ask a seller for even more, a request that will help get to know the home better. They will ask to sleep over. As reality programs such as TLC's "Date My House" and HGTV's "Sleep On It" show buyers spending a considerable amount of time -- and sometimes an entire night -- in homes they are considering, some buyers in the real world are getting the chance to do the same. It isn't something being agreed to by droves of sellers, but it is a new tactic that some are considering, said Pat Skiffington of Keller Williams Classic Realty in Orlando, Fla. He is arranging for a prospective buyer to stay overnight in a downtown Orlando condo. Mr. Skiffington wouldn't recommend it for every home. The Orlando condo is a good candidate because the prospective buyers don't live in the area, and experiencing what the downtown is like at night might sway them to make an offer, he said. Click here for the complete story... Posted by Jeff Brooks on July 16, 2008 02:11 PM | Permalink TrackBackTrackBack URL for this entry: |
