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Guaranteed Home Sale?
If it sounds too good to be true, it usually is.
Inman News recently published an article: Click here to download this article.
Two popular home sale guarantees involve either promising to sell a home for free or to buy a home if a property doesn't sell within a specified time period.
The vast majority of clients generated by many guaranteed-sale offers don't end up taking advantage of the offers due to their terms and conditions.
“I have not yet had to sell a house for free” -- CC Underwood
Sellers must also agree “to reduce price if 10 showings and no offer or 3 weeks without 10 showings, to be predetermined.”
“It generates boatloads of leads,” said agent Linden Moe about his offer to buy a home if he doesn’t sell it within 59 days. “They just don’t want to take us up on it.”
Sellers agree to list a home at 95 percent of market value and cut that price by 10 percent twice before the 59 days elapses.
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