How much did the seller end up spending on holding costs and related expenses in the anecdote?

Steve D ValentineReal Estate Mentor

Go to Market or Meet their Net? #shortvideo #shorts #short #shortsvideo #growth #money #tips

15 Dec 2024 · 1 min

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A short YouTube video by Steve D Valentine discussing whether sales price or the net proceeds matter more when selling (particularly real estate). The speaker advises considering holding costs, needed repairs, and risk tolerance: an overpriced, unrepaired house sat on the market and ultimately cost the seller $40,000. The clip references demonstrating show flow and weighing seller budgets and willingness to take pricing risks.

Questions this video answers

$40,000

Chapters

What's more important, sales price or net in your pocket? I think it's a really valid question to ask everybody, because if you go through and somebody wants to overprice something and you can show them the holding costs and then a price reduction, and you can do exactly what Sharon says, show flow, demo. This is what happened to the last house that was overpriced, didn't do the repairs and sat on the market. They ended up spending $40,000 in cost. And. Right. We can go through those from our experiences. We can tell them the good and the bad experiences. Right. We've had some sellers do this, and they netted a bunch of money. Their budget was less. It's unknown. You have to risk in order to experience it. And the question is, how good is your risk tolerance?