If you’ve listened to talk radio in Austin you’ve heard a commercial for a Realtor sales guarantee. Some version of “If I don’t sell your home in 37 days I’ll buy it.”
How does that work and is that a good deal or a gimmick? Here’s how the Realtor sales guarantee has been explained to me.
If I were to offer this guarantee first I would make you pay for an appraisal. Then I would make you pay for an inspection and make any repairs suggested on the report. After that we would come up with a guaranteed price that would be somewhere around 20% less than the appraised value. If your home is worth $300,000 I would offer you around $240,000 for a guaranteed price.
Is that a good deal or a gimmick? I’ll let you decide.
Would I buy your…