Bonnie Wicks Bertalot
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June
10

If we were sitting across from each other at a restaurant, sharing a meal and talking about real estate, there is something I would tell you that might surprise you.

Not every home that sits on the market has a bad Realtor.

Not every home that sits on the market is overpriced.

And not every home that sits on the market has something wrong with it.

Recently, I went back through my own listing history and looked at the homes that took longer to sell than average. I expected to find a common mistake. Maybe poor pricing. Maybe weak marketing. Maybe condition issues.

What I found was something entirely different.

Most of those homes had a story.

One seller needed a certain amount of money from the sale because they were trying to buy another home. The challenge wasn't what the house was worth. The challenge was that what they needed and what the market was willing to pay were two different numbers.

Another seller had a beautiful home with dark cabinets, dark granite, and black appliances. Everything was in great condition. Buyers repeatedly called it "dated." Looking back, the issue wasn't condition. It was perception. Buyers were comparing the home to newer construction and mentally calculating renovation costs before they ever made an offer.

I sold a property where the home itself wasn't the obstacle at all. Buyers were uncomfortable with the amount of technology inside. Cameras, voice controls, automated blinds, automated lighting. The seller saw convenience. Some buyers saw complexity. A few even found it unsettling.

Then there were land sales.

Those can be some of the most challenging transactions in real estate because buyers aren't purchasing what exists today. They're purchasing what they hope to create tomorrow.

I had one lot where wetlands dramatically limited the buildable footprint. Another where buyers worried a future home could block the lake view. Those concerns weren't things that could be repaired or staged away. They were realities buyers had to accept before moving forward.

I also had a listing that went under contract and then experienced flooding after a major storm. We disclosed what happened, the buyer walked away, and suddenly we were marketing a property with a completely different set of facts than before.

What I realized after reviewing all of these transactions is that extended days on market often have very little to do with marketing and a lot to do with expectations.

Sometimes sellers focus on what they need from the sale.

Sometimes buyers focus on what could go wrong after the purchase.

Sometimes life happens in the middle of a transaction.

Divorces happen.

Health concerns happen.

Job changes happen.

Financing falls apart.

Storms happen.

None of those things show up in the MLS statistics.

The number of days on market doesn't tell the whole story.

If I could offer one piece of advice to homeowners preparing to sell, it would be this:

Separate your financial needs from your home's market value.

Those two numbers are often different.

The market doesn't know what you owe on your mortgage.

The market doesn't know how much you spent on a swimming pool, a generator, a fence, a driveway, or a renovation.

The market only knows what buyers are willing to pay today compared to the alternatives available to them.

The second piece of advice is this:

Listen carefully to buyer feedback, especially when you hear the same thing repeatedly.

If ten buyers tell you the kitchen feels dated, they're probably not all wrong.

If multiple buyers express concern about technology, a floor plan, a view, or a repair issue, that feedback matters.

You don't always have to fix the problem. Sometimes the better answer is simply adjusting expectations and pricing accordingly.

After nearly ten years in real estate, I can tell you that some of the most successful transactions I've been involved in weren't the ones that sold in a weekend.

Some took patience.

Some took difficult conversations.

Some required sellers and buyers to work through fears, assumptions, and changing circumstances.

In the end, nearly every one of those homes found the right buyer.

The challenge wasn't selling the property.

The challenge was helping everyone involved understand what the market was trying to tell them.

And honestly, that's still one of the most important parts of my job today.

Bonnie Wicks, licensed as Bonnie Jean Wicks Bertalot, is an Associate Broker with Carolina One Real Estate serving Mount Pleasant, Charleston, and surrounding Lowcountry communities.

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