This Week's Hidden Gem

This week’s deal of the weak is a 4 bedroom/3 bath home sitting on a half acre lot! This beautiful Mentor home features:

• Renovated kitchen with new cabinets and granite countertops!

• The kitchen walks out to a larger deck with a view of the beautiful yard.

• 2,500 square feet plus a full unfinished basement for storgage

• A $10,000 price reduction!

If you’d like more information on this home, hit reply to this email and we’ll get more information to you! Or you can call/text us at 440-306-7835!

Lake County Market Snapshot

Over the last 7 days, there have been 35 new homes listed for sale in Lake County. The average new listing has 3 bedrooms/2 baths and is 1,723 square feet.

The average initial list price for all 35 homes is $301,741, which is around $178.84 per square foot. This pricing is high based on recent comparable sales.

During this same period, 38 homes sold in Lake County with an average sale price of $227,468.

The average market time for the 38 homes that sold in the last 7 days was 39 days. The average sale price per square foot was $155.27 per square foot.

Speaking of home sales…

WARNING: $12,457 LOST When Home Sales Fall Through (and Why 13.4% of Sellers Just Lost Their Buyers)

Last week, while another agent’s listing on the same street sat unsold for 109 days, we generated:

• 50 showings in 5 days

• 14 competing offers

• Sale Price: Significantly above Zillow’s estimate (Final price to be revealed after closing)

Meanwhile Redfin reports… roughly 52,000 purchase agreements were canceled in March, the equivalent of 13.4% of homes that were sold that same month. It is the third highest March level of canceled home sales dating back to 2017.”

That’s 13.4% of sellers watching their deals collapse - and their costs mounting.

But our last three listings?

• Combined $127,400 OVER list price.

• 121 buyer showings

• 27 competing offers

• 100% close rate

• Average of $42,266 above list price per home

The difference?

Our proven 5-Day Method that forces buyers to compete - NOT negotiate.

The REAL Cost of Choosing the Wrong Buyer: $12,457

When your sale falls through, here’s what it actually costs you:

• 2-3 additional mortgage payments: $2,400 to $3,600

• Utilities: $600 to $1,200

• 3 to 7% price reduction: $7,500 -$21,000

• Lost time: 45-60 days back on the market

• Missed opportunities: Priceless

• Possible missed opportunities on your next purchase.

Now, if we really think about how to protect against this happening to you, we can see that there are really only two options:

1. Cater to your buyer… by agreeing to whatever they request. This might be the right option unless they ask for something unreasonable, which happens more than you would expect.

2. Have several backup buyers hoping to get a chance to buy your home. Would you have to cater to your buyer hoping they don’t walk away if you had several other buyers ready and willing to buy your home?

No, you wouldn’t, which is why our 5-Day Method for selling homes is so powerful.

Our listings ALWAYS have multiple offers!

Why is this so important you might wonder?

Because you will be in a position of strength for the entire home sale process. If your buyer ends up making an unreasonable request (repair or price reduction), you’ll be able to say NO because you’ll have several other buyers hoping your home sale falls through.

With 13.4% of home sales falling through, our 5-Day Method has maintained a 100% close rate above-list prices.

With our most recent listing, several buyers wanted our seller to accept their offer as a backup offer to make sure their offer was next in line if the initial sale fell through.

Yes, this stuff isn’t fun to think about before listing your home, but it’s very important because of how costly it can be to have your sale fall through.

What most real estate agents won’t tell you - every “regular” listing has a 13.4% change of failure.

That’s nearly 1 in 7 sales collapsing.

Our 5-Day Method? - 0% failure rate.

Why?

Because we don’t just find ONE buyer for your home! We create a FRENZY over your home with multiple BACKUP offers above list price.

The best part about this is that buyers compete UP, not negotiate DOWN.

Why Most Agents Can’t Deliver These Results…

Simple: They don’t have a system. They just list and hope.

Our 5-Day Method in engineered for ONE outcome:

MAXIMUM PROFIT THROUGH
CONTROLLED COMPETITION

Here’s how it works:

• Strategic Thursday listing release

• 5 days of concentrated showings

• Real-time offer visibility

• Sunday/Monday deadline for offers

• Multiple backup offers

But here’s the catch:

We only accept 1-2 listings per month.

Why?

Because delivering an average of $42,466 above list price requires a massive amount of work on our end.

Is your home a candidate?

Requirements:

• Withing 30-minutes of Willoughby

• Valued between $150,000 and $750,000

• Ready to move within 45 days

• Committed to maximum profit

Click here to see if your home qualifies for our May slot:
https://northeastohioliving.com/apply

Best,

-Rob & Kate Minton
eXp Realty

P.S. Our 5-Day Method is so powerful we set a record sale price with a smaller “hard-to-sell” two bedroom, one bath home in Eastlake. You can see all of the details including the offers on this home here:
https://northeastohioliving.com/recordprice

P.P.S. May’s listing spot is currently open; however, it may be claimed soon. Click here to see if your home qualifies