Today here in Ohio the temps are supposed to reach a scorching 92 degrees, which I realize for some of you reading this isn’t too hot. For Ohio it is. Despite the heat many are still out having fun in a pool, at a lake, or even just relaxing in their backyard. Not my daughter. She has decided to open a Kool-Aid stand.
The Kool-Aid stand is a time-honored tradition of kids across our nation, and many entrepreneurs will tell you it was their first business. Like any business you have to plan. You have to calculate the costs of the supplies before you begin to sell. I’m teaching her good business today.
What I won’t have to teach her, for life soon will, is that just because it’s there and it’s hot does not mean someone will buy it. (I don’t really expect the teenagers that walk past our house to buy much Kool-Aid.) This is where real estate comes into the picture.
Your sellers have a fantastic house, the perfect setting, and no one is buying. It’s not the house or the setting. It’s outside factors that will affect the sales of both Hailey’s Kool-Aid and your seller’s home. It is all in what the buyer is looking for, what the price point is, and what funds are available. Your sellers will have to do something to make their home stand out above the rest. Below are some options….
- Lower the price
- Add an improvement that past prospective buyers said they would like to see at the price of the home
That’s about it. They can either improve the home or lower the price. And maybe Hailey will have to lower her price too!
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