There are less buyers during these next few weeks in real estate but many less sellers as well because they chose to take their homes off the market. If you are serious about selling your home, (With the right marketing and exposure to drive traffic to your home) these next few weeks could be the key. I just sold one on a main road that had been on the market for six months with another agent and I delivered 3 offers to the seller within 10 days. In the end the seller accepted their full asking price from a buyer that waived their inspection AND had the ability to close in just ten days. While that is almost unheard of in this market, there are very serious agents out there that do work through the holidays to help sellers get their homes sold.... more
This is hard to answer without knowing what the average market time in your neighborhood was when you listed your home. Did your agent review that statistic with you? In many metro detroit communities it is about a 7 month average to successfully get a home sold and closed. I would say that if your agent has done what you are happy with in terms of keeping you in the loop and doing everything that she said she would do (As long as you know that a full blown marketing plan which will give your home total market exposure) is taking place how can you blame her for external factors and NOT extend the listing after she has put time and effort in for 6 months. Is your home price 2% below the competition? Have other homes like yours sold during your contract period?
These are all questions you should ask yourself before deciding on extending or terminating.... more
If an agent tells you that they are going to get you an email each week with the website activity then does not do so, I would put them on the spot immediatly.
Actually speaking with a showing agent live and trying to get feedback is a tough one. You see, many agents work between the hours of 8 AM and 8 or 9 PM. (That is not to say that they are working 13 hour days.) This is simply to illustrate that it is tough to know every agents schedule or when it is best to reach them for feedback. In addition, some agents really do show 5-15 properties at a time and it is hard to devote an hour or more to call every listing agent back to let them know that the buyer is interested or not. (I can tell you that as far as feeback goes, no buyer feels responsible to let a seller know exactly why the will or may not buy their home. In part because a buyer may have decided to keep looking.) Buyers don't always look at homes and say... "Yes, I want to buy this one or No, this is not the one." Many want to see 20-30 or 40 homes before even thinking about making a decision.
The loudest feedback a seller can receive is an offer or NO offer. AND a an abundance of activity or no activity. The lack of activity is your feedback to add more amenities, square footage, or lower the price. Buyers are only looking at homes that on paper (Their printouts) are obviously priced fairly. Once they view a few homes, they will determin if they want to go back to any for a second look at any of the ones that they have already seen. Sometimes a buyer needs to see more in order to really get the picture that your home is a true value. Once they look at other homes... if they don't come back, they may have found a better value somewhere else. It's best to price your home approx 2% below your competition to get a good amount of traffic.... more
Not really at least here in Ann Arbor. We have a co-op that is tough to sell in because they have a blanket mortgage that is on top of the sales price. That occured when the management company converted them to co-ops so buyers need about 10,000 to get in. A condo is a little higher in price but you can get in with certain loans. NOT every lender can finance co-ops because of the sale of stock not warranty deeds. You have to work with their lender so you pay more in fees etc.... more