Again, I know this is old, but its important. I'll probably write a blog post on it later today. There are only 2 reasons a house doesn't sell: 1) poor exposure or 2) bad pricing.
Since putting a home on the MLS, while certainly not the only exposure I give to MY clients homes, should be enough to rule out #1. So, that means the home is priced incorrectly. However, that doesn't mean you have to accept it. You can work together with a realtor and a contractor to find out what you can do to spend the least and get the most out of your home.... more
Was this person a REALTOR(R) or simply a real estate agent? If the salesperson is a REALTOR(R), meaning a member of the National Association of REALTORS, then s/he is required to adhere to a higher level of ethical behavior as put forth in the NAR Code of Ethics which prescribes a strong system of ethics complaint procedures for members of the public and other REALTOR members. Contact the local REALTOR association in addition to an attorney.... more
One of the problems with sites on the Net that only sell ads or just collect email addresses to resell, is that the info on their pages is often meant to cause you to provide your email and name for resale.
(see question: http://www.trulia.com/voices/qa/Taunton-Home_Buying-37-36368 )
Getting the info modified is not easy.
I'd spread the word to use actual real estate professionals' sites rather than ones where the correctness of the data is not as important as gathering and selling your name and email to the highest bidders.
(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.)... more
If you would like I can look up sales in your area to try to get a better idea on the value. A lot of clients that we have worked with found that the value might have been higher than they thought and we were able to put them into better programs than HARP. Call me when you have time to review.
Your original goal was to list at $149,000. You listed at $172,000. That is about 15% above your intended price. That is 6% above the 'absolute silence' threshold. Clearly you need no additional advise. That, however, does not mean I am done.
Be aware, only a willing buyer and a willing seller will reach an agreement on the purchase and sell of a home. My impression is you have experience in the real estate business and understand your margins as well as strategic value.
You may be well advised to review with your agent at least three strategies to get this house sold. If all that is offered ONLY involves lowering the price, you are then in a difficult position.
At this point you will need to rely on YOUR negotiation skills and your apparent understanding of your local market. If your home is indeed 'The Prom Queen' of all the comparable real estate, you can make that work to your advantage. Employ denial strategies to get all those buyer in the house TOGETHER! You'll know what to do from there. (Read Ron's paragraph 3)
Best of success in achieving your selling objective.... more