Home Selling in Stafford>Question Details

Shannon, Home Seller in Stafford, VA

Before putting the house on the MLS, we advertised through a Militarybyowner web site...which is where the

Asked by Shannon, Stafford, VA Sat Apr 19, 2008

potential buyer saw the home. She had looked 8 days before seeing our house and said ours was the best she had seen. Her realtor started writing up contract...then the buyer decided to hold off for the moment.

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Thank you everyone who answered my questions....we sold it in 36 DAYS!! I just needed to be a little more patient. We did use a discount broker...getting on the MLS and Realtor.com was KEY! We did have a unique property and I staged it well. All the showing feed back was very possitive. We lost the first potential buyer because her daughter didn't want to live in a 100 year old home...We have been very blessed!! http://www.iggyshouse.com #187814
0 votes Thank Flag Link Thu Jun 5, 2008
Shannon, It is important to be in the system. The most effective and efficient way for a serious buyer to find the home of their dreams is through a Realtor. The Realtors have established a common listing service which they subscribe to and access regularly. All the perameters are spelled out, who represents who, when the house can be shown, what the asking price is, square footage, room sizes, tax records and more. The reason it is done this way is it works! If you are not in the local listing service your home requires more effort to be known and shown. Special arrangements must be made for showing, Special contracts must be signed to secure the asking price and agreement for services. With exceptions, comes confusion which is time intensive and with the abundance of properties on the market it appears, most often, that no one property is that valuable. Buyers have lots of choices and so your goal is to be easy to show, and of good value! A Realtor will help you distinguish what sets your home apart from the crowd! Most importantly price well and be patient. There is no good market or bad market it is just "the market". It is possible to sell and getting professional assistance is recommended.
0 votes Thank Flag Link Thu Jun 5, 2008
Did you contact the agent to discuss what the buyers objections might have been. Was it strictly cold feet, financing or pricing? Getting a better idea of the issues can help you work through the objections and perhaps get your home under contract. If you are now on the MLS with an agent they may be able to get back in touch with the other agent and work it through. Good luck!
Web Reference: http://varealestatetalk.com
0 votes Thank Flag Link Sat Apr 19, 2008
Shannon
This gets back to your previous question about not being able to sell your home.
The current market in most places is a buyer's market, so the buyers have LOTS of inventory to consider, and changing market conditions. We don't know WHERE the market is going tomorrow. Proper marketing (including asking price) should produce showings and offers in the first two weeks of market time. If not, then reduce the price. (assuming marketing, preparation, and property condtion are normal).
0 votes Thank Flag Link Sat Apr 19, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
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shannon, it is very commom for home buyers to get cold feet right now. I realize that this could be very disapointing for you and your family. I would suggest you find a great agent in your area and get the home on the market with them. Your odds of selling your property will increase! By the way stay on the military site and add craigslist and any other free posting spot you can find, the more exposure the better!
good luck
agent - leanne
0 votes Thank Flag Link Sat Apr 19, 2008
Shannon,

Now that we are in a buyer's market and there are so many homes to choose from, buyers are getting overwhelmed. It is taking them longer to make a decision because they think that if they wait, another even better home or better deal will come up for sale tomorrow - or the price will be reduced in a couple of weeks. And with so many homes for sale, they don't feel any pressure to move quickly on a home that they initially like because they can always find another one if that one goes under contract.

Location, condition and price are still key to getting your home sold in this market. An agent can help you position your home for the best possible results.

Wayne
0 votes Thank Flag Link Sat Apr 19, 2008
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