I see from your profile that you are a real estate agent. I'm assuming you have your own house listed for sale but not getting any showings?? Did you list the house yourself? If yes, here's my input (since you asked for it) as you know when we sit down with sellers, sometimes we don't see eye to eye on pricing. Its typical behavior for a seller to think their house is worth more than the one that sold down the street. Perhaps you should have another agent in your office or maybe even a colleague from another office take a look at the pricing to be sure it is priced properly. Also what's the days on market there? Are houses moving? Are they comparable to your house?
What would you tell one of your sellers if their house wasn't getting any showings? If the house is getting the proper marketing, to reduce the price I would assume.
On another note, I would maybe remove this question and re-ask it in agent to agent. It's just my opinion that if I was a potential seller and stumbled across this post, I may hesitate before calling. There's nothing wrong with asking opinions of other agents -- I've learned plenty from my fellow agents but I may not always want the public to know.
Good luck with the sale of your home,
Gina Chirico, Sales Associate
973-575-6353 ext 17 office
Century 21 Hearst
Upon your listing expiring, please contact me if you need assistance at that time. email@example.com
Make sure your description is different and inviting so all family members can see themselves in the backyard, on the front porch, entertaining, man caving, etc. Offer seller's assist. Advertise financing, if your home is in a USDA area or qualifies for Smart Start, say so (but be sure to explain what it is, sometimes buyers or agents don't know). Have a professional stager come in and take professional pictures. Buyers buy "pretty". If you haven't already, pay the extra dollars to ensure you get the most pictures on Realtor.com. Ensure you have the most pictures on Trulia, Zillow, Frontdoor, etc.
Hope that helps.
Good luck to you,
Unwavering Commitment to Service
This seems to be a common problem around every state city and town. I just posted this same answer for a similar question.
There was a time a buyer would consider Location Condition and price. Today it is price price price. http://www.larrysarlo.com/remaxnj/modules/agent/agent.asp?p=
The pressures of distressed sales has hit every road avenue and court in the USA. There is little we can do about it but if you do not want to lower your price it will sit until you find a buyer who will want to pay a premium for your nicer home. The amount of buyers out there are sparse also. At one time you could get 30 showings per month today we are looking at maybe 10 and you have to do what it takes to capture those buyers interests. Reel them in. or they will go down the street.
Daily Real Estate News | April 12, 2011 |
Avoid Sellers' Worst Mistakes
In a buyerâ€™s market, sellers have little room for error when putting their home on the market or they risk having their property linger. Sellers should take caution to avoid the following common traps, according to a recent article at MSNBC.com.
1. Overpricing the home. Home values have dropped considerably since its peak in 2006, but sellers still are often tempted to list a home based on what they paid for it. Eventually they realize their error and have to reduce their price, sometimes several times. In the past month, 23 percent of homes listed for sale on Zillow have reduced their price.
2. Relying too much on just comps. Size up your competition currently on the market, not just the homes that have already sold. Evaluate homes with a listing price similar to yours to see how well yours stacks up against the competitions and how you can differentiate.
3. Failing to take into account the homeâ€™s web appeal. Photos are key when marketing a home online. Be sure to include lots of high-resolution photos of the interior, including of the areas in a home that buyers most care about, such as kitchen, living spaces, and bathrooms, experts say.
4. Hovering during showings. Sellers certainly shouldnâ€™t be home for showings, but as a sellerâ€™s agent, either should you. Lurking sellers or seller agents may make buyers nervous. Other real estate agents often want privacy with their buyers so they can gather true feedback about the house.
Source: â€œSix Common Mistakes That Home Sellers Make,â€ MSNBC.com (April 11, 2011)