BEST ANSWER
FIRST ANSWER
Hi Alison: I am going to assume you are the listing agent of this property? Price reductions can only be one part of getting an offer on this property. You are dead in the water with the seller's lender until you have any offer. With over 80% of buyers online, EXPOSURE is key to selling the property. Evaluate how many and which websites on which the property is being marketed. Make sure you have as many good quality photos on the listing as possible. Also, grassroots marketing and networking is back. Try door knocking (ask the neighbors if they know anyone interested in moving to the neighborhood), open houses, etc. There are LOTS of buyers out there ready to buy - you need to be sure they are seeing this seller's house. Finally, are you getting lookers, but no offers? Re-evaluate how the property looks in person and in photos. Clean up the clutter, put on a lockbox instead of "appointment only" showings. Don't worry about hurting the seller's feelings. It's time to get really honest with them if something needs to be cleaned up. Follow up with every agent showing the property for really honest feedback from their buyers and let your seller's know their concerns.
The home is not really in short sale status with his lender until you have an offer. You need an offer (even if it's a low one) for the bank to start their review process.
I specialize in short sales in Las Vegas. There is no special program for military families that will bail them out. You simply need an offer for their lender to review. Please let me know if I can be of other assistance.
Best of luck,
Nichole LaVigne
Prudential American Group Realtors
702-544-4022
nichole.lavigne@gmail.com
Fri Jul 10 2009, 20:58
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