Eddie G. - I know it's tough, but you have to be patient. Going through 2 realtor companies is not the way to go. You need to be patient, listen to the experts and be open to any ideas they may have. Lynn is right on when she says you should consider listing with a Realtor again. You need the exposure that they offer. I don't know which companies you had, but I can say that the Bigger companies do offer more exposure than smaller shops.
When I go on a listing presentation I try and educate the sellers so they understand everything that is happening in the market today and what to expect over the coming months. You mention that your home has been listed for over 9 months with No showings and No offers. Just by using your feedback, I can tell you without even seeing the home that price is clearly an issue. As Jose mentions below... "when your price meets the level of the buying populace in your area, your house will sell".
How does it look online and in person? What does your property say to buyers?
- same as the others
- or , wow , we need to put an offer on this property - it looks like home.
Have you considered having a home staging consultation to finfd out what buyers think?
Over 85% of buyers search online before visiting a listing, does your's stand out in the online photographs?
We specialize is marketing to fast track sells. If you would like to learn more contact us at firstname.lastname@example.org or visit our site at http://www.realtyempire.net
Joao Mercado 786-367-3818
Please send us information on your house as this link does not work. Although offering a commission of 3.5% does sometimes help, as others have mentioned, the marketing and PRICE are way more important. You say that you have it priced 20% below comps, but I would like to check this out. I have seen many homes very badly marketed, but when the price is right, people still make offers or at lthe very least the house gets shown.
Mr. Ted Kennedy went to a professional brain surgeon to get his brain tumor operated (he was still in surgery at the time of this writing). Similarly, buyers and sellers should visit with a professional when dealing with real estate. However, not all professionals are made equal. There are good, bad, mediocre and excellent in every profession (even in the oldest of professions), and because of this fact, one must use common sense and listen to the advice of their trusted professional once chosen.
Based on some of the remarks, there may be some TLC or neglect that if addressed, would make the home more appealing, starting right at curbside. Curb appeal will get a potential buyer in the door but it will NOT get you an offer if you are overpriced.
Paying a commision does not guarantee a Realtor showing if the home is overpriced either. The money we receive will not buy us the ability to sell an overpriced property to a potential buyer. And for us, No sale = no $. So, you could offer 10% but, if the property is overpriced...it'll sit and your frustrations will grow.
Are you looking for property to move to as you try to sell yours? If not, perhaps you should start and see how your mind shifts when you are the buyer with respect to what you are looking for in your next home and what price you feel you're willing to pay for it.
Similarly, potential buyers are looking at your house with similar critical eyes. Get out of the house and visit every FSBO available in your area and every Open House you can. Compare notes, see what others are offering for their asking price and you will quickly develop a sense of where you are in your offer price.
Based on what you are offering and the lessons you learn, would you buy your house? If not, it's time to consider another strategy.
Today, we are in a Price and Beauty Contest. No question about it. Which is the pretiest house I can buy for the least amount of money I can get away with?
Hot properties in this market sell in days or weeks. The rest, seem to sit for what it seems forever. If you'be been trying to sell for 9 months with few showings or just Realtors looking for a listing or Investors (seasoned or newbies) looking for a bargain, then perhaps you need to consult with a professional.
Also, if your property has been on the market (specially if improperly priced) for 9 months and you've already gone through 2 Realtors, then it's time to gather the lessons learned and find a no-nonsense Realtor who will show you how they will get your house sold if you follow their advise, and if you then follow it, regardless of how painful it may seem. If you are drawing a posture or an imaginary line in the sand as you read this, then you need to reevaluate your motivation to sell.
Remember to also consult with a decorator or staging professional. I'd be happy to offer you contact information on a couple I've used, but a Realtor should be able to give you unbiased, objective feedback...IF YOU ARE WILLING TO LISTEN.
Weather you like what these pros have to say or not....who's the brain surgeon (real estate professional) in the mix? If that is not you, or the person(s) now giving you advice, then perhaps it's time to take notice, get humble and listen to what these pros have to say.
Start by seeing your house not as a home but as a piece of property you want to sell. As most car sellers would do, they clean up the car and shine the wheels before every showing for maximum effect. You must do the same with your house.
It's like buying an expensive pair of shoes at Saks or Bloomingdales then finding the same pair of shoes at Ross or Marshalls. Nothing wrong with the latter, but you'd surely not pay Saks prices for that pair of shoes at Ross.
If your home is not in tip-top shape, this must be reflected in your offer or asking price. Specially if nearby homes compare better at a similar or better price. Comparables must be evaluated for both, sold homes and active, for sale homes (yes...including those pesky short sales and foreclosed/REOs).
Get some statistics. My board (RAMB) publishes some and they can be found at http://miamirealestateking.com/9404/dsp_agent_page.php/48898 Find a Realtor who is a member of a board that is very Realtor intense in the way of providing their members with great benefits such as the ability to publish your home in up to 13 languages so that buyers from whereever they may come can comfortably learn about your home. If you can't do that, then you are competing with those of us
Otherwise, you may contact a Realtor for a confidential and complementary consultation.
I would start by pressure cleaning your roof. This would "revamp" the curb appeal of your lovely home. It would also show anyone that might be looking that you care and maintain your home. Why would anyone pay half of a million dollars for a home now-a-days? Simple, because there is "VALUE" in the property. That just might get some people in the home...oh, and the price is some thing that your might what to consider. I have sold homes with great "Dramatic Pricing" call me and I will expain that to you.
Have a great day!
It is very important as a seller, to evaluate the question Why I'am selling? If you need to relocate, or if is non recourse to sell your home, face the current market conditions. Pricing and marketing is the key of getting offers ,negotiations and have your property SOLD!!
Contact me at your earliest convenience!!!
You also MUST be in the best possible showing condition you can, and be available to do showings, qualify buyers (make sure they are pre-approved) and negotiate skillfully. In other words, as Lynn said, get listed with a good, aggressive broker, and the right agent, who knows the area.
Feel free to contact me any time.