Home Selling in 13601>Question Details

Paul, Home Seller in 13601

house has been on market for 47 days. My agent has asked us to drop the price but not sure how low we should go.

Asked by Paul, 13601 Wed Jun 29, 2011

we havent had no one look at the house from the inside. Theres people thats looked on the outside we knew the roof needed fixed so we have done that. Its close to ft drum we dont want to drop price to low but we really need to sale it. if we had people look inside then we would have a better idea what we are doing wrong.

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I agree, not enough info but I would definitely recommend that you speak with your agent and get a game plan with them so that you know and they know that your goals are. Best of luck!
0 votes Thank Flag Link Fri Apr 5, 2013
Mr. Tadbit and Mr. Carney give great answers below. There is certainly not enough information in your question to determine what the issue is with your house not showing but the fact that it is not showing is a sign that something is wrong. It could be the price is too high for what the customers are seeing but that does not necessarily mean that the the price is too high. It could mean that your home is not being showcased correctly. I have seen enough listings with poor pictures to know that this can easily be keeping customers away. It is also possible that the write-up in the listing is weak. It could be that, as Mr. Carney points out, your home is not being marketed in all the ways possible. It could be that your agent does not know how to tell you something that they need to tell you, like the house needs to be uncluttered or cleaned. Your agent should perform as part of your staff. A good staff member will be honest and give you the best advice possible even if it hurts your feelings a little bit. This is hard for some and rarely easy for anybody but the bottom line is that itis our job to present your house in the best possible light and get you the mmost money we possibly can for your home.

I hope that helps.

barry

All American Real Estate
Black River, NY
35-767-4651
0 votes Thank Flag Link Fri Nov 2, 2012
Remember you have to have a price that attracks buyers to view your home...a comparative market analysis will show you what other homes in your area have sold for in the past 12 months as well as what your competition has their homes priced at...best wishes on your sale.
0 votes Thank Flag Link Fri Jul 13, 2012
Wait Stop, ask the Agent to show you the marketing plan, is there anything we can do before we go dropping the price.
How many Open Houses have you had, how does the property look on line in realtor.com, on here in trulia, in Land & Homes, in the local paper, on Craigs list, and other media outlets. Offer an extra 1% on the commission to aid in drawing more buyer agents. Let's say you agreed upon a 6% commission with this agent, it should be split 3% sellers agent, 3% buyers agent, make sure they didn't actually go 3.5% Selling and 2.5% buying agent or you are less attractive for Realtors to bring buyers to! I am assuming it is a 50/50 Split and that you request that they put an extra percent to the buying side to draw more MLS interest. But before shelling out more money, which is what price reduction or commission incentive is, see that you agent is actually marketing the home, doing more than putting it in the MLS, if they stink it is time to get a good agent
0 votes Thank Flag Link Wed Jun 29, 2011
Hi Paul,

Have your Realtor do a current Comparative Market Analysis (CMA) using Sold comps within a 1 mile radius of your property (the closer, the better) that have Sold within the last 3 months. This will give you market value and you can base your listing price based on this.

Shanna Rogers
SR Realty
http://www.RealtyBySR.com
0 votes Thank Flag Link Wed Jun 29, 2011
If your house is clean and uncluttered then you should ask your agent how they are advertising the property. The more people that see your home is for sale, the better chances you have at finding buyers to come see your property. Take a look at other homes in your neighborhood and see what they sold for and adjust the price for your home accordingly. Your agent should help you with this and give you some advise that will help. Good luck!!
0 votes Thank Flag Link Wed Jun 29, 2011
Paul,
No tours tell me there is something wrong. Price is a quick easy answer, but I always recommend all other avenues be reviewed first. Are you listing pictures clear and inviting. Buyers start online and if the pictures are dark, show corners of rooms or just don't make sense they are not going to take the next step and desire to see it.
Are the descriptions well written on the MLS and the flyers? Are these advertisements for your agent or your house? Again if the pictures aren't clear, bright and inviting and the descriptions don't paint a picture, no one will take the next step.
Is the exterior clean and welcoming or does it scream, work to be done? Cut the grass, trim the trees, and clean up the weeds and past trimmings. No one wants to buy someone else’s project unless they are stealing it.
If the general marketing is done well then price is likely the answer. Have your agent set up a tour of your competition. Take your blinders off and ask, is my home as attractive as these to the average person on the street. Fight the inclinations we all have to look past our own shortcomings are really take a good hard look.
0 votes Thank Flag Link Wed Jun 29, 2011
Keep in mind that if the pricing is off and not very competitive, you will be waiting a long time for visitors and offers; therefore listen to your agent, review comps--recently sold similar properties in the immediate area, and adjust accordingly--also remember that a home is worth what someone is willing to pay for it; it doesn’t matter what the seller needs or potential buyers can afford to spend, market conditions do matter as does the immediacy for a transaction to take place....do make sure your property shows well at all times, is neat, clean, clutter free and don't forget the exterior for curb appeal...
0 votes Thank Flag Link Wed Jun 29, 2011
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