I truly believe that my condo is priced correctly for this area - I am located in NE Columbus 161-Ponderosa area. I started at $79,9 and have lowered the price several times and am now at $78.9. So I do not feel price is the issue - it is exposure.

Thu Jul 24 2008, 19:00

Just move on and get another real estate agent. Chances are that you can find a better agent. If you try to have a heart to heart with your agent, you will probably just put them on the defensive which will make them work even less for you and waste more of your time.

Wed Jul 23 2008, 16:48

Jd you can terminate them,and use an experienced Realtor that will.Where are you located.

Thx,

TJ

Thu Jul 17 2008, 06:50

Keith and the KW realtor -- where does this 80% figure come from?

Thu Jul 17 2008, 00:02

Hi JD,
I can feel your frustration.... as you may well know that 80% of marketing is pricing your home right. Give your Realtor a call and go over the marketing plan that he/she has for you. If you have any ideas or concerns talk it over with them first.(Communication is the key) Im sure that they will be open to any questions or concerns that you have, and would like to know how to better serve you!

Mon May 19 2008, 09:32

JD
in many market both Realtors and sellers are frustrated with homes not selling. The fact is that 80% of selling a property is getting the right listing price. The rule of thumb is that you need to be +/- 5% to be "in the ball park", so that is 2.5% down, or 2/5% up, so on a $200,000 home that is $5,000 up, or $5000 down...a pretty small margin for error.

There are a couple of reasons for this:
2. Buyer's shop in price ranges. There is a big difference between pricing a home at $195,000 and $205,000. Many buyers, who might make an offer, will never see the $205,000 home becaue their Realtor won't see it.
3. Setting the Seller's expectations is key to a successful process. If you knew that the average was 12 showings equal one offoer, in a slow market it could take 20-30 showings, then having your property shown by a Realtor is key. Homes that did not have "showing activity" in the first two weeks are over-priced.

I tell my sellers if we do not have 10-12 showings or 1-2 ofers in the first two weeks we are adjustingn the price.

Marketing is the other key. The Realtor's job is to expose the features of your property in a way that Realtors will pick up on the best selllig features easily. I remember a house once that had one photo on line. When I went to see it in person, it was much better than the one photo showed.

Look for your property on line, ask ti see a hard copy of the MLS printout so you know what your Realtor is saying.

How many homes, like yours, have sold in the time that yours went on the market? I provide my clients with weekly market updates so they know new properties on the market, price reductions, sales, etc.so we can adjust. Pricing a home is not a one-time decision. Pricing changes based on the market conditions.

Sit down with your Realtor, ask them what their plan is to get your home sold.

Good luck.

Wed May 14 2008, 09:59

Discuss it with the Realtor. You can talk to another Realtor, as well. Most Realtors will be very cautious with this. It is not good to interfere with your Client Relationship. But you have the right to search around after discussing it to see if your best interest is being served.

Good Luck, and Good Sellingt!

Wed May 14 2008, 07:24

JD you can cancell agreement,If you feel they havent used all the tools,Open house,flyers,assoc tour etc...I mean if they are doing all these things and more,plus giving you feedback on price etc... then thats an option.

Regards;

TJ

Wed May 14 2008, 07:00

Jd, the previous answer is right on target. Just make sure you can find your home on the internet. 85% of buyers start their home search on the internet and you want to make sure your home is there. Realtor.com is the most popular internet site to search for homes as well as your local realtor board site. Much of what realtors do is not even seen and print ads are one of the least effective ways to market your home.

Wed May 14 2008, 06:00

The first thing to do is have a heart-to-heart with your Realtor and express your concerns. Find out exactly what they have done, and what their overall marketing plan is. The truth is that a large part of what Realtors do to effectively market property is somewhat "invisible" to their clients - the networking with past clients and contacts, presenting the property to other top Realtors, making direct contact with potential buyers - all this can be very successful marketing, but the sellers can't actually see it happening. Please don't judge marketing efforts by print ads alone, which is one of the only things sellers do "see". Ironically, it is one of the least effect marketing tools Realtors use. Perhaps your agent is aggressively marketing your home, and they have not been good about letting you know what they are doing.
After your conversation with your Realtor, if you are not satisfied that they are doing all they can, you should speak to the broker of the real estate company that has your listing. They will want to hear your concerns and may have some solutions to offer - they may even transfer your listing to another agent. Rest assured that brokers want to sell your home, and they want you to be a satisfied client, and they need to know if they are falling short of your expectations. They will do everything they can to make things right.

Wed May 14 2008, 05:29