I admire your gusto and commitment to selling your home. It is gutsy to give your email information to a forum of mostly Real Estate Agents. I have a different take on your predicament. I have at least 4 calls a week from prospective sellers wishing to sell there home. The question you have to ask yourself is â€˜do I want or need to sell and whyâ€™. There are 1,000â€™s of great reasons to sell your home in this market. If you are going to buy another home this is one of the best reasons, you sell and buy cheap.
When you are going to look at home are you going to surf zillow.com or trulia.com or realtor.com or 113 more.
Probably not youâ€™re going to call an agent. That is what your buyer is going to do and if you are not on the MLS you will miss that buyer. Prescott has 1 out of 100 selling right nowâ€¦ what will you do to make your home stand out?
Pictures, Marketing both web and paper are good, but then what?
In any marketing class your will be taught that 85% of all marketing is price. It is truer today in the real estate market than ever. The information is out there and as you can tell from zillow.com or trulia.com the information doesnâ€™t need to be accurate to give your Buyer a perception of value. I am not saying that this information is not accurate but more that it doesnâ€™t matter. Perception is more important than accuracy. So if the perceived value on zillow.com is 241,000 or ranged 192,800 - $255,460 with the market decreasing by -$12,500 every 30 days as of 07/02/2008 that is realityâ€¦.
There is no real estate agent that will overcome that reality. It usually cost more to keep trying to sell than selling in a down market. Time is your enemy, the longer you try to sell the less your home is worth.
That being said if you want to sell. I mean really want or need to sell call a Realtor, get your price right and sell. If you are hoping to sell keep doing what you are doing, eventually it may work.
Now is a great time to sell your home for the right reasons. If I didnâ€™t believe this I wouldnâ€™t be in business.
Hope you do well in what ever you decideâ€¦.
Search on your own http://www.theprescottmls.com
This question is 6 years old. I did some research to see if I could learn a lesson.
What we have is a FSBO (for sale by owner) in Prescott, AZ with an owner willing to pay an agent 3% for bringing a buyer + $1,000 bonus. This is a pretty good deal if you're an agent with a buyer in pocket. Many home owners believe this is the best scenario to get them the most money. Offer the property for sale to everyone and pray they get a buyer. I see this more and more. The outcome however, may play out very, very different.
What appears to have happened.
The question was asked in Jun 2008, in August of 2008, the property was listed with an agent at $259,000. The property was adjusted to $249,000 one year later and expired (it never sold.)
One month later in September of 2009 it was listed with another agent at $224,000. Expired Feb, 2010.
Listed with the third agent in Feb 2010 for $199,000. ($90,000 less than originally asked) Again, it expired. Not sure if it ever sold FSBO after that.
It went on the market again Feb 2014 at $165,000 and is still on the market at $150,000.
The home is cute. Built in 1971. It's site built but in a neighborhood dominated by MFG homes. Homes were selling in the same neighborhood (built in 2004) for $209,000 in May of 2009. So how did we go from $289,000 to $150,000 with 3 expired listings totaling 787 DOM?
It's called the "market". Believe it or not, home-owners do not set the value of their home, the market does. What makes a home worth more than its competition? Age, Location, Care of the home, Upgrades, Views, Acreage, Proximity, and...Desirability.
Finding an agent who will market your home effectively is the key to selling it. However, if your price is too high, you won't sell it no matter what you offer as an incentive. Relying on your agent to give you the best advice is what will sell your home. If your home isn't selling, either the agent isn't marketing it, or it's priced too high. Take your pick.
The lesson an commitment I take from this: I market all my homes with expert photography (every home), aerial photography (if necessary), social media channels with professional graphics, local newspaper ads, postcards, flyers, media, Craigslist in 29 different cities, and global data feeds that I built myself to syndicate listings on every continent. I also list all my properties in the Phoenix MLS, giving my clients exposure to over 40,000 agents valley-wide. BUT!!! None of this matters if the house is over-priced.
Moral: Listen to your Realtor.
Anyway, the straight forward answer to your question is most likely not. Consult a Realtor in your area, then decide if you can afford not to hire one.
Sorry, I missed your post; I have had an awful cold. Legally we canâ€™t openly discuses commission as a set amount is violates anti-trust law. Hope all goes well and you have a successful sale.