What is your list price to sales price ratio?
What is your marketing strategy?
If you needed to move a property in 30 days what would you add to your game plan?
What is the absorption rate?
Don't be afraid to ask them what is in it for you, and what is in it for them!
Don't throw good money after bad, and don't forfeit more time. I assume you are listed on MLS and Realtor.com from the 'Buy Owner" service. Your DOM (days on market) are counting, and you don't need to add to the count, nor take more time to sell your property.
Selling a property is so much more than an MLS lisitng. While MLS remains a backbone of how agents share data and look for proerties, it is not the end all to marketing a property. You need an advocate on your side, evaluating how best to position and market your property to generate showings and create an offer.
After you receive an offer, you still need your advocate in your corner to protect your best interests through the negotiations.
You should be able to termnate the listings with the Buy Owner service easily. For the most part, those services earn an upfront fee and have little interest in whether you sell or not. They have been compensated for the service of placing the listing in the locations they represented and have fulfilled their obligations. Sometimes a "buy owner" type firm will allow you to use one of their referrals and have your initial fee be applied toward the commisison. I seriously do not recommend that.
Find the best agent for the job, hire that person, and chalk up the current situaiton to experience.
Interview at least 3 agents. Focus on what they are going to do to market your property, with emphasis on the internet versus print.
I would contact my family and friends, inquire with my neighbors, and see what agent has sold recently in my neighborhood......
You have just fallen into the 89% of Buy Owner clientele who have found that this process can not only be daunting - but that you are out there all alone.
A Real Estate Professional has a fiduciary responsibility to serve their client and keep YOUR BEST INTEREST in mind at all times. This is why we do what we do. Once you are a client we have a responsibility to you and you only.
We put your needs before ours and never divulge your personal confidential information to anyone - most especially a buyer interested in your home.
We are here so you don't feel alone and we negotiate for you because that's what we are trained to do. We go to great lenghts (and personal expense) to market your home for maximum exposure.
This is why I have always worked with an agent when selling my homes - I enjoyed it so much so that I know sell others!
Sorry about your experience. But it doesn't have to mean you give your home away just to get it sold either. Ruth is correct about taking it off the market long enough to have the 'days on market' clock reset. It will appear as a new listing on MLS - generating new interest. (I still think she would make an excellent agent:))
Do a little research and find three brokers to provide you CMA's. Ask them to price it to SELL. Cover your bases and assure each agent that you won't be selecting one based on their suggested list price, but by the marketing plan they present. And do that.
Marketing is key here.
Feel free to contact me directly and if I have a connection in your area, I'll be pleased to provide you with one agent name to consider. And be sure to take the advice in many of the answers here - ask friends and family who they recommend.
Best of luck to you! (But if you find a terrific agent - luck will only be the frosting on the cake !)
The solution, pay for someone who has your best interest as their priority (if that is really ever possible). What I mean is a licensed appraiser, a real estate attorney, a consultant, a public relations firm, someone who is not working on commission.
In the end, you should and will probably interview at least three good Realtors and list your home with one of them. But there is another saying too, "Trust but verify."
Here is some advice by Keith Sorem answering my selling question:
TIME is you enemy. The market already knows that the home DID NOT SELL FOR.
This is my strategy
1. Change brokerages
2. Change the price
3. Re-shoot the pictures - you need a virtual tour
4. Repaint the front door
5. Add more flowers and landscaping..so the curb appeal looks different...not better ...but different.
6. Increase the commission to the selling office...if you need to, add it to the price,
7. Make sure the new agent sends an invitation to theopen house to at least 400 neighbors...email me and I will send you my template.
8. If you don't have ten showings, or two offers in two weeks, lower the price 5%.
I hope Keith appreciates the credit as opposed to me stealing his thunder.
A REALTOR also abides by a code of ethics and has fiduciary duties to you as a client.
Interview a few REALTORS in your area and choose one you feel most comfortable with and one that offers the most valuable services.
Please feel free to visit my website for informative seller reports at http://www.Ginaherman.com
Best of Luck to you!
Southeast MI REALTOR
Godd Luck with your project !