Question Details

T. Day, Home Seller in Champaign, IL

House has been on the market for 17 mo. same agent. Only one offer that fell through after about 4 to 5 weeks

Asked by T. Day, Champaign, IL Wed Oct 31, 2007

(we took the house off the market during that time). Our realtor was quick to proclaim it wasn't her fault and also said "this has never happened before." Should we stay with this agent? Also, there have been 4 incidents of clients or realtors causing damages to the house during showings. How do we deal with this? Only one was pointed out to us by the realtor, who had backed into our mailbox, fortunately causing no damage. I admire her integrity for telling us.

Is it time to change realtors?

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Answers

7
So many factors play into selling your home. Some of those are beyond your realtor's control, so it's hard to judge what is going on. I would suggest taking a look at your competition to see how well yours shows compared to all of the other houses in your area and price range. If yours does not stand out the most, fix that! Another thing you need to do is compare like homes in prices, not list prices, but recently sold prices. Your realtor should be able to go over that with you. If you're not priced very competitively, this will also play into your lack of activity or lack of offers if it's being shown quite a bit. Has your agent given you advice or strong recommendations on pricing or condition that you have not heeded yet? I'd start with doing the things she recommended before anything else!
Web Reference: http://homenashvilletn.com
0 votes Thank Flag Link Wed Oct 31, 2007
T. Day
The easy thing is to blame the Realtor. They may be partly to blame, true, however Realtors don't sell homes, homes sell homes.
Like another post asked, how many homes, like yours, have sold in the last 17 months?:
Compare the sold homes to yours. Buyers are looking for value. Homes that they perceive to have the most value sell FIRST. The rest are left on the market.
IMHO, 17 months means that your price is too high...it may be that the Realtor either doesn't know how to tell you, or is unaware. EVERY home will sell for the right price. What feedback have you received from showing agents?

Good luckl!
0 votes Thank Flag Link Wed Oct 31, 2007
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
Michael Doyle:
How do you know if home values have fallen? This seller doesn't say where the house is. Some areas are still going up in value.
Ruth
0 votes Thank Flag Link Wed Oct 31, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
I'm sorry your home hasn't sold. During the time you have been on the market home values have fallen. Have you been doing price reductions to reflect the falling market? Talk to your agent and have her come up with a plan for getting the home sold in thirty days. That my mean adjusting your price. If it still isn't sold by then it may be time for a fresh start.
The three things that determine if a home sells that you can control are;
Price
Marketing
Staging and condition
0 votes Thank Flag Link Wed Oct 31, 2007
There's a lot of this going around now adays. 17 months however leads to many questions. This must either be a multi-million dollar home, extremely unique, or be next door to Chernobyl!! I don't see how she can be "quick to proclaim" as there is nothing but slow death in being on the market for 17 months! How many price reductions have you gone through? The market has cratered in the past two months here in Sonoma County but has been on the slide for that long and then some. So I just don't think, once again, we have ALL the facts neccessary to advise you on what to do. Remember, there are always three sides to the story--your side, my side and the TRUTH!!
0 votes Thank Flag Link Wed Oct 31, 2007
You don't say why your deal fell through. It happens often, though. Deals fall through for numerous reasons, including financing. What is your complaint with your agent? The fact that the house is on the market for 17 months? Is it priced right? Have you gotten monthly CMA's or something similar so that you know what is selling and at what price? Have you reduced your price/adjusted to the current market conditions? Is your house being advertised?
As far as the damage goes, when you notice it, do you report it to your agent? He/she knows who is showing the house and can get in touch with that agent to find out exactly what happened. Sometimes if an agent's clients have children it can be difficult to keep an eye on everyone in the house at the same time. One way around this is to have your agent escort all showings, but that is not usually possible 100% of the time. You certainly cannot hold your agent responsible for the actions of other agents and/or their clients.
Before you change agents, consider talking to yours about the issues that concern you. Your question here is a bit vague. Try to provide us with some additional as to your reasons for wanting to change. I've given you plenty of questions to consider.
Web Reference: http://www.dianeglander.com
0 votes Thank Flag Link Wed Oct 31, 2007
Alot depends on what $ amount this house is. Ask your Realtor to run a report showing the solds in the area for the last 17 months, and see how the price of your house compares to theirs....then you can see if you are asking too much for your house, or if you need to change the marketing of the home.
Web Reference: http://iansellsnola.com
0 votes Thank Flag Link Wed Oct 31, 2007
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