Home Selling in Cypress>Question Details

Connie, Home Seller in Cypress, CA

I have my house up for sale for almost a year, tons of appts and with good things to say but no offers yet.

Asked by Connie, Cypress, CA Wed Mar 26, 2008

What can I do next??

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Answers

13
Price vs. Condition...

If you are getting lots of showings but no offers = Price

If you aren't getting any showings = Condition &/or Price

If you are getting all really low offers = Condition
2 votes Thank Flag Link Wed Mar 26, 2008
Statistics tell us that you should be able to generate at least one offer for every 8-12 showings that you have. If you are not getting ANYTHING offered, there is a problem with Price, Presentation or Position. Position is the land you sit on ....you can do nothing about that.

Presentation is how the home shows...is it staged? Do people you see YOU living there or do they see THEMSELVES living there...it's a very big distinction.

Price cures any issues with the other two. It is usually much cheaper to fix PRESENTATION than it is to take it off the price. It's funny how a $500 professional roof repair or a $300 dishwasher translates to $2000 for the roof or $1500 for the dishwasher when you try to fix presentation with price! Many agents, ourselves included, have professional stagers that they work with or refer to...perhaps you could benefit from that?

Connie, it is a slower market than it has been in the past but you were on the market during a good time as well if you have been on the market for a year. You may consider, taking the home off the market, maybe working on some inexpensive paint/staging fixes and put the house back on the market in a couple of weeks as the selling season really starts to take off in the area. Cypress is a great area and I've got buyers and sellers that have done well there in the past couple of years.

By the way...did you find your house listed on TRULIA? How about any other websites (many agents are able to syndicate your home to more than 30 sites that draw great traffic!)

(PS a splash of good color in the yard works wonders sometimes when curb appeal is in question!)

Good luck!
Web Reference: http://www.katyagent.com
1 vote Thank Flag Link Tue Apr 1, 2008
the next thing to do is
keep the house
not a good time to sell a house
it is a nice house
that is why you bought it

anways

good luck
1 vote Thank Flag Link Wed Mar 26, 2008
It is a great time to sell a house.. but you must do the things to PREP the home before showing. We need homes to place on the market. Take the advice from your realtor... most likely they told you what to do.. but you reallt did not feel it was needed when you listed. If your home has not sold.. it is price, presentation or poor location.
Flag Mon Jun 18, 2012
Connie,

If you are getting interest in the form of showings but no offers ask you agent if those who viewed you hame moved forward and purchased some other property. There are six key factors that affect when and for how much your home sell: location, competition,timeing, Price, Size and Condition. The last three are the only things you can change to improve your appeal to the market. Talk to your agent, if you are listed, and take their advice. If you are not listed with a Realtor you may want to think about it

Regards,

Robert
1 vote Thank Flag Link Wed Mar 26, 2008
Your in a beauty contest and for some reason your home isn't making the cut. Take a look at your home, your pictures online. What could be done to freshen it up? Does your house smell good, is it clean, is the landscaping fresh. Is it staged well, are your closets clean, do you allow most showings and do you leave when prospective buyers get to the house? These are all questions to ask your self or your realtor. Your pictures online, should have blue skies, green grass, uncluttered pictures etc. It may be good time to look at the price of homes around you that are selling, and see how you compare.
0 votes Thank Flag Link Fri Jun 22, 2012
Price is the most critical factor in getting a home sold these days. Has your agent given you the recent comps in your neighborhood to help you determine if you are still priced appropriately. You may have been priced well a year ago but if the market kept dropping you may be overpriced.
0 votes Thank Flag Link Thu May 26, 2011
Connie,
You may want to sit down with your agent. Find out what homes you are being compared with, and the ones that the Buyers have chosen over yours. Have your agent set up a tour of your "competition".
Go through them, and make note of everything- condition, curb appeal, do they have more amenities than yours, location, etc.
Then you can have a more accurate idea of maybe why you are losing out to other properties. Ultimately, everything will sell, at the right price for your local market conditions.
I did that with one of my Sellers, who insisted that their house was better than all the others and was holding firm on their price. Once they saw the competition, they adjusted their price, and quickly got an offer and closed.
We try hard to accurately price properties, but market conditions continually fluctuate, and that is why you need to make sure your agent is monitoring what is active, pending and what has Sold.
Good Luck to you
Web Reference: http://www.GoPackerUp.com
0 votes Thank Flag Link Sat Mar 29, 2008
Connie, Lots of good answers here. Since your home has been on the market for awhile you may want to re-evaulate the price/condition. Take the home off the market for a couple of weeks, refresh and reprice.
0 votes Thank Flag Link Sat Mar 29, 2008
Reduce the price until you get offers. Since your listing will soon have a birthday, and you are getting good feedback, the price is the only thing left to adjust. If you have been reducing price and still no offers, you are chasing a falling market. Discuss your next price reduction with your Realtor.
Web Reference: http://www.ERASold4Sure.com
0 votes Thank Flag Link Wed Mar 26, 2008
With the house being offered for sale for almost a year, it would be well worth the cost to have it appraised for its current value. With the constant changes in the market, a more realistic selling price may be in order for your market area. If you do choose to have a current appraised value determined, I would recommend getting it appraised in accordance with both FNMA requirements AND FHA requirements, by a FHA approved Certified Appraiser in your area.
0 votes Thank Flag Link Wed Mar 26, 2008
Difficult to say without knowing everything, have you thought about looking at the other homes on the market determine what makes those homes stand out over yours? Is your home updated? Is your home over priced? Does your home have curb appeal? Does your home have allot of clutter? Just a few concerns when I am a Dallas listing agent for a home or as a Dallas buyers agent when they look at homes Good luck, also what does your agent have too say about your home?
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Wed Mar 26, 2008
Sorry to hear about your frustration. It usually comes down to the price, sorry to say. If it has been on the market for almost one full year think of how much money you spent and decide if getting out is that important you might want to reduce the price or pay for another year. It is tough out there and there are alot of homes competing against you. They might price more agressively or maybe for the same price they have a few more features.....It usually always comes down to the price vs the product. Good Luck, Gina in Middletown, NY
0 votes Thank Flag Link Wed Mar 26, 2008
You will probably have to talk with your agent to make sure the home is priced right. Other than that I am not sure since I can't see your listing.
J.
0 votes Thank Flag Link Wed Mar 26, 2008
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