Home Selling in 77017>Question Details

Steve Durchin, Home Seller in Cedar Creek, TX

How to choose a Realtor?

Asked by Steve Durchin, Cedar Creek, TX Fri Jan 16, 2009

We have an almost 3/4 acre lot for sale in 77017 (Houston) that has not sold in over a year. The current realtor keeps lowering the price, and it is now near $39,900. It is not currently listed in MLS.

I'd like to find a more enthusiastic realtor. Do you have recommendations?

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8
Steve,

It is extremely important that you understand the reality of the present parket and that even the most skilled and enthusiastic person cannot change the market conditions.

Undeveloped land has the most utility and highest value when demand is greatest(law of supply and demand). New construction is down drastically. Because of this decreasing demand for land it will continue to be difficult to find a buyer for your property.

The tactic that many land owners are taking today is to wait it out and avoid having to deal with feeling you are giving your property away. There is a buyer......but you probably do not want to price it as low as it needs to be to attract one.

Hope we are wrong...
Good luck
1 vote Thank Flag Link Fri Jan 16, 2009
Steve,

First your agent is not a Realtor if the property is not on the MLS unless you requested that it not be put on the MLS when you listed all MLS members must put on the MLS and only Members of a board are Realtors,
Your agent is a Real Estate agent that does not have the MLS available to them.
You need to contact someone that not only places your property on the MLS but one that places it on many other WEB sites and works with builders. The agent soes not have to be down the street just in the same MLS that means any of us in HAR. Lot are marketed much differently than homes.
Margaret
1 vote Thank Flag Link Fri Jan 16, 2009
The first step in marketing the property would be to list it in the Houston MLS. The more Realtors that you expose your listing to, the more likely you are to sell it. By not listing it in the local MLS you are dramatically limiting the number of agents and potential buyers who are even aware that your lot is for sale.
1 vote Thank Flag Link Fri Jan 16, 2009
Steve,
Although I do not sell property in Houston I have some questions you may want to ask you agent. How is he marketing the home? Flyers, Virtual tour and definately MLS through HAR. There are other local real estate magazines that circulate at local grocery stores. Maybe raising the price and offering an incentive towards closing or buyers agent incentive. Just giving you some ideas. My philosophy is you have to spend money to make money. I would also ask for a Market analysis for you property so you know whats going on in your area. Take care and good luck.
0 votes Thank Flag Link Fri Jan 16, 2009
Good Morning Steve,

I agree that you should speak to your agent about your concerns, sometimes that is all it takes to make your agent see that they are not doing what you expect.
Also, maybe look for an agent that is a Seller Representative Specialist (SRS), Realtors who have this designation have had continuing education on assisting sellers.
Good Luck with your agent!
0 votes Thank Flag Link Fri Jan 16, 2009
That seems odd that your agent didnt list it in the MLS??? In today's market you have to have a solid online marketing plan in order to put your property in the best position to sell quickly and for the most money. Maximum exposure is what you need. If your agent isn't marketing the property utilizing todays technologies then you could be selling yourself short. Feel free to check out my website http://www.houstonicon.com/ . If you are having issues with your agent, make sure you are expressing those concerns to him/her, it could just be a misunderstanding.

I'd love to take a shot at earning your business, should it not work out with your current situation. If you are currently in an agreement with another agent then I can't do much for you at this time.
Web Reference: http://www.houstonicon.com/
0 votes Thank Flag Link Fri Jan 16, 2009
First always express your concerns to your Realtor. Communication is the key to a successful transaction and remember your Realtor wants to sell the lot as much as you do. I looked on our MLS and the AVERAGE days on the market for lots in 77017 is 342. The market is tough right now but we see signs that it is getting better!
Web Reference: http://www.jenandlisa.com
0 votes Thank Flag Link Fri Jan 16, 2009
Steve, if you will go to my blog there is a recent post about questions you should ask your realtor. When does your agreement end with your current realtor? If you are able to end the agreement by mutual consent without any penalties then that could be an option. It all depends on the laws for your state. I would be glad to put you in touch with an excellent realtor in the Houston area. Please send me an email at daveedwards@kw.com with further details about your situation and we can work on possibly getting you connected with another realtor. Thanks!
0 votes Thank Flag Link Fri Jan 16, 2009
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