Home Selling in Lisle>Question Details

Tatyana, Home Seller in Lisle, IL

Tatyana here. Thanks for all your advice! I wanted to add that we reduced the price 100K since last July.

Asked by Tatyana, Lisle, IL Fri Mar 6, 2009

I do not feel my current listing agents are doing what they can. I would like to find an agent who is extremely motivated!

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Hi Tatyana-

I read your last question, too. There are 11 homes that are currently under contract in Lisle and 10 of those are under $400.000. If you look back thru December, 3 months worth of comparables, there have been13 homes that have closed and 3 of those look to be either short sales or foreclosures.

I work out of Downers Grove and many buyers look in Downers, Lisle & Woodridge when they start their search. In many cases you are competing with those areas as well. I just closed a 1st time home buyer who started their search in those 3 areas and wound up buying in Downers Grove. One of their reasons were the real estate taxes besides their commute times. The taxes in Lisle township are more than Downers Grove township and they were able to save that money every month.

With that being said, when sitting down with your current or new agent, ask about what is available in those areas as well....in your price range, same amenities, same type of house, etc.. When pricing (and I know you said you reduced the price by a lot) you need to stay ahead of the market. You need to make sure you are the best priced home currently on the market and outshine your competition. Are you in a "jumbo loan" price range? Those rates are high and that is a tougher market right now. Make sure your agent has your home all over the internet and provides you with a written marketing plan. Weekly market updates are also very important so you can see all the current activity and understand the market trends...which will help you stay ahead of the market. Your most important market time is the 1st 30 days.

I wish you luck and I hope this information helps!
1 vote Thank Flag Link Sat Mar 7, 2009
Tatyana
If you looked at the homes, like yours, that sold since July, what would you find? Do you know how many have sold? Lots probably.

You don't need a motivated agent. You need a seller who is motivated. Motivation is defined as "needs to sell".

If a home sits on the market for nine months, any buyer will tell you that it is over-priced. Rather than blame the agent, who perhaps was not aggressive enough with you, the seller, take a more positive approach.

If other homes are selling, then why not mine? Ask your Realtor that question. If they cannot answer the question, then you need to ask them "If I hired you to sell my home, and you don't know why it's not selling, what do you think I should do?"

There are very few problems in the sale of a home that a price reduction will not solve.

Good luck.
0 votes Thank Flag Link Sat Mar 7, 2009
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
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Not an uncommon thing these days to see those type of price reductions. I will say that Lisle has been doing a lot better than surrounding areas, statistically speaking. You had a lot of answers this morning...some good....some just okay. I find it somewhat irresponsible for someone from out of town, sight unseen, telling you that no Realtor can sell it just because it was listed since last July. Market times are up and current listings are creeping above the 200 day mark.

As I mentioned this morning. The best thing to do if follow your gut and ask a lot of questions of anyone you interview. The relationship between seller and agent is like any other relationship. Communication is king but it is also a two way street with said communication. I'll update you as much as needed but I also need to know where you are in the process and how you're feeling along the way.

I love Lisle. Grew up here. Went to St. Joan and Benet. Plan on living around here for the rest of my life. I have a vested interest in making sure I promote real estate in this community to the best of my ability. I want to put the most money in your pocket as the market will allow. One thing I can promise. If we did sit down and talk you would have an honest opinion on what I think you need to do to get it done. If at the end of that sit down you want to work together is up to you. You may not like what you hear or you may thing it's what you've been looking for but at the very least you'll be one step closer to getting your house sold.

let me know if I can answer any other questions. Mike Long
0 votes Thank Flag Link Fri Mar 6, 2009
What are they doing? Or not doing?
Web Reference: http://ekerry.com
0 votes Thank Flag Link Fri Mar 6, 2009
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