Home Selling in McKinney>Question Details

Eileen, Home Seller in McKinney, TX

Any Insight as to why we are getting slow showings in McKinney, TX?

Asked by Eileen, McKinney, TX Wed Aug 6, 2008

Our MLS# is 11033584.

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Your house shows very well. Schools start in less than 3 weeks and it's slowing down. My only suggestion would be to have an open house every weekend since you will have traffic that is visiting the builders particularly Huntington. Once some of those prospects will see that your house is a steel compared to the Hungtington ones... May be your agent can have a rookie agent from their office open the house on Fridays, Saturdays and Sundays so you don't miss out on any prospects.

The incentives you are offering are fantastic too btw. What kind of feedback have you received from those agents that have already shown it?

One last thing, since you purchased it recently, the price you paid is still published. A good buyer's agent will find it very easily and will be required to share that info with their buyer.

Web Reference: http://www.sumnerrealty.com
1 vote Thank Flag Link Thu Aug 7, 2008
Average days on the market 138, 11 homes currently on the market. You do have an attraction of 4% buyers agent commission is an inceentive. However with lending changes many are not wanting to invest that much into a home vs. last year. Nice pictures. Mckinney is a stable market in the DFW area.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Thu Aug 7, 2008
#1. McKinney market is slow right now.
#2. There are still a lot of builders in McKinney with very competitive prices and incentives on new homes.
#3. Your buyer is probably a move up buyer, so they may have difficulty selling their current home for the
price they want.
#4. In McKinney these days I would want to price very agressively. There are other homes in your neighborhood that are priced significantly less.....in the $100-$105sqft range. No one wants to hear to price lower, but think like a buyer, not like a seller. I heard one seller the other day say they needed X to pay off all their credit card debt. What do you think a buyer is thinking if they heard that rational. Buyers are extremely savy with prices and what is available.
#5. Ask your realtor what builders in your neighborhood or that are competition for your neighborhood are offering as incentives both for buyers and for agents. You not only need to match that, but beat it. If they are offering all appliances....offer all appliances AND a flat screen or a Blu-Ray DVD player or both. If the builders are offering agent bonuses, beat them.
#6. Jazz up something the builder is not offering.....maybe that is landscaping. Maybe that is a flat screen in the master bath. Through in a motorcycle or a scooter....deck out the garage with a custom floor and tool area. Do something different to make your house stand out in the sea of houses for sale in McKinney.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Thu Aug 7, 2008
Bruce Lynn, Real Estate Pro in Coppell, TX
Where is your house listed online? What price are you at? What incentives do you have for commission for other agents? How many days have you been on the market and how many price reductions have you had?

Sometimes its tough to figure out, but if your agent is marketing your property, doing open houses every once in a while, and is active on the local MLS, the job may be done and your price may to high, which is sometimes the case. What other things are detering your home such as neighbors, pitbulls, houses slammed up togather, economic obsolecense? Tough to say, but make sure you are on every website possible dealing with homes, that your agent will do for you for Free! Make sure to have price drops occassionally and a CMA done once a month from your agent, which is free. If you want showings, bonus the other agents before you price reduce the same amount. So if you were to price reduce $5,000, give a seller bonus to the agents first of $2,000 on top of the comission and price drop your house only $3,000. Its the same bottom line for you, but more showings. I guarantee this tactic works! Ask my new homeowners who sold!

Good luck !
0 votes Thank Flag Link Wed Aug 6, 2008
You have a beautiful home, and in a wondeful neighborhood. However, homes in your price range take more time to sell than something more affordable. Good luck with the showings...and always have your home ready (and looking like a model home) for a short-notice showing.

Melissa Hailey
Coldwell Banker Jane Henry Realtors
0 votes Thank Flag Link Wed Aug 6, 2008
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