Normally - yes! A large number of homes that are advertised as being available at upcoming auctions are actually sold before the auction day comes. You will need to move quickly to get your offer in. It will work the same as if you were writing an offer on any other house on the market. Call your agent if you are really interested. If you don't already have an agent, call me.
Sometimes I wish that the sellers would pay for food or prizes for an agent open house because they can be pretty expensive at times. However, that is just another piece of the agent's marketing plan and the agent should be footing the bill. That's one of the main reasons you pay a commission.
That said, there are these "discount" brokerages who have fees set up for each piece of marketing or service that they provide, so if your neighbor listed with one of them, it is a whole different ball game. Their listing agreement should spell it all out for them if they aren't sure.
Is your house still listed for sale? If not, I would be glad to do an analysis of your home & the neighborhood and let you know what the home would sell for in today's market in Columbia. Just e-mail me at heather.mullennax@era.com if you are interested and I'll be glad to help.
Heather Mullennax
803-479-1259 - Sun Jul 13 2008, 18:21
Your best bet is to find an agent that you trust to give you the information you need and work with you on finding your investment properties. It doesn't cost you as the buyer anything to work with an agent and a good agent can save you thousands when you are purchasing property, whether it is for an investment or for your personal use. Good luck!
There are several factors that influence the sale of your home. The way it is marketed is certainly a big piece of that puzzle, however there are so many factors that influence the sale, it is next to impossible to give you an absolute "Here is the reason it hasn't sold" without knowing more about your home's specifics. Here are some things you may want to think about:
Location: Are you in a neighborhood? Or are you on a main road? Is your home convenient to shopping, interstates, etc.? Or is it in a more remote area? There is nothing you can do about the location, but just keep in mind that if there are any issues with the location at all, this may influence the number of potential buyers in the pool.
Condition: This is huge! Odds are, there are several similar homes to yours very close to yours and most of them are going to be in "pretty good" condition. You have to make your home really stand out from the other 10 homes that your potential buyers are looking at the same day they see yours. Make them to walk into your home and say "WOW! This is only $_______?" It is exhausting for buyers to look at homes all day and see a bunch of houses that all look the same - same # of bedrooms, bathrooms, same average condition, etc. Your buyers will appreciate you making the effort to make your home stand out from the rest. (This can potentially mean more $$ for you at closing too!) There are so many ways to do this and I am sure your agent can give you several things that you can do to create this effect.
Price: Everyone else mentioned this already and they are right. Pricing is extremely important. If it's too low, you'll lose money and if it's too high, it won't sell. Without knowing specifics of your home, there's no way to know if you are priced right. If you have concern about this, you may want to get an appraisal done to be sure that you are asking the right amount. This is something that you will need to talk with your agent about so that you can see what your competition is actually selling for.
This is not an all-inclusive list of what may be influencing the sale of your home, but I hope that it at least gives you a good place to start. Good luck!
Heather Mullennax
ERA Wilder Realty
803-479-1259
heather.mullennax@era.com
This is not intended to be a solicitation of any business currently listed with another sales associate. - Fri Jun 20 2008, 12:48
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.