How long should it take a relator to put on our house on MSL after signing the contract?

Asked by Fieldbrook, 60160 Mon Jul 30, 2012

On a house priced close to 2 million how often do we expect the relator to be showing it? times per month etc.

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5
Suzanne Hami…, Agent, Orland Park, IL
Mon Jul 30, 2012
MLS rules require within 3 days of the start of the contract. Then, it all depends on the buyers. Marketing will take a couple of weeks to start going. And there is no telling how often.

My advice is to go over your expectations and the reality of the market with your listing agents. You should know exactly what they are doing for you per contract. You also should know what may or may not happen. Make sure you are in contact with your agent every couple of weeks on progress. But most of all. Be patient. This is not an easy market for sellers, especially at your price range. There is a smaller market pool for luxury. As long as your agent is doing what they said they would do, let them do their job. You can do your part by keeping the place impeccably clean and showroom ready, be flexible with showing times (even if it can be inconvenient) and stay out of the way of Realtors when they are showing. Let them do their job.
0 votes
Edith Karoli…, Agent, Winnetka, IL
Mon Jul 30, 2012
Wow, let's see.... how long until it is in the MLS, well it truly depends on how much will be needed
to have the listing ready to go on the MLS but more importantly that the house is ready for it, which
includes signs, lock box or showing arrangements, professional photos taken, arrange and print
a beautiful color brochure as well as get the very best photos on the MLS including a nice virtual tour.

If the Realtor would come in take the measurements and detail description and list of amenities
and then take photos of the property by him or herself, the property could be on the MLS the next day. with a printed brochure off the MLS.... of course a nicely printed folded property brochure will then still take a bit longer....

But if you want top of the line brochures, photos by a professional photographer, eventually some
landscaping adjustments, etc. etc. Then you will have to give the listing agent a good 2 weeks

Of course during that time of preparation, your Realtor could promote your property if it is ready
for showings as a pocket to the agents in his or her own office before it goes public on the MLS and many other internet sites....

Now when it comes to showings, this really depends on your market area, are most homes in your
area in or around your price range, does the area have a lot sales at least in the last 6 months?
So you should really talk to your Realtor, if you not already have.... there is truly no standard
number for showings..... BUT IF YOU ARE PRICED EXTREMELY WELL, i.e. so competitively in your current market, that all Realtors who see the listing, realize that this home was priced to sell, and
will encourage any of their buyers to see this particular home, because it is what they are looking for and it is priced right.... then you may have more showings than otherwise.

Also depending on how close your home is to activities, transportation etc. is a factor for how much interest you may be getting.

Your Realtor will have a good feeling after a first and/or even a second Brokers open, when Realtors drop by to see the property in person, although talk to your Realtor, not every area is very
active when it comes to Brokers Open houses....

Good Luck to you.... and be patient, in most areas we are in a buyers market, i.e. more properties on the market than ready and willing and approved buyers, so the buyers that are out there and those who can afford almost 2 M are small, and they are the ones that can pick and chose from
all that is available, and they will pick as you would were you a buyer, the best for the least.....

Sincerely yours,
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties, 30 Green Bay Rd, Winnetka, Illinois 60093 ---- EdithDoesItRight@yahoo.com or EdithSellsHomes@gmail.com Check out my website at htttp://www.tinyurl.com/MeetEdithHere
get to know me better and learn about my experience, expertise, services available and letters of recommendation of former clients..... Also you can sign up on my site to search for properties in my expanded service area. HAVE THE MOST WONDERFUL DAY :)
0 votes
My NC Homes…, Agent, Chapel Hill, NC
Mon Jul 30, 2012
I would think it reasonable to expect it to be listed within 7-10 days, depending on whether your agent was having a stager come in to consult with you and professional photographer to come in and shoot the house. Your agent should have discussed timing with you when you were sitting down and signing your listing agreement.

As far as what's reasonable to expect in the way of showing per week, month etc, this depends on a lot of things but primarily it depends on the absorption rate for homes like yours in your market. Did your agent show you the statistics of how many homes in the 1,500,000 - $3,000,000 price range were currently on the market and how many had sold in the past 6 months. How long are homes in your area on the market on average and how many price drops has it taken on average before a home is sold? How many months or years of inventory are you competing with? These facts will determine how many showing you might reasonably expect and you should feel comfortable having a conversation with your Realtor about the market and what you might expect.
0 votes
Annette Law…, Agent, Palm Harbor, FL
Mon Jul 30, 2012
Hello Brook,,
Do you know your realtor's (purposely misused) Phone number?
During the listing presentation your agent shared with you historic market data of homes like your and priced similar to yours. From that data you know the number of showing to anticipate. Now, you can have your home placed on the entertainment circuit which means buyers who have not been qualified, can tour your home. Nobody want this. The showings should be limited to those who actually have the ability to buy...and the historic data will be a good projector of the sized of this potential buyer pool.

There is another matrix to apply to evaluate the effectiveness of the marketing. Both sets of data, buyer pool and market effectiveness, will be needed to make an informed evaluation.

The fact you have posted this question here suggests there are other issues in play. It time to have a meet up with your realtor and review the data, and transparently discuss expectations, goals and objectives. There seem to exist a lack of trust that would compel you to go to the internet for home selling advise from those who do not know your market.

Best of success in Selling your home,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Pam Harbor, FL
727.420.4041
Let's chat real estate at: http:///www.RealEstateMadeEZ.us
0 votes
Laurie Chris…, Agent, Oak Park, IL
Mon Jul 30, 2012
First off, it's Realtor, and MLS. Have they taken their professional pictures, created their virtual tour, and made sure the house is showing-ready? I won't list a house in the MLS until these steps have been taken. Generally this is done within a few days of signing the listing paperwork. As far as showings go, how many homes in your price point in your area have even sold in the last six months? That should give you an indication of how "in demand" your property is. It all comes down to location, layout, decor, price. If you're the best looking and bargain-priced for what you're offering, you should get a steady stream of buyers. If that's not the case, you're either not priced right, not presented right, or a combination of the two. Before committing to work with a Realtor, make sure you trust that they'll keep you in the loop at least weekly about the efforts and progress made. Best of luck to you.
0 votes
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