Is it bad timing? I've taken all of the great advice from this site and updated the pictures on our mls and even lowered our price. No offers

Asked by man007b, Culver City, CA Wed Oct 2, 2013

yet. 9516 Lucerne Ave 5, Culver City, CA, 90232

Close to LAX, UCLA,USC, Downtown Culver City, Beverly Hills

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11
Bill Eckler, Agent, Venice, FL
Thu Oct 3, 2013
One of the best tools for gaining a real feel for a property's marketability is from customer/agent feedback. This information is real and of great value when trying to track a home's desirability.
I would strongly recommend that requiring feedback be part of your marketing plan for your property. I could make the difference you need to sell your home!

Good luck,

Bill
1 vote
Amanda Chris…, Agent, Fort Wayne, IN
Wed Oct 2, 2013
I would be having this conversation with your Realtor 007. You are going to get a lot of advice on this forum that may not apply to you and your area. Just my two cents. Good luck!
1 vote
Annette Law…, Agent, Palm Harbor, FL
Wed Oct 2, 2013
007 in Culver City,
It is great to hear you received exceptional guidance and have taken prudent action.
Now it's time to assess the results.
-
Your real estate professional shared market information with you when you agreed to sell your home. Your agent may have updated that data since them. Here is the elements of that data you need to refer to now.
1. How many homes in your community sold in past 12 months by month
2. Home many homes like yours have sold in your community and area.
3. How many hoimes like yours, at your price point have sold in your community.
4. Home many homes at your price point have sold in your community and area.
5. Where are homes like yours selling?
6. Where are homes at your price point selling?

The above data dictates what you must do. Defying the data won't make wishful thinking come true.
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Your agent will share with you analytics showing the interest level in your home.
10% of that volume should have resulted in home tours.
When those numbers are true, you are receiving the appropriate traffic. Your agentes marketing is working.
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Now you must look at what are the obstacles that are preventing buyers from making an offer.
Taking a really close look at #5 and #6 should reveal the issue or present a great plan of action.
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Remember, price compresses the time line. strategy is what sells a properly positioned house.

Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
1 vote
Lena Samigou…, Agent, Los Angeles, CA
Wed Oct 2, 2013
The market did slow down a bit everywhere. You need to do some marketing and send e-flyers of the property.
1 vote
carenkerr, Both Buyer And Seller, 90405
Fri Jan 3, 2014
It's not a bad time , but I think marketing and plans more powerful to attract the buyers. Take a advice from nearer real estate agent or expert.
0 votes
J, Agent, Greensboro, NC
Thu Oct 10, 2013
If you are a FSBO then I would assume exposure and powerful marketing methods and plans used to attract the buying masses to your property may be the culprit. Good luck to you.
0 votes
Dorene Slavi…, Agent, Torrance, CA
Thu Oct 10, 2013
There is so much that goes into home sales, and timing is an issue as well. I have recommended holding back on a listing and at times, removing the listing from the market. But these suggestions are specific to a particular property and for a specific reason.

You are working with a Realtor who should be giving you guidance on this, as well as advice on what may be wrong.

It is generally true that the number one reason a property does not sell is price.
0 votes
Gail Mercedes…, Agent, Beverly Hills, CA
Mon Oct 7, 2013
Hi,
Do not be discouraged. Hopefully the home is:

- Not overpriced
-Compare you asking price to similar units in immediate area.
-Shows well (clean tidy listing)
- During showings prospective buyer are not inhibited by occupants or pets
-Easy access to listing agent
-Easy showing access
-Advertised in Trulia, Zillow ,Realtor.com and etc.
- Try email campaign to local realtors with listing information
- Have another Broker's Open
- Any leaders call and email with reduced price
- Is commission 05% or 06%?

The market has slowed but unit should sale. Good Luck!

Gail Mercedes Cole
EXP Realty Marina del Rey
310.853.9933
0 votes
Fred Herman, Agent, Staten Island, NY
Wed Oct 2, 2013
assuming you're marketing the property

what about showings???? are you having any showings???

generally if you're not getting showings the price is too high.

how does the property compare to others on the market and recently sold???

why would a buyer choose your home over competing homes???


The knowledge and experience of your Realtor is a valuable asset, so make use of it.
0 votes
Kelley and T…, Agent, Santa Monica, CA
Wed Oct 2, 2013
You will sell at that price. You just need to have a few open houses!
0 votes
Ron Schwolsky, Agent, Covina, CA
Wed Oct 2, 2013
You should be having this conversation with your Realtor, Reynaldo. You have hired him, so you must've trusted him for one reason or another. Voice your concerns to him. An open line of communication is crucial for a happy transaction.

Note:
It is unethical for realtors to solicit an active listing.

Best of luck.


Ron Schwolsky, LEED AP, BPI
EcoBroker Certified
Wish / Sotheby's Int'l Realty
818.640.3400 cell
ca bre # 01254537 cslb # 920463
http://www.GreenEstateAgent.com

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