i have had a house up for sale for almost a 1 yr listed for 175000 the realtor will not do anything should i drop the price or find new realtor

Asked by Cathy Coffey, Bailey, NC Sun Apr 3, 2011

6641 madison rd bailey nc

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Sandy Woodard, Agent, Garner, NC
Sat Jun 8, 2013
The first thing in pricing your home is being realistic. If overpriced, it will sit on the market. If your home has been on the market for over 1 year and you are not showing this home, there is definitely a problem. You should talk with your Realtor and discuss the strategy in selling the home and why there is not a price reduction and ask for a current market analysis. If not satisfied, contact another Realtor and see what their views are on selling your home.
0 votes
Nathan Wolf, Agent, Charlotte, NC
Tue Apr 5, 2011
"DO NOT BUY THIS HOUSE" this is what buyers see when you list your home for more than buyers want to pay.

Unfortunately many sellers think their home is worth more than the market (buyers) are willing to pay.

Your agent / Realtor should show you the comparable properties which have sold in your neighborhood or area. This will show the following:

* Average Listing Price for Similar Homes -- if your home is overpriced, there is one option-- lower your price.

* Average Days on Market -- if your home is listed at a market price, and is spending longer on market than other homes in your area, then you have a legitimate beef with your agent.

* Average Sales Price -- see the % of Sales Price. If it is not close to the original Listing Price, then those sellers OVERPRICED their homes! This is not generally the Realtor/agent's fault.

YOU are the SELLER. Not your Realtor. YOU determine your sales price. If YOU want to sell your home, then ask your Realtor to help you by listing it at a price that buyers are willing to pay for it. Overpricing your home does not sell your home, it only frustrates you.
Web Reference:  http://www.clthome.com
0 votes
Phil Rotondo, Agent, Melbourne, FL
Mon Apr 4, 2011
Ask your agent if they have received any feedback on any showings.
If so, correct what is indicated on the feedback. This is what the buyers are saying that you need to do.
Web Reference:  http://www.321property.com
0 votes
Bill Eckler, Agent, Venice, FL
Mon Apr 4, 2011
Cathy,

Consider PRICE, VISIBILITY, AND APPEAL when marketing your home. The very first thing all buyers contemplate is price and therefore this becomes critical. Make sure your home is priced in step with other similar area homes.

Secondly, your agent and their company should be making a real effort to make all buyers considering purchasing property in your area aware of the opportunity your home has to offer. A written comprehensive marketing plan should be available for your home that clearly outlines what the agent is doing to promote this sale.

And finally, a home's APPEAL can not be underestimated. Make the home stand out and be one that buyers remember above all others. Consider the doing the following to make it "shine." clean, de-clutter, organize, paint, repair, plant & trim, etc. In many cases a great deal can be accomplished by not investing a lot of money...just time and effort!

The answer may not be to eliminate your current agent but to test the waters by interviewing several others to be able to make comparision...this may clarify things for you.

Best of luck,

Bill
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Linda Lorenzo, Agent, McKinney, TX
Sun Apr 3, 2011
I think you already answered your own question by saying the Realtor will not do anything - so why continue using he or she? There are plenty of other agents out there. you need a new opinion on why your house is not selling. You can search for agents in your area right here on the toolbar for Trulia. Good luck.
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Dan Tabit, Agent, Issaquah, WA
Sun Apr 3, 2011
Cathy,
A year is a long time. You say your agent hasn't done anything, but is this the first time they have talked to you about a price drop? If so, get a new one. In this market well priced homes are selling, but no amount of marketing, websites, open houses or marching bands can cause a buyer to be willing to overpay for a house.
If they have been successfully selling other homes, if you have had traffic, but no offers or offers but not high enough, it may well be you are overpriced. This is only your agents fault if they haven't brought it to your attention. If they have kept you informed of the competition that have sold, suggested price adjustments and done enough to get you showings, give them another chance at a realistic price.
A realistic price is not the top of the curve, but the lower third of your competition and most comparable sold homes. If you price at the top of the curve you are overpriced in a matter of days or weeks and back in the same boat. You will ultimately net more, by pricing in that range than too high and sitting on the market while the market declines around you. Best of luck however you proceed.
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Kevin Olson,…, Agent, Colorado Springs, CO
Sun Apr 3, 2011
Dropping the price will always get you more exposure, but we can't say that's the right answer. How do you feel about your current Realtor? Are they getting the property out there? Have they suggested a price drop (anyone having the property on the market for a full year with no suggestions to lower price does raise flags)? If you are thinking about finding a new Realtor, you may already know the answer to this one. Look up your home online to see how it looks, and if you can find it. Yes, the market is tough, but there are still things both agents and sellers can do to get a home sold.
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