Thomoski, Home Seller in Knoxville, TN

my home in knoxville(gibbs) is 1700 sq ft 7621 preston view dr,is a t brick ranch-nice home-but trying to get an agent to show it is hard-why?

Asked by Thomoski, Knoxville, TN Sun Jul 22, 2012

price is under 160k and near high school,homes in whisper ridge next to prison are selling for more -why

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8
Adelina Rotar, Agent, Knoxville, TN
Sun Jul 29, 2012
Thomoski,

$160K is still high for what homes have sold for in Scotch Meadows in the last year. Sales in Scotch Meadows have closed around the $130K mark, and you are on the top end of your neighborhood. Whisper Ridge, on the other hand, has sold between $145K-$178K. Whisper Ridge is also new construction for the most part, and there are many buyers that prefer a non-lived in home.

I agree that you can improve your online presence with professional photos and staging, but bottom line, price will dictate whether buyers want to look at your home. If you aren't getting showings then buyer's aren't seeing your house's value.

Secondly, your marketing may need some work. Do you know how many times your property has been advertised on social media sites, craigslist, how many buyers your listing agent has brought in, how many prospects have come to open houses, how many newspaper/magazine ads, how many phone calls from the sign, etc...marketing in today's competitive market is very different... Bottom line: you need a stellar marketing plan, you need to be priced IN the market, not just be ON the market, and finally, selling today is a beauty contest and a price war: you must be the house in the best condition and be priced the best in order to sell.

If you are unsuccessful, it may be because of price, condition, or marketing or a combination. You have control of the condition of your home, the agent that you have hired has control of the marketing of your home, and the market has control of the value of your home.

Best of luck to you,

Adelina

The Adelina Rotar Group
Keller Williams Realty
Selling 24 Properties in 2012 and Counting...

865-694-5904
865-603-8483
Adelina@AdelinaRotar.com
1 vote
Catrina Fost…, Agent, Knoxville, TN
Sun Jul 29, 2012
The internet is the first stop for buyers today. The first impression must be a good one. Starting with professional photos if your home. 2nd, have you decluttered and may even consider staging If you are priced correctly you should be getting showings. Good Luck!
1 vote
Dan Tabit, Agent, Issaquah, WA
Mon Jul 23, 2012
Thomoski,
Some additional suggestions after reading your reply to Thomas. Limited service companies have a mixed success rate, as to many full service agents. While all business models are welcome, the limited service models require agents to take on added risk and responsibility when dealing directly with the home owner. Some agents would rather not take on that risk.
Another thought would be making certain the commission offered to the buyer's agent doesn't put you at a disadvantage to other listings. If home A, B & C are all offering to pay a higher amount, you may find that they get shown where yours doesn't. It can be argued whether this is right, fair or ethical, but agents are human with their own bills to pay and will factor such details in when selecting or encouraging buyers which homes they want to see.
My consistent advice is to find the best possible agent when buying or selling. A great agent brings value to a transaction and is worth whatever commission is paid. A bad agent, or none at all may cost you way more than just a commission.
1 vote
marty hartse…, Agent, knoxville, TN
Mon Jul 23, 2012
Buyers are using the internet to find homes that they want to see, and most times the buyers tell the Realtor what they are interested in. If your home is not listed and on the Knoxville MLS it will be more difficult for both buyer and Realtor to find. If your home is listed get a CMA every 45 days to see if the market is changing or that you are positioned wrong.
1 vote
Mathew Turner, Other Pro, Knoxville, TN
Fri Nov 2, 2012
I agree with the age versus location conundrum your property has. Some times the way you present/stage your home at open house can make all the difference!
0 votes
Terri Vellios, Agent, Campbell, CA
Sun Jul 29, 2012
That is frustrating.

What does the MLS state as far as showing instructions? Is it easy to show, or are there restricted hours by appointment only?

Are the neighboring homes maintained?

Is it located in an area of noise, power lines, dump, flood, or another exterior factor?

I looked up the photos on the internet and from what I can see it looks like a lovely home. Your agent should be giving you a weekly update and it may be necessary to reposition your home for the market.

What type of buyers do you have in your area? Do they need help with financing? Perhaps you can offer an incentive to help with closing cost.

Talk with your agent/

All the best to you.
Web Reference:  http://www.terrivellios.com
0 votes
Bob Evridge, , Knoxville, TN
Sun Jul 22, 2012
If you are trying to do a For Sale By Owner...what would be the motivation for an agent to show it? I am assuming you are selling it yourself. Have you made it clear that you are willing to pay a buyer's agent commission? How do people know your home is for sale?

The advantage of using an agent is that you get more marketing. Instead of just you trying to sell it, you will have 3500 agents helping to sell it as we all share our listings to get it out there as far as possible. My advertising has brought me contacts from as far away as Paris, France.
Web Reference:  http://knoxcastles.com
0 votes
thanks for answer,yes it is listed -with assist to sell,and before that realty exect, what i dont understand is why homes in whisper ridge next to prison and rr track would sell before mine at a higher price than mine? biggest problem is lack of showings-i have a clean nice home next to schools with a walk path to them,is there a reason mine doesnt get shown-price is lower than solds i have seen,thomas
Flag Sun Jul 22, 2012
Dan Tabit, Agent, Issaquah, WA
Sun Jul 22, 2012
Thomaski,
Difficult to say, but I will suggest 4 areas to consider. First, are you well marketed? What I mean is does your home appear on multiple websites with great color pictures of a properly staged clean and clutter free home?
Next, do you have limitations or restrictions on showings? Things like 24 hour notice required, seller or agent must be present for all showings, limited hours of availability or pets present.
Does your home look inviting from the street or is your grass overgrown, have debris on the roof and cars on the lawn? I've driven up to a home to show and had buyers say, "Keep on going" due to the condition.
Finally, you have to price your home in relation to the homes in your area. If for any reason people are willing to pay more to be in a town with a prison versus your town, you have to price accordingly. Ask your agent for an up to date CMA and has them to include your active competition. If possible, go tour your competition to see what your potential buyers are looking at.
Best of luck.
0 votes
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