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Home Selling in Milwaukee : Real Estate Advice

  • All350
  • Local Info35
  • Home Buying132
  • Home Selling26
  • Market Conditions9

Activity 25
Sun Jun 7, 2009
Fred Kissinger answered:
I don't know if you are listing in the higher end of homes or the lower, nor what your market is like. In general though, close to 70% of home buyers use the internet to search for homes. And most will look in the paper on a semi regular basis for a home.

That being said ... again, most buyers find the home they purchase through a Realtor. What the ads on the internet and in the paper do is spur interest and get that buyer to take the next step and contact a Realtor to look at a particular home. Thus opening the door for us to show them others in their price range that meet their criteria.

I would sit down with your agent and have talk as to what she is doing to market your home. And you should tell her what you expect. If she is doing nothing more than listing it on the MLS, her commission should reflect it (same as a discount broker). If you are paying for full service, than you should get full service. Tell her that you want it on the internet and in the paper. What most sellers and buyers do not realize is that we are your employee and if we do not perform, we can be fired.
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Tue Feb 26, 2008
David Ray answered:
I appreciate how you feel. Realize that you’re not alone in this frustrating market. I am working with a handful of sellers who have found the home of their dreams as well, but are waiting until they have had some meaningful activity with the sale of their home before acting. How is the activity with your home? Have you had many showings? Have your open houses been well attended? Have you had any prospective buyers visit your home multiple times? It sounds like you have your heart set on your new home. I would talk to your agent about your feelings regarding these price adjustments. Personally, knowing how you feel about this home, I would suggest that you do whatever it takes to sell your home now so that you can remove your home sale contingency. Repositioning your home in this market is one suggestion. Offering seller-provided-incentives is another suggestion. Some examples of these incentives include closing cost credits and other seller-assisted financing (e.g. paying down the buyer’s interest rate). Buyers tend to see the first suggestion as the most helpful since it is the most blatant response. Buyers acknowledge price adjustments because they see them as they are happening. However, buyers will save a greater amount of money if you’re willing to pay down their interest rate. Not only will they save more money in the long run, but you will still be able to keep your asking price where it is. You can also use both of these suggestions together (e.g. drop your price $5,000 and apply $5,000 toward closing costs or other seller-assisted financing). You do have some time to try these out. You are the primary offeror for your new home. This means that you are in the best position to purchase this home and that the only way you can be removed from this position is if the other seller accepts another offer without a home-sale contingency. Knowing that they accepted your offer with this contingency makes me think that they have had a tough time finding a buyer for their home as well. Good luck! ... more
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Thu Feb 1, 2018
Keith Sorem answered:
R
I have great news. Agents are in your area NOW. And if you list your home for sale with them, they will list your home for FREE, yes. that means no cost to you, PLUS, they will sell you not ONE, but TWO homes of your choice. Just call 1-888-555-1212 and yes, you cansell your home...


Wait a minute. Are you serious? R. wake up. Let me ask you. Which is more important. The commission you pay, or the dollars you place in your pocket?

I know the answer, however because you pose the question the way you do, I have to ask you. If I can save you 1%on the commssion, but you loose $10,00 of the bottom line, who cares?
The answer is: You care!. So ask the rigft question:
How can I sell my home for the least cost and net the most.profit?
You have the right idea, but the wrong question. If someone is willing to do their job for the lowest commision, (meaning you are a better bargainer the they are), what will happen when you receive an offer?

You need a shark, a wise and sharp negotiator who can get you the most profit.
If you need more help, post or email me.
Best of luck to you.!
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0 votes 6 answers Share Flag
Mon Feb 25, 2008
Brendan Murphy answered:
There are a lot of ways to make a property stand out. Some are obvious: Keep your home clean and smelling nice/fresh at all times in case a prospective purchaser takes a look with little notice. Keep the yard well manicured or freshly shoveled...depending on your climate. This however will only narrow it down to other homes that look nice of course.
Basic business strategy says to do what the best of them are doing AND then some. Ask yourself why YOU bought your house, what features of it sold YOU??? Then keep those in mind when writing any marketing materials. Pay for the extras, like COLOR in the newspaper. Go to some open houses and then copy the good ideas and have your own!
There are other tricks too, pricing is crucial. Be sure to price competitively, so that in the price range, yours is among the cheapest compared to similar listings/houses. Then consider an incentive, $4,000 at closing ("improvement allowance") perhaps. Some state laws should be checked before doing this as it varies from state to state what a lender will permit on a financed property deal.
Lastly, hire a Realtor!! It may seem as though you're making less money due to the commission fee, however the reality is your bottom line is usually higher with a Realtor. I believe this, it is not a line.
We are the specialists, this is ALL WE DO (100 hours a week for the ones like me :) I would not file my own lawsuit when I was taking legal action against someone who wronged me. My lawyer is $200 per hour and I think he/she would get me more $ in the long run and avoid the pitfalls a greenhorn might fall into. I pay an accountant to do my taxes.....because I want an expert handling $1,000s of my money, I don't want to make mistakes as a non-specialist. And if you want to stand out, hire a Certified Residential Specialist, this is their whole philosophy, their motto is "stand out from the crowd". So we figure out how to make marketing and ultimately your home stand out. If nothing else, go to their web site and look at what Realtors who stand out use to do the same for your house. Hope that helps!

Brendan Murphy
Broker, CRS, GRI, ePro
Raving Real Estate
Laramie, Wyoming
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Wed Jan 16, 2008
David Ray answered:
Melissa, according to Multiple Listing Service, this property has not sold. Unfortunately, it does not appear to be on the market. Please e-mail me at dray@shorewest.com if you have any questions.

Best regards,
David
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