So is the sale of my home hopeless? (Union, Madison: renting, buying a house)

[tahiti]

Originally Posted by JERSEY MAN

Ellw2ood, if they priced there homes reasonably they would sell, people are still on pipe dreams, houses went up close to 100 percent in 4 or 5 years. Its now time to pay the piper. My wife and I were driving around the other day and stopped at an open house in Pt. Pleasant. We saw a small ranch on the water and took a guess on the price. We guessed 549K due to it having about 30 feet on the water. We go in and they have 3 10 ft. by 10 ft. bedrooms and a built in pool. The realtor says to us what a great deal this is at 945K YES 945K. She also says that the people bought at 874 two years ago. They raised the price instead of lowering it. I wouldn't offer more than 500k on that home. Yes the market sucks and you must be a realtor if you say that things are moving. Most people can't even sell at a drastically reduced price. If you want a laugh look at that house on realtor.com

holy thread resurrection. i wonder if the OP ever sold.

I'm responding to JM's post because I'm wondering if this house ever sold? Do you know?

[lisadutka]

Never give up!!

[FlyersFan]

Originally Posted by Shanlynn1012

From what my realtor is saying and the amount of response to my house I am beginging to think it is. Everyone is saying it is the market and it is a bad time to sell. But I am someone who needs to sell, so what can I do. Do you guys think the market is hopeless??

Listen up........I have been in the real estate industry in a service busines (radon) capacity for 20+ years. This is traditionally a slow time to sell......your not going to find serious buyers looking until after super bowl weekend and the weather warms up a bit. First....you have to have your house priced right.....check the comps that are near you and price your house right according to those comps......second......if you want showings then you have to entice the realtors to show you house by making it worth their while to do.....that means you have to offer a bonus to the selling agent.....list your home at 5% with a 1% bonus to the selling agent......you'll have agents fighting to show your home !!!!

[tahiti]

Originally Posted by FlyersFan

Listen up........I have been in the real estate industry in a service busines (radon) capacity for 20+ years. This is traditionally a slow time to sell......your not going to find serious buyers looking until after super bowl weekend and the weather warms up a bit. First....you have to have your house priced right.....check the comps that are near you and price your house right according to those comps......second......if you want showings then you have to entice the realtors to show you house by making it worth their while to do.....that means you have to offer a bonus to the selling agent.....list your home at 5% with a 1% bonus to the selling agent......you'll have agents fighting to show your home !!!!

pssst - this thread is nearly 18 months old.....

[johnfrisco]

Originally Posted by tahiti

pssst - this thread is nearly 18 months old.....

And times are even tougher now!

[FlyersFan]

Originally Posted by tahiti

pssst - this thread is nearly 18 months old.....

Well.....someone must have added something to have it appear "current" again......I don't know who but the info I supplied works in good or bad markets ?

[Roselvr]

Originally Posted by FlyersFan

Well.....someone must have added something to have it appear "current" again......I don't know who but the info I supplied works in good or bad markets ?

At the bottom of every post is Similar Threads
Big pet peeve of mine.
Since they've shown up a lot of older posts get bumped back up.

[AndrewMensch]

The last time the OP posted ANYWHERE on here was 8/31/07.

[NatasNJ]

Originally Posted by FlyersFan

Listen up........I have been in the real estate industry in a service busines (radon) capacity for 20+ years. This is traditionally a slow time to sell......your not going to find serious buyers looking until after super bowl weekend and the weather warms up a bit. First....you have to have your house priced right.....check the comps that are near you and price your house right according to those comps......second......if you want showings then you have to entice the realtors to show you house by making it worth their while to do.....that means you have to offer a bonus to the selling agent.....list your home at 5% with a 1% bonus to the selling agent......you'll have agents fighting to show your home !!!!

Side note. I don't get this aspect. Maybe I am a unquie buyer by dictating what properties I want to see instead of depending on my realtor to decide for me. I get all the listings from my realtor via emails. So I see every house in the market in my price range in the towns I asked for. Then when these emails go out I look them over and think I want to see these x houses. I never look or care about realtor % or anything. And the minute my realtor suggested looking or not looking at a property because of that % I would kick them to the curb. I just don't get it.

[AndrewMensch]

Originally Posted by NatasNJ

Side note. I don't get this aspect. Maybe I am a unquie buyer by dictating what properties I want to see instead of depending on my realtor to decide for me. I get all the listings from my realtor via emails. So I see every house in the market in my price range in the towns I asked for. Then when these emails go out I look them over and think I want to see these x houses. I never look or care about realtor % or anything. And the minute my realtor suggested looking or not looking at a property because of that % I would kick them to the curb. I just don't get it.

Realtors can not convince you or anyone to buy a house, and any Realtor who shows a house based ONLY on an extra 1% is not smart.

I do send listings by email, but also know areas better then my buyers, and once I meet and work with buyers we see what they like and don't like. I also suggest things that may be a bit different because the buyer may not be aware of the option. I are not manipulating the buyer, only trying to find him/her a house that they like.

Sometimes the buyer says "I hate ranches... show me anything else."

The Realtor follows their direction, then calls to make a follow up appointment only to hear, "ya know, we were driving around and saw this ranch at an open house with XYZ Realty. We loved it and are in contract!"

Ask any Realtor, and they'll tell you stories like this....

I've learned this the hard way. I ask my buyers to be a little flexible and check out this house that is not exactly what they want, but is nice.... and have sold homes this way to happy and satisfied customers.