Any ones home sell?

[Dee2e]

Originally Posted by cmj_fla

That is the problem for them too - their realtor just wants to bring the house down and not market it. Its on the MLS but that's it! No open houses, no adds in the papers or online. You really have to get it out there and shine for people to notice it.

Internet marketing is so important because most buyers start searching online. Local newspaper ads have not been effective here lately, out of state ads have been getting calls but no buyers for me, however, eventually, some of those calls may turn into purchases eventually. Magazines have proven to be a waste of money (real estate magazines). Open houses are not the best way to sell a house. As an agent, I do them because sellers like them and if I find someone interested in buying, I can can find them a house, whether it's the one they visited or another. Open houses often bring neighbors. In one subdivision, you have to request permission of the HOA to put up Open House signs to hold an open house!

A good agent is spending time, effort, and money on Internet marketing and contacting other agents with your listing. If you can't sell the listing to other agents, the house may sit for a long time.

The biggest obstacle I find when working with buyers is agents that don't provide showing instructions, or that have a showing button in the MLS that says to call the agent, you call the agent to get told to call the office, then get told to call the seller. After all those hoops, I just find another home to show! Ther are over 26,000 listings in my market area!

Recently, I called an agent for showing instructions to get a voice mail that says they don't give showing info over the phone! I called because their showing instructions said to call the listing agent! I showed another property.

Last week I called to show a preforeclosure home to a cash buyer. The agent told me their were two contracts and the bank was getting ready to make a decision and that she didn't want me to put in a 3rd offer! I didn't show the home, took my client to the builder and my client bought a home.

Lately, when I search for buyers, it's normal to find 500-600 homes that fit the basic criteria! What can I say? If your agent is not agressively marketing, providing the right info to other agents to help sell the property and just putting the house in the MLS and forgetting you, I'd think about intervieiwing more agents.

Your home is a valuable investment and the sale should be handled by someone who values you as the customer and markets your investment property. All homes eventually sell if the seller is motivated to sell!

Buyer incentives have been very helpful in getting transactions to close.

[3lilkeets]

Originally Posted by CURT

Zillow may show what someone paid for the house but it doesnt show if there is a second mortgage. my house shows i paid 90k for it 16 years ago. you wouldnt know there is a second mortgage on it also.

But, if you only paid 110,00 in the last 5 years (16 years, I'll give a lot of appreciation), what are you doing taking out a second mortgage? I really have no need to buy that house, or bail that person out. I don't mind a fair price, and since I'm in no rush, I can wait until the market comes down. I'm just saying I'm shocked at all the people that want 100% appreciation in just couple of years. I can happen-- but I won't be the sucker buying in :-)

[CURT]

Originally Posted by 3lilkeets

But, if you only paid 110,00 in the last 5 years (16 years, I'll give a lot of appreciation), what are you doing taking out a second mortgage? I really have no need to buy that house, or bail that person out. I don't mind a fair price, and since I'm in no rush, I can wait until the market comes down. I'm just saying I'm shocked at all the people that want 100% appreciation in just couple of years. I can happen-- but I won't be the sucker buying in :-)

I agree.
however, a person may have purchase for 110 and redid the bathrooms and kithcen, etc and zillow would not refect that on its own. It shows costs based on size and comps. It doesnt include upgrades if any where done. Unless someone purchased a new home its very possible they have done all these things. It is also possible they have a home equity loan so they could do these things.
I am only saying that zillow is a good tool to see which way the market is going but not as good for pricing. my neighbors house was "zestimated" about 20k lower than it actually sold for 4 months ago. It was estimated on size but the house had alot of extras.

[Dee2e]

Originally Posted by CURT

I agree.
however, a person may have purchase for 110 and redid the bathrooms and kithcen, etc and zillow would not refect that on its own. It shows costs based on size and comps. It doesnt include upgrades if any where done. Unless someone purchased a new home its very possible they have done all these things. It is also possible they have a home equity loan so they could do these things.
I am only saying that zillow is a good tool to see which way the market is going but not as good for pricing. my neighbors house was "zestimated" about 20k lower than it actually sold for 4 months ago. It was estimated on size but the house had alot of extras.

Zillow is a "zestimation" based only on raw numbers. If you are in a neighborhood where homes don't sell frequently or get quit claimed to family, Zillow "zestimates" are not on target. Appreciation, improvement, etc are not considered. Truthfully, I'm surprised someone has not tried to sue them.

Your post is very good in that respect.

However, what a person owes on a property is not the buyers concern. The buyer only cares about what they must pay to get the property. It's the buyer that sets the price. Anything is only worth what someone is willing to pay for it, whether it's a home, car, TV, diamond ring, suit, or cup of coffee.

[AONE]

To this date there have been 13,300 homes sold this year for the greater Orlando area The same area showed 21,355 for the year before. While it isnt the market it was it is still an active one. This market has realtors in a position where they must sell more and promote instead of hoping someone calls. Keep the faith Orlando your homes will sell BTW there are 20,077 listing as active. It seems the actives have fallen some what to me.

The numbers for Orlando only are - 4702 sold year to date, 6888 listed, 462 pending, last year solds = 8174. All these numbers are only what was listed as single family homes.

We are lucky our market is this active. there are many places that are really bad

[CURT]

Originally Posted by Dee2e

Zillow is a "zestimation" based only on raw numbers. If you are in a neighborhood where homes don't sell frequently or get quit claimed to family, Zillow "zestimates" are not on target. Appreciation, improvement, etc are not considered. Truthfully, I'm surprised someone has not tried to sue them.

Your post is very good in that respect.

However, what a person owes on a property is not the buyers concern. The buyer only cares about what they must pay to get the property. It's the buyer that sets the price. Anything is only worth what someone is willing to pay for it, whether it's a home, car, TV, diamond ring, suit, or cup of coffee.

I agree with this also. There is just a diference in those who need to sell and those who do not.

[kastika]

speaking as a recent buyer

if i did not see enough photos on the MLS or there wasn't enough information to answer my questions right away (and these will differ for every buyer) i did not ask to see it... i know when i sell this house i will get a professional photographer to take the photos.

also, spend time on your bathroom and kitchens.

[her2001]

I agree. I have been doing some research and some houses you just can't get much info on or they have just one image.

I would kick my realtor in the rear if that was my house.

There are plenty of properties to look at and the next button is to easy to hit and move on.


When I was looking at South Fla last year it was even worse. Like the realtors did not care ??

[LMB]

Originally Posted by AONE

The numbers for Orlando only are - 4702 sold year to date, 6888 listed, 462 pending, last year solds = 8174. All these numbers are only what was listed as single family homes.

We are lucky our market is this active. there are many places that are really bad

Our house was one of those 4702 sold. It was only on the market for about a week or so--two showings and the 2nd family bought it. We know we were extremely fortunate. Our realtor was excellent, but also we priced our house slightly under others for sale in our neighborhood. There was nothing that unique about our cookie-cutter subdivision home, but it was immaculate and in very good condition. By the way, we insisted on taking our own photos. Maybe that helped a bit, who knows?

We'd sold three previous homes ourselves (in the midwest) in the past but the crazy 2007 Florida market scared us, so we listed with a realtor. We found someone who had a lot of experience and also sales success in our area. It was a "chunk of change" to pay out for such a quick sale, but we didn't regret it for a minute. If you decide to list with a realtor, look for one who is selling in these slower times--the best ones are still making sales.

So yes, some houses in Orlando are selling. It takes the right buyer, the right house and the right price. In this currently over-saturated market, those are three difficult combinations to get, but it does happen. Hang in there.

Good luck to all with homes for sale.

Lynn

[Karentee47]

My land and home hasen't budged!!!!
I have lowered my price over 60 grand too
but i do have about 80 thousand in equity
so not too bad