Florida Realtors (sales, house, buyers, credit)

[Eric Young]

There is no disinterest, Vero...there is a lack of buyers (and you're overpriced).

[InflationNation]

Originally Posted by Eric Young

There is no disinterest, Vero...there is a lack of buyers (and you're overpriced).

But it's just easier to blame sellers agents for not marketing well enough, right?

They're also conspiring to not sell her house. They don't care about making money. Their only concern is to watch her crash and burn, eh?

At some point, I'm predicting the seller (Vero) will get very angry at the lack of interest, fire the realtor, and put it on the oversupplied renters market.

[ipoetry]

Originally Posted by InflationNation

At some point, I'm predicting the seller (Vero) will get very angry at the lack of interest, fire the realtor, and put it on the oversupplied renters market.

This is my home. Why would I rent it out to strangers? Your crystal ball is broken, inflated one.

[InflationNation]

Originally Posted by verobeach

This is my home. Why would I rent it out to strangers? Your crystal ball is broken, inflated one.

My bad. I thought you bought a home somewhere else and were potentially going to be double mortgaged. My apologies.

[GregTraub]

Originally Posted by verobeach

1. We bought a year before the peak at preconstruction prices. There's plenty of room for profit. Are you going to begrudge us this?

Jeez, you realtors sure get mean around the holidays. Luckily we have a decent listing realtor who gets off her butt to run open houses every weekend, places Sunday adds, and who follows every lead that comes her way. It's the lack of cooperation in MLS that I was complaining about.

We've had 3 open houses in 30 days and we've gotten 2 nibbles. If it wasn't for the OHs, we wouldn't even have this.

And no one, not our realtor, not any of the 20 from her office who came through the caravan, have suggested that we lower our price.

LOL, looks like we got another brawl between the realtors and everyone else brewing! I don't like getting involved with that so I'll just make some statements and spare you the canned line "lower your price" even if it is prudent, I don't know your area and will not pretend to know what is best in your situation.

Anyway, Sounds like you have a decent listing realtor, the fact that she follows up on every lead already puts her ahead of most other realtors out there. (beleive me I work with them...at least attempt to...everyday!)

As far as your comment about all florida realtors not cooperating on the MLS, that is just hogwash, at least in my area. 90%+ of homes are sold through a co-operating broker. Either your area is unique, everyone is on vacation for the holidays, or no one is interested in your neighborhood.

What your realtor may want to do is stop doing open houses, at least not as often. Their time could better be spent prospecting for buyers, prospecting realtors in other area's where people are moving from (I know vero is a popular retirement area), and going to OTHER AGENTS open houses....drop off some material about your house to that realtor, it will foster some cooperation from other brokerages and let your realtor see more of what your competing against (remember you are not JUST competing with homes in your one neighborhood). Are you looking for people who "nibble" or for people who take bites?

My father is selling a place around Vero (specifically Hutchinson Island). I couldn't properly sell their place myself since I'm in Orlando, but found them the best agent in the area. Even with that they have only had luke warm interest over the past 4 months, it's just the way the market is. On a positive note they actually just got an offer yesterday....all cash too!

[olecapt]

Originally Posted by Eric Young

There is no disinterest, Vero...there is a lack of buyers (and you're overpriced).

And if all the 90 day comps within 8 miles suggest she is correctly priced?

[Eric Young]

Originally Posted by olecapt

And if all the 90 day comps within 8 miles suggest she is correctly priced?

Then she needs to take Greg's advice and be patient. As you well know, if we could magically make buyers, we would. They are just very scarce right now and most of the few that are out there aren't looking for "properly priced" homes - they're looking for "deeply discounted" homes.

I actually know Vero reasonably well (the city, not the seller). I used to spend my Christmases at my grandparents house on Pelican Lane. What great memories!

[kevcrawford]

If your house isn't selling, it's overpriced. Period.

Every house will sell if it's priced right. If it's a slower market, you have to price it as such. If it needs work, you have to price it as such. Just because something might have sold for a certain price last year, doesn't mean it will sell for that this year. You're not priced correctly. Whether it's because of the market, condition of the home, etc.

It's not a matter of being rude. It's a matter of people telling you what you don't want to hear.

[soothsayer1234]

Originally Posted by kickinbackfl

I understand how you feel, Iam in Oviedo! I'am seriously concidering changing my realtor again!! I've really had it! BTW dm me your MLS# because we are looking in Oviedo and Geneva, we would like a little more space in between the homes, if you don't mind. Anyway, best wishes to you!! Also, I post on Postlets.com, Craigslist, and Zillow.com you might want to do this also, if your realtor isn't already.

You know, regardless of what you are trying to sell, if the market is glutted with product, it really makes no difference what you do, short of drastically dropping the price. Whether beanie babies, cars, or houses, if too much is out there, nothing much to do besides drop the price or take it off the market. At this point, you have a perfect storm of a huge glut of sellers AND a wounded and hobbled mortgage market, making it virtually impossible to sell short of dropping the price, possibly for a lot. I would suggest to everyone out there, particularly in markets like florida and southern cal,, to just take your house off the market if things are that slow and bad. Why waste your time, vent and point fingers at everybody, and feel miserable. In 2-3 years, things will pick up, far fewer homes will be on the market, more baby boomers will hit retirement and start buying florida homes, and the credit markets should be more settled, with the worst and most insolvent firms plum out of business. Just take the home off the market and wait a couple years. It's simply all you can do at this point.

[olecapt]

Originally Posted by soothsayer1234

You know, regardless of what you are trying to sell, if the market is glutted with product, it really makes no difference what you do, short of drastically dropping the price. Whether beanie babies, cars, or houses, if too much is out there, nothing much to do besides drop the price or take it off the market. At this point, you have a perfect storm of a huge glut of sellers AND a wounded and hobbled mortgage market, making it virtually impossible to sell short of dropping the price, possibly for a lot. I would suggest to everyone out there, particularly in markets like florida and southern cal,, to just take your house off the market if things are that slow and bad. Why waste your time, vent and point fingers at everybody, and feel miserable. In 2-3 years, things will pick up, far fewer homes will be on the market, more baby boomers will hit retirement and start buying florida homes, and the credit markets should be more settled, with the worst and most insolvent firms plum out of business. Just take the home off the market and wait a couple years. It's simply all you can do at this point.

Or simply sit there with it on the market and wait. The probabilities continue to move homes at rational prices. Just not very many. However a home off the market has far less than the 3 or 4% chance of one on the market. Note that even with a two year inventory there is a 50% probability you will sell in a year.