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Old 03-24-2008, 06:19 AM
 
Location: San Antonio
4,149 posts, read 9,310,429 times
Reputation: 3308

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If you're listed for sale with a Realtor, get them to list it for rent as well. I've done that for a few of my clients. Doesn't cost you anything. Craigslist tends to solicit a lot of calls and emails, but rarely do they pan out. The paper is all but dead for advertising real estate.

9 times out of 10, if you're not getting many showings, you're priced too high. Not sure if that's the case. Did your Realtor get any feedback from the showings you had?
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Old 03-24-2008, 04:05 PM
 
330 posts, read 1,234,749 times
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Just got a call about a showing tomorrow, woohoo.

Both realtors used showings.com (not sure if that's standard industry practice) and the feedback there has been extremely positive. Lots of "fantastic house! but did not meet buyer's needs"-type comments. My guess is everyone gets generic comments like that.

The problem with the home-being-overpriced argument (and I'm sure you've heard this a thousand times before) is that yes, of course the home is more likely to sell if the price is dropped. If I drop the price to $50K, I bet I'd have it sold by the end of the day. But by just isolating one factor, it ignores the rest of the issues that play into whether a home sells. In my particular case, a big issue (besides price) is a lack of knowledge about the neighborhood. I'm pretty confident that if I could get more families to see the home (say, one a week), it'd be sold within 2 to 3 months.
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Old 03-24-2008, 05:07 PM
 
Location: San Antonio
4,149 posts, read 9,310,429 times
Reputation: 3308
Good luck with the showing.

And yeah, I've definitely heard that before too. What I mean is that it might just be slightly overpriced. Sometimes a thousand bucks makes it appeal to an entirely different crowd. There are a ton of things that go into correctly pricing a home.

Pricing is a funny thing. I took over a listing that was priced too low once. It was priced at $570,000 with another agent for over 8 months. I took it, raised it to $600,000 and sold it in 60 days. I had to make it appeal to a different crowd, that was looking for a higher priced home. We ended up negotiating down to about $560,000, which was where the owner wanted to end up anyway, but this way the buyer thought they were stealing it from us.
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