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I know you really don't want to hear it but if you are not getting showings, it can be one or more of these three:
1. The house is over priced!
2. The house is showing god ugly!
3. You agent is not making appointments to show it.
Now, go figure out which one and correct it.
I know it is price, reality is hard to deal with in this case. I received feedback from the realtor caravan. Nine forms were received - 6 gave us 15/15 points bases on price, exterior and interior. The other three knocked off a point or two for price. We have taken another $2000 price drop with another $3000 scheduled for two weeks if nothing is changing.
It is a bitter pill to swallow when you buy a home in a good neighborhood, growing community, take excellent care of it and still lose 10% in just four years.
So true, and now they don't even send listings to realtor.com. However, I have heard that most of the inquiries come from Valley MLS over other sites such as Trulia, Zillow, and realtor.com when they received local listings.
So true, and now they don't even send listings to realtor.com. However, I have heard that most of the inquiries come from Valley MLS over other sites such as Trulia, Zillow, and realtor.com when they received local listings.
I call bull pucky.
How many out-of-staters even know about Valley MLS?
Zero.
They start with Zillow and Trulia.
The agents in Valley MLS are delusional.
I call bull pucky.
How many out-of-staters even know about Valley MLS?
Zero.
They start with Zillow and Trulia.
The agents in Valley MLS are delusional.
That was my reaction too but have heard that from more than one agent. Doesn't make sense for the same reason you state. I don't even know the local site (if there is one) where we are moving and I've been searching listings for six months.
I know it is price, reality is hard to deal with in this case. I received feedback from the realtor caravan. Nine forms were received - 6 gave us 15/15 points bases on price, exterior and interior. The other three knocked off a point or two for price. We have taken another $2000 price drop with another $3000 scheduled for two weeks if nothing is changing. It is a bitter pill to swallow when you buy a home in a good neighborhood, growing community, take excellent care of it and still lose 10% in just four years.
Unfortunately, most people that buy in new or newer neighborhoods want a 'new' home. The better deal is to buy an existing home (usually includes window treatments, additional landscaping, builder kinks worked out, etc.) but people seem to want their own dirt. Builders often offer financing incentives, upgrades, etc. that a single homeowner can't compete with.
Always remember that IF you buy in an area where there is available land for new construction you may be competing with it when you sell!
Many folks have the notion that 'new is better', which in the case of a 4-year old home, is not necessarily the case. Instead of trying to sell against what they've got, try selling the advantages of what you've got!
For example, erect a large sign in your front yard that says:
AFTER YOU HAVE SEEN THE NEW ONES, STOP HERE TO SEE WHAT $### LESS CAN BUY YOU! (Call Phone # for a quick preview!) -- Include some flyers saying the same, but, including some pics and details.
1) Same size, floorplan, ... etc.
2) Still virtually new condition, BUT, with $## in important upgrades and improvements.
3) Window Treatments, Mature Landscaping, Irrigation, .... etc.
4) New construction problems and 'bugs' already resolved.
5) Other Advantages (2-year warranty; appliances, etc)
There is a difference between pro-actively 'selling' a property --- and sitting around waiting for someone to call and ask to buy it (which is what some Realtors do). It's your property, get creative and figure-out how to reach your potential buyers ... and sell it!
That took a crazy long time to sell. They dropped and dropped and dropped. Had they done that at the start, it might have sold earlier.
This is true, it cost us money starting out higher. However, this was all upon the advice of our realtor - it was what we paid for the home four years ago and that's what he believed we should list at. All of the price drops were initiated by us when we weren't getting many showings. After 10 months we changed realtors, relisted with another agent with a different marketing strategy at the same price (his suggestion, two other agents also said we were priced right). It sold in four months - don't know if it was the marketing or just the right time for the right buyer. Either way, if we had started lower to begin with I have no doubt we would have sold for higher than we did.
Anyway...I ran across this on realtor.com and found it worth a chuckle. I think someone owes us the difference over the $290,000 we actually sold for.
this on realtor.com and found it worth a chuckle. I think someone owes us the difference over the $290,000 we actually sold for.
And, some people say Realtor.com is "much better than Zillow". Riiight.
Don't fret. My friends bought their house for $185,000 and our county showed the price as $18,500,000 (for 20 years in the records). But, based the taxes on the current market value of $800K.
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I read that crap also
