Huston Real Estate


4586 Salling Avenue, PO Box 146, Lewiston, Michigan 49756

Phone 989-786-2240 - Toll Free 888-216-9686 - Fax 989-786-5355

 

 

 

 

Tips For Sellers

Top five reasons why a home doesn’t sell!  Avoid these at all costs!

Nationwide research has shown that there are five main reasons why real estate doesn't sell in a timely manner. They are price, condition of the property, location, the listing agent, and the marketing. Let's take a look at each of these individually.

Price
Every home will sell if the price is right. Nothing else matters if the dollars are low enough. So if a house is overpriced, it will most likely be overlooked. There are agents who will quote a price only to have to reduce it later. A home's value can be like the stock market, although it may have been worth more previously, it is only worth what it will bring in today's market. How did you arrive at your price. An agent who does a thorough and complete comparative market analysis is essential.

Condition of property
Buyers are looking for model home conditions and with so many new homes available, the competition is tough. Make your home "buyer ready" by keeping everything clean and orderly, to include fresh paint and professional carpet cleaning. Buyers want to be able to move right in without having to accomplish a long to-do list first.
 

 
 

Selling Your HomeLocation
The third reason a house may not sell in a timely manner is location. Such things as schools, crime, neighborhood appearance, traffic, etc. can be factors. If the location of your home is affected by one or more of these issues, then a lower listing price may be the only answer. However, favorable terms could also help sell your home.

Listing agent
If the listing agent hasn't done their job (i.e . effectively market the property, retuned all calls in a timely manner. followed up on all leads, etc.), then maybe the listing agent could be the problem. If an agent is difficult to work with, other REALTORS® may not want to show his or her listings. Even though such behavior goes against the REALTOR'S code of ethics, it is human nature not to want to work with someone who is difficult to work with.

Marketing
If your house won’t sell but you feel the house is priced right, in move-in condition, in a good location, and your agent is easy to work with, then the marketing plan, or lack thereof, is probably the problem. No longer can an agent take a listing, put a sign in the yard, place the property in the MLS, put an ad in the paper and wait for the offers to come pouring in. The effective agent will make effective use of the latest technologies.

Ease of showing is the area where you have the most impact on your properties marketability. If you don't allow your agent to put a lock box on your property, you will miss out on a huge part of the showing market. Why is the lock box so important? Because when a buyer's agent has a list of properties to show, they will show the properties that are easiest to see first (with lockboxes) and properties without lockboxes last. Their buyer may find their dream home before ever seeing yours.

Don’t even think about listing your home! Not until you ask 15 critical questions to qualify your potential agent!

Just knowing what to ask gives you the power to make an informed decision. And making an informed decision now will save you valuable time and precious equity. You may be surprised, even shocked, at the responses you will get.

Put yourself in the best possible position to sell your home. Hire the agent who will sell it, not just list it!

Are you a full-time realtor?
Do you have an assistant or team of specialists working for you?
Do you have a specific marketing plan that will put my property in front of all prospective buyers?
Is your marketing plan designed to create a competitive demand for my property?
Does your marketing plan include extensive Internet exposure?
Does your marketing plan include 24-hour access to information about my property for any prospective buyer?
Do you have a real estate professional who is always available to answer questions and show my property?
How often will I receive a comprehensive progress report that will show me where my property is being marketed and shows me the feedback from all the showings of my property?
Do you have an effective system for following up on all the showings of my property?
Do you have an aggressive plan for attracting buyers to my property?
Do you have an closing coordinator who will work on my file everyday and keep me updated until closing?
Will you provide me with the names of at least three past clients?
What is your list-to-sale ratio?
How many properties did you sell in the past 12 months?
Do you attend professional courses and seminars on a regular basis?

 

 

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