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Real Estate Success Tips
COSTLY SELLING
MISTAKES YOU MUST AVOID
Some houses on the market sell
before they even get a sign up in the front yard while others just sit there
without taking any action.
You've had your house on the
market. Why isn't your home selling? There could be several reasons that a house
doesn't sell quickly. Here are some considerations:
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When you get ready to hire
realtor, make sure you talk to several before making your final decision. If
one realtor thinks your house can sell $20,000 more than the others, stay
clear. More than likely, that realtor just wants your business, will wait a
few months for the house not to sell, then, convince you to lower the asking
price to what you probably should have asked for in the first place.
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Make sure your seller's
realtor is working with a realistic figure. If they have the home
overpriced, it won't sell.
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Be open to the fact that
you may need to do some upgrading to get the house to move. Perhaps the
interior needs a fresh coat of paint or some of the carpet needs to be
replaced. Although it may cost you a little bit of money, it will also get
people interested in buying.
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Another reason a house
doesn't sell is location. Unfortunately, there isn't anything you can do
about that. However, what you can do is ensure your home is in good
condition, neat, clean, and presentable, and work with the price. If you're
working with a good Realtor, hopefully you won't have to come down on price
too much. However, if the location isn't good, lowering the price will be
something you have to consider.
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If you are working with
realtor that has a bad reputation, you could have trouble selling your home.
Just as with any industry, realtors communicate and network. Therefore, if
there is one realtor causing problems, others will stay as far away as
possible. That means if your home is listed with the "bad" realtor, other
realtors are less likely to show your home to their buyers. This is why it's
so important to do your homework at the beginning and find a good, reputable
realtor. |
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Make sure your realtor is
doing more than just putting a sign in your yard. Part of the realtor's
responsibility is to market your home. This means good advertising, open
houses, MLS listings, flyers, whatever it takes to get the word about your
home out to the public.
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Have an appraisal done on
your home and have the realtor do a competitive analysis of other homes
similar to yours in your geographical location. Make sure you are working
with Fair Market Value for your home and not an over inflated value.
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When people are looking at
your home, if you happen to be there, don't try to help sell the house. Be
polite, stay out of their way, and expect that they will look in every
closet and under every sink. If asked a question, answer honestly.
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If you are working through
realtor but have someone just show up at the door wanting to look at your
house, this is a tough one. Remember that you are under contract with the
realtor and therefore, are required to have the realtor show the house.
Immediately contact the realtor to see if they can come over quickly. If
not, get the name, contact information of the interested party, and get that
information to your realtor quickly. Showing your home on your own could
void your contract with the realtor and, end up costing you their fee.
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It is also very important
to know and understand your rights and responsibilities. Understanding your
contract and knowing the terms could save you a lot of money in inspections,
repair, or maintenance.
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If at any time you are not
happy with the way things are progressing, sit down and talk to your realtor.
Explain to them what your concerns are. If they are a good realtor, they will
listen and make the appropriate adjustment.
This Report was brought to you
by your local Realtor Brian LaDue.
If you have any real estate
needs, call (586) 873-2242 and Brian will be happy to assist you.
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