Greg Staker
Watson Realty Corp
407-304-0255
email me
Why didn't your home sell?
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What you should know before hiring a Realtor Suggestions for selling your home Does your agent have a website? Is a short sale right for you?
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Reasons why homes do not sell - expired listings - success with selling In the current real estate market, many homes are ending up as an expired listing. An expired listing, simply put, is a home that did not sell during the term of the listing contract. The home may have been on the market 30-60-90 days or longer with no offers or no offers that were acceptable to the seller. What causes a home not to sell? Is it the Realtors fault, the homeowners, a combination of both or something else? Let’s take a look at a few scenarios to help determine what went wrong before and during the listing contract. Who priced the home? When you contact a real estate professional to list your home for sale, you are counting on this agent to provide the best possible marketing plan, you expect that they are knowledgeable about all the contracts involved in the transaction, their ethics and professionalism should not be in doubt AND you should be counting on them to provide you with factual data concerning market conditions that directly relate to your home and it’s value. If you received this data and chose to ignore it, pricing your home substantially higher than the agents suggested list price, you made an error that will cost you valuable market time with no results. If your agent agreed to take the listing with no built-in price reductions or suggestions to improve the home up to the higher value standard, then they made an error as well. The facts are, in today’s market, it almost always comes down to a proper price point. Before re-listing your home, take another look at what has been transpiring in and around your market area during your initial listing period. Did similar homes of the same size and location sell? What were the differences in price, size and condition of those homes compared to yours? How were the homes staged? Did the seller offer the buyer concessions that may have played an important part in making the deal? How many days were the homes on the market before they sold? Did any homes sell in your area? Why not? These are all questions that one of our professional agents can assist you with answering. Choosing an agent that can answer the question, “why didn't my house sell?” can save you additional months of frustration and money. .(August 2007) The number of expired listings continue to rise in Central Florida. Inventory is rising as well which means those homeowners who have been on the market for 3 months or longer without an offer, are decreasing their chance to sell unless they make the needed marketing and pricing changes. If your home did not sell, call us to find out why.
Contact me today for a confidential discussion of your current situation. Greg Staker,
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News and blogs Free report on why your home did not sell.
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