Real estate blog entries tagged with listing agent tallahassee by Joe Manausa - Tallahassee, FL, Tallahassee Real Estate (Joe Manausa Real Estate)

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listing agent tallahassee: Don't Let Online Information Mislead You When Selling A Home - 04/11/17 09:00 AM

The internet provides access to information that helps homeowners better prepare for a transaction.
With selling a house, as with many other assets and commodities, relying solely on information found online can lead to poor decision making for the homeowner.
Here is a real world example that should cause you to better prepare when it comes time to selling your Tallahassee house.
Let's say you had your house on the market and were waiting to put an offer on your next house until you received a good contract on your current one. If you studied data that can be found online, you might assemble something like … (6 comments)

listing agent tallahassee: Does Your HOME PRICING STRATEGY Work For Today's Buyer? - 09/20/16 03:21 AM

In every industry, you can find pricing techniques that are used to accelerate sales.
This study of pricing and its impact on profitability is a big business, and retailers have learned to live or die with how well they price their goods.
Real estate is not different, and those of us who take the time to measure performance and study the impact of pricing have found some important rules that house sellers need to know.
A Simple Question To Ask When Interviewing Real Estate AgentsAsk your listing agent what would work better, pricing a house at its fair market value, or pricing it $1 … (2 comments)

listing agent tallahassee: Why You Need To Act When Your House Doesn't Sell Right Away - 07/18/16 12:51 AM

Nothing is more frustrating than a product or service that fails to perform as expected.
In the case of real estate, you hire a listing agent to sell your house because he says he can get the job done, yet several weeks after listing your house for sale you are not under contract. Moreover, you are not seeing the critical signs that indicate that your real estate agent is doing what it takes to get you moved.
Unfortunately for house sellers, there is a large segment of real estate agents who want your listing for ulterior motives. They are prepared to "buy your listing," knowing they won't … (35 comments)

listing agent tallahassee: Zillow - Oops, Sorry Boss, Missed By 40 Percent On Your House - 06/05/16 11:02 PM

If you sold your house for forty percent less than the Zillow Zestimate, would you say that you gave it away? Well, the CEO of Zillow just had this happen!
And he sold his house for as much as he could get in today's current housing market, so this wasn't a distress sale, it was a goof in the valuation.
So how could his "Zestimate" be so inaccurate?
Property Valuation On The InternetThere have been house valuation tools on the internet for many years now, and the one that is most actively advertised is the Zillow Zestimate Tool. Unlike many of my contemporaries who say this technology will never replace … (8 comments)

listing agent tallahassee: Zillow - Oops, Sorry Boss, Missed By 40 Percent On Your House - 06/05/16 11:02 PM

listing agent tallahassee: Did Hannibal Lecter Make This Home Unsalable? - 02/04/16 09:30 PM

"List with me and your house will be featured on more than 500 websites on the internet!"
Well, it you have spoken with a real estate agent about selling your house, you've probably heard that line recently. But does massive exposure really matter?
The Notorious House That Nobody Wants?If exposure was all that mattered, then the house that was featured in movie "The Silence Of The Lambs" would have sold a long time ago.
In a recent article titled "No buyers for "Silence of the Lambs House", CBS news reports that the house has been on the market since last Summer, yet there have … (10 comments)

listing agent tallahassee: The Government Got It Right This Time On Mortgage Debt Forgiveness - 01/11/16 09:58 PM

For the past several years, readers would routinely ask me if the short sale tax forgiveness will be extended, so I'm happy to say ...
Santa Claus came early last month.
On the last Friday before Christmas, the President signed into law the Mortgage Relief Assistance Act as part of the $600B spending bill that passed in the House of Representatives and the Senate.
And this extension is different from the last ones.
This time, it was not only retroactively extended to address all 2015 short sales and foreclosures, this version of the mortgage debt forgiveness extension is proactive as well, addressing distressed home sales through all of 2016.
For the … (60 comments)

listing agent tallahassee: What Listing Agents Say To Get You To Hire Them - 01/03/16 09:38 PM

How do you know when you are about to hire the wrong real estate agent? It's simple. Ask a question related to the agent's ability to sell your house for more than it's worth.
If the agent takes the bait, then he's the wrong agent to hire.
What Listing Agents Say To Get You To Hire ThemHere's the sad thing about "how it works" when you interview many real estate agents for the job of selling your house.
They are trapped between what you need to hear and what you want to hear.
Most sellers love (or at least dearly like) their houses. They have lived … (6 comments)

listing agent tallahassee: Is There Some Magic In Your Home Selling Plan? - 10/13/15 01:40 AM

The Tallahassee real estate market is enjoying its best year since 2007, and real estate agents are selling homes more easily than they have been able to do for quite some time. But that does not mean that all homes are selling.
It is amazing the number of homes that fail to sell during their first six months on the market, even as supply is on the decline and demand is on the rise.
Until you go through it yourself, you just do not realize how much stress and anxiety are created when you have your house listed for sale, maintaining it "ready … (0 comments)

listing agent tallahassee: 10 Topics To Discuss With A Listing Agent After 5 Years On The Market - 10/05/15 10:59 PM

As I was updating our database on listings in Tallahassee, I came across a house for sale with the same listing agent since November of 2012. I got to thinking ... what the heck do they talk about during their weekly phone calls?
You know, when your listing agent calls you each week to give you an update on the marketing and what the competition is doing. How exactly does that conversation go?
So I dug even further to find out how long each homeowner who has a house on the market today has been listed with their current listing agent, and the … (45 comments)

listing agent tallahassee: Has Your "Buddy" Sold Your Home Yet? - 08/30/15 11:06 PM

So you finally decided to sell your house.
You called your buddy who is "in real estate" and asked him to take a look at your house.
He came over, told you how great your house was, and even said he had several people who would be interested in it right away.
He asked you what you wanted for it, whipped out a contract (listing agreement), and had you sign up on the spot.
He told you to start packing, he would 'get er done.'
He put the sign in the yard, the lock-box on the door, took a few pictures, and he was gone.
But that was … (4 comments)

listing agent tallahassee: How To Maximize Profits When Selling Your Home - 08/10/15 11:31 PM

I just had an incredibly pleasant experience with a tree service company that I felt would make a great example of types of things you can do to increase the value of your house (without spending more money than the value created).
You see, most houses in Tallahassee are selling at prices far below the replacement cost, so many things that you might want to do to increase the value of your house are not actually profitable. Do you really want to spend $20,000 to make your house worth $15,000 more to a buyer?
Unfortunately, that is really the case with most improvements, so … (16 comments)

listing agent tallahassee: The Two Key Emotions To Evoke When Selling A Home - 08/05/15 10:37 PM

When it comes time to choose the price you ask for your house, I strongly encourage you to give this some serious thought.
Our studies show that a house priced correctly at the onset of the initial marketing plan will, on average, yield 6% to 8% more for the seller than one in which the seller prices high and then reduces until it sells.
There are many reasons (we believe) that the seller will eventually get less, but it usually comes down to a combination of a few key factors, fear and greed.
Why Fear and Greed Rule The Housing MarketWe advise our house … (128 comments)

listing agent tallahassee: One In Eight Home Sellers Make This Mistake - 07/19/15 11:37 PM

As part of my diligent effort to seek and find new trends in the Tallahassee real estate market, I do a weekly analysis of every single listing (house for sale) in the Realtor MLS.
Lately, I have noticed that about one in every eight homeowners is choosing to raise their asking price when they come back onto the market after having failed in the past.
The logic of this has me at a loss ... what are they being advised? How does that chain of thought go ... "Nobody wanted your house when you had it listed for sale for $250,000, why don't we try to … (6 comments)

listing agent tallahassee: Seriously, How Long Does It Take To Sell A House? - 07/13/15 11:15 PM

Back in the days before the internet in real estate, if you wanted to sell your house fast, you likely were going to leave money on the table.
Marketing methods in the past took many months to engage (from planning to production to publication) that a house seller seeking a speedy sale needed to cut her price so severely that price alone would attract a buyer from the local community. "Hey, did you hear Mary is only asking $165,000 for her great mid-town home?" Word of mouth would find the ears of somebody looking for a deal.
But times change.
Today, we know that … (10 comments)

listing agent tallahassee: Don't Let Your Agent Cost You Money With These 4 Listing Mistakes - 07/05/15 11:00 PM

I have been working extra hours on some of the advanced features of our property search tool lately, and during these times I continue to discovery key mistakes being made by the listing agents hired to sell a home.
In case the term "listing agent" is new to you, it simply is real estate industry jargon used to define which salesperson procured the agreement from a homeowner who wants to put a house on the market for sale. So if a seller meets with agent "Mary" and chooses to hire Mary for the job of selling their home, then Mary is said … (2 comments)

listing agent tallahassee: Do Not Tolerate This Error From Your Seller's Agent - 06/15/15 11:55 PM

Now that our property search tool and new edition of the Tallahassee Real Estate Website has been up and running for 60 days, we have completed a majority of the testing to ensure it's accuracy.
I have asked our readers and property tool users to drop me a note any time that an issue or problem is found, and we have (thank you) received quite a few that have been resolved.
But there is one common issue that we receive regularly that just blows my mind, and it is so important that house sellers should add this to their checklist of items to ensure that their real … (2 comments)

listing agent tallahassee: A Good Real Estate Question - 06/03/15 12:40 AM

There is a new type of property owner whose ranks are growing since 2009.
It's that group of people who have lived in their present home for several years and are contemplating a move. Unfortunately, for the first time in history (well, at least for the period of time that I have been selling homes in Tallahassee), they do not have the equity required to both sell their homes and make a decent down payment on the next home.
The collapse of the housing bubble initially took about 1/3rd the value out of the Tallahassee real estate market, meaning it took more than 100% of … (25 comments)

listing agent tallahassee: Where To Find A $277,777 Home In Tallahassee - 02/08/15 04:31 AM

One of the more popular searches that we are seeing on our brand new Property Search Tool is for houses that are priced between $200,000 to $400,000 dollars.
While I cannot say for sure why this wide price range is so popular, I think it might have something to do with near-historically low mortgage interest rates.
You see, Tallahassee's median house price is right around $165,000, but today's interest rates allow a buyer to have the nearly double the house while keeping the monthly mortgage payment the same (as when interest rates were "normal").
That's right, low interest rates mean you can get a whole … (0 comments)

listing agent tallahassee: How The Shadow Inventory Impacts Supply And Demand - 12/08/14 11:43 PM

Long-time readers of the Tallahassee real estate blog were introduced to the concept of the shadow inventory of homes more than five years ago.
A reader had asked me to explain what it was and whether or not Tallahassee was dealing with more than its fair share of homes that fit the description of "needing to be sold" yet not listed for sale in the Tallahassee MLS.
We explained that the real estate shadow inventory includes homeowners who are facing foreclosure, banks or lenders who have foreclosed on homes and now own them, homeowners waiting for the market to improve, and people who have failed to sell their home recently … (32 comments)

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