pricing your home: Seller Refuses to Relist with Realtor Tom Because of No Open Houses - 02/26/09 10:10 AM
September 2008
Tom gets a call from David who owns a home in Sarasota, Florida. David wants to sell his home and move to Bridgeport, Connecticut so he needs to list his house. Tom agrees to meet with David to discuss the marketing of his home.
Tom visits David the next day to see his home and present his marketing plan. Tom's marketing plan consists of:
Professional photographs taken of home Virtual tour Enter property on MLS (multiple listing service) Feature home on Tom's website as well as his companies website Listed on several real estate national websites including Trulia.com, … (11 comments)
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pricing your home: Realtor Tom Comes Back to the Business and Learns a Lesson About Advertising and Pricing - 02/11/09 10:22 PM
The last time we saw Realtor Tom he stormed out of his real estate office disheartened and quit the business to get a salaried job. You can read why here. A stubborn and competitive man, Tom decided to come back into the real estate business 2 months later. The steady pay check was great but he really didn't want to have a ceiling to his income.
Linda Lipscomb lives in the Bent Tree subdivision in Sarasota, Florida. She has decided to sell her home and move back home to Lexington, Tennessee. Bent Tree is Tom's farm area. He has been mailing the … (6 comments)
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pricing your home: Just Say No To... - 02/04/09 12:27 PM
Overpriced Listings
Alright, I know it is impossible to get rid of all the overpriced listings out there. I suppose you need some overpriced listings to make the right priced properties shine. However, I still so many ridiculously priced homes out there for sale. I only work the Sarasota, Florida markets but I imagine much of the rest of the country is similar.
Unrealistic sellers/overpriced listings not only waste the buyers, listing agents, and sellers time but it also prolongs the market recovery. A lot of buyers are apprehensive to pull the trigger right now for many reasons - economy, … (7 comments)
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pricing your home: 10 Tips to Pricing Your Home in a Down Market - 11/28/08 03:56 PM
As a Realtor, one of our biggest frustrations is dealing with the unrealistic expectations of a seller. Sellers are notorious for overpricing their homes. The market is saturated with thousands of properties that will never sell without a price adjustment. Lack of comparable sales, poor or no Realtor representation, believing improvements are worth more than they really are, no knowledge of the real estate market, ignoring current competition, needing a certain sales price based on personal expenses and not staying on top of the current market conditions are a few reasons sellers overprice their homes.
What is market value?
International … (2 comments)
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