Realtors have the opportunity to make the biggest difference in the housing recovery.
And it would be so easy, so common sense that it has escaped most agents out there. The closest thing to an easy fix for this solution is to...
PRICE YOUR LISTINGS RIGHT
or
TAKE THEM OFF THE MARKET
An estimated 30% of listings are currently overpriced. If those listings were priced to sell, or taken off the market, inventory would rapidly drop and move us closer to a balanced market.
Sellers have a role in this as well. And agents would be well-served to emphasize this when considering taking a listing.
DON'T PUT YOUR HOUSE ON THE MARKET UNLESS YOU ABSOLUTELY MUST SELL IT!
If you are thinking about selling your house, seriously consider your options. There is no room in today's market for putting it out there "just to see what we can get." If it's not priced aggressively, you will get NOTHING. And it will draw out the housing market's recovery.
Most of these ideas are not at all new. It's just in the last few years that the idea of using your own home to make a quick profit has come to be considered normal. Real estate always has, and always will be, a long term investment. Agents and sellers, and buyers for that matter, would all benefit from keeping that perspective when considering their next transaction.
Best Regards, Melissa Tolson
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