When selling a home , two situations may occur which are red flag indicators of a lengthy sale time. Each requires the property owners' attention in cooperation with their sales agent, and involves either the price or condition of the home.

The first involves a home that has been on the market for 60-90 days, but has been shown only once or twice. More buyers are beginning to enter today's real estate market, and homes for sale should be attracting a number of prospects.

When buyers choose not to tour a home, the reason is often the price. Homes that are attractive, but not being shown, are often priced "above" the market. The key to increasing showings, then is to learn the market price of the home, then reset the price.

The second "red flag" occurs when a home is being shown often, but neither sells nor attracts offers. The home's condition is often the culprit in this situation. Buyers learn the price, then drive by, making a judgement that it is an attractive home. Once they see the home, however, their interest evaporates.

The solution can be a critical "walk-through" by the sellers' agent to identify needed repairs and cosmetic improvements. Until corrected, traffic is likely to remain high, while the chances of selling remain low. Remove these red flags and prepare for a sale!

 
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5 Comments on Turn Those Red Flags Green

JUL
22
833,185 Points 213 Featured Posts Localism Sponsor Outside Blog Hit Router

These matters, price and condition, are so simple and fundamental, one wonders why all agents don't understand them.

 

8:25am • #1
116,887 Points 3 Featured Posts Localism Sponsor

Clark, Thank you for the reminder of the simple basics of marketing a home to sell! The best to you!

8:29am • #2

I agree Lenn, but I hope agents aren't the only people reading my post. Thanks

8:40am • #3
SEP
29
170,029 Points 6 Featured Posts Localism Sponsor Outside Blog Hit Router

Concise and to the point, and oh so true, Clark. If you mean for consumers to read this, then you have to target it for them by marking it "for Consumers" in the Categories section when you post it. And add relevant tags

8:28pm • #4
Hit Router

Thanks William for the tip. I'll have to remember next time I post.

9:09pm • #5

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Clark Cook

Fayetteville, NC

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Exit Realty 1st Class

Office Phone: (910) 864-3948

Cell Phone: (910) 261-9580

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