I recently had a listing that was nearing the end of our contract terms.  I told my office manager that it was expiring and it would be coming off the market at that time.

I was asked; "You aren't going to get the listing extended?"  "No" was my simple reply.  In fact I had a whopping 3 listings this summer come to the end of the contracts; all of which had not sold.

Now all my other listings have sold this year with little to no problem.  So why not these three?

PRICE.

It's plain and simple.  I had 3 listings whose owners refused to meet the market price and wanted to price their homes in a range they "wanted".  Well wants are not equal to market price.

I do not "collect" listings.  I sell them.  If they don't sell - there are usually a few reasons.  The #1 reason is price.  Now there are ways to get that price - and ways not to get that price - but if you want to have the highest priced home in the neighborhood - it better be the BEST home in the neighborhood.  Otherwise - forget it.

 

 

 

 

     

Contact James Downing of the Downing Real Estate Group, if you are selling, buying or have questions!

Office: 202-362-5800   Cell: 703.244.3971

Licensed in Washington DC, Virginia & Maryland.

Coldwell Banker Residential Brokerage - Chevy Chase
5028 Wisconsin Ave NW  Suite 100 * Washington DC 20016

 

             

 

Contact James Downing of the MetroDCHouses Team, if you are selling, buying or have questions!

Office: 202-469-6778   Cell: 703.244.3971

Licensed in Washington DC, Virginia & Maryland.

Real Living | At Home
11 Dupont Circle Suite 650 * Washington DC 20036


 

4 Comments on You won't extend the listing agreement? - I'm not a 'Collector' !

AUG
01
2009
144,308 Points 7 Featured Posts Localism Sponsor

Amen, Bro. Jim.  I've been in the same boat.  I've had a listing for year from a past client I begged to lower the price just so it would get some showings.  No go.  It is now off the market and the owners are trying to rent it and manage it themselves. Another one, bless his heart, really couldn't sell it for a whole lot lower than what he priced it at but it was still too high and he had to take it off the market.

Bottom line --- if you can't or won't price the house so it will sell it doesn't do the Realtor or the home owner any good just to throw it out into the MLS.  It costs the Realtor money and the home owner the annoyance of people tromping through his home.
2:24pm • #1
1,913,523 Points 386 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

James, I had one go with the price pretty right.  No, really right.  That gets to be a real bummer.  They withdrew it and were really sick of living with two small children in a ready-to-show at all times place!  Oh, well!
3:48pm • #2
645,074 Points 15 Featured Posts Localism Sponsor Outside Blog

I'm glad you have the courage to tell them good-bye.  It's the happier way!
9:31pm • #4
AUG
02
2009
549,274 Points 15 Featured Posts Outside Blog Called Shot Master

I have been in that boat... it's hard to say goodbye, but it's best for me and it's ultimately best for them. Not seeing their home sell for months and months is frustrating and if it's over something controllable besides?
10:20am • #5


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