Special offer

Let Me Google That...

By
Real Estate Agent with Realty Executives Integrity R.E. Broker 55289-90

House for sale

I saw a status update on Facebook yesterday from someone who said they might put the "For Sale" sign outside their house. They have no idea how to sell a house on their own, so maybe they'll GoogleTM it to find out. Someone replied that it's really not that bad; just make sure to have an attorney look over the offer before accepting it.

If only it were that easy.

I started thinking about what I do when I list a house:

  1. Complete and analyze a market analysis.
  2. Meet with the seller to go over the market analysis.
  3. Determine a compelling list price.
  4. Take room measurements.
  5. Provide suggestions to sellers for preparing their home-- both inside and outside -- for showings and open houses.
  6. Have professional photographs taken.
  7. Write an attention-getting description.
  8. Put the listing into MLS and on the company web site, as well as my personal web site, Trulia, Realtor.com, WiHomes.com, etc., etc.
  9. Prepare color information packets for buyers.
  10. Mail out Just Listed postcards.
  11. Schedule and prepare for broker's open.
  12. Schedule and prepare for open houses.
  13. Follow up with buyers from open houses.
  14. Schedule private showings.
  15. Ensure all potential buyers are pre-approved.
  16. Follow up with agents from private showings.
  17. Provide sellers with feedback from open houses and private showings.
  18. Review market conditionds daily to determine my listing's position compared to our competition.
  19. Submit weekly updates to seller.
  20. Present offer to seller.
  21. Negotiate terms of the offer on seller's behalf.
  22. Negotiate changes to terms of the offer resulting from home inspection.
  23. Prepare and submit offer packet to Closing department.
  24. Ensure title is free and clear of any liens.
  25. Attend closing on seller's behalf.

And as I think about this list, I'm realizing this doesn't even begin to touch on the numerous hiccups we sometimes see pop up in a real estate transaction.

wishing well

I wish there was an easy way to help the public understand the time commitment that is needed to sell a house. I wish there was an easy way to help them understand that no matter the reason for selling, it is an emotional transaction, and those emotions can quickly muddy up any transaction. I wish there was an easy way to help them understand the legal risks they take on when they don't have a licensed professional representing them. I wish there was an easy way to help them see and understand the value -- especially in these times -- of listing their home with a Realtor®.

Maybe GoogleTM  can help me with that.

Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

Yes Peggy, the public really doesn't know how much work goes into marketing a house.

Sep 18, 2010 07:00 AM
Patty Clark
Morningside Homes, LLC 720-231-5200 - Denver, CO
Helping Families Move with Care

This a great post.  I currently have a client who wants to make money on a house she has only had for 2 years.  Selling it herself is what she is thinking about.  Your post will be an eye opener for her.

Sep 18, 2010 07:01 AM
Peggy Wester
Realty Executives Integrity - Grafton, WI
Real Estate Agent Ozaukee & Washington County

Malcolm -- No, they don't. So, so challenging to help them understand.

Chris and Patty -- Thank you. I hope your client sees the value in working with you. Good luck!! :)

Sep 18, 2010 07:03 AM
Gary & Melynda Wolter, Since 2001, 480-269-1164
ProSmart Realty - Mesa, AZ
Reliable, Premier Personal Service since 2001

Thats awesome! I too have seen the same thing on FB. "If I don't at least try myself for a while I will never forgive myself." is what my friend the FSBO said. Love the list. -Gary

Sep 18, 2010 07:21 AM
Todd Anderson
You In Park City group - KW Park City Keller Williams Real Estate - Park City, UT
Park City | Deer Valley Real Estate

Peggy

This presents a great exercise when you do Google it and see what you are up against in the Sellers mind.

Sep 18, 2010 07:29 AM
Peggy Wester
Realty Executives Integrity - Grafton, WI
Real Estate Agent Ozaukee & Washington County

Gary & Melynda -- I just was taken aback when I saw the post yesterday. I get a little sensitive when people suggest our job is so easy. Can you tell? :)

Todd -- I did google selling your house on your own and one of the sites told the seller to basically think of their home as a dump that they no longer want to live in. That'll take care of any emotional ties. Please. :)

Sep 18, 2010 07:36 AM
Sally English
The English Team - Atlanta, GA
Sally English Atlanta Real Estate Agent

Peggy:

Thanks for sharing this with us.  Agents work hard for the money!  Most of our clients have no idea how difficult our job really is.

Sep 18, 2010 07:52 AM
The Elise Bickel Team
ReMax Select Realty - Pittsburgh, PA
Leasing, Property Management and Sales

I kind of think that the reason there are so many for sale by owners is because they think our job is so easy. I hate that the public thinks we just sit around drinking coffee and wait for offers to come in. I wish!

Sep 18, 2010 10:48 AM
Peggy Wester
Realty Executives Integrity - Grafton, WI
Real Estate Agent Ozaukee & Washington County

Sally -- Agreed! But what a thrill it is when they DO recognize the time and effort we put into the transaction and say "thank you."

The Weber Team -- I think you're right that the public thinks our job is so easy, and I think that's due to a simple lack of knowledge. I also think it's part of our job to help them understand all that goes on "behind the scenes."

Sep 18, 2010 01:39 PM
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744
Experience is the best teacher. I went to see a woman who bought a property on her own. She overpaid by about $30,000 and was underwater by about $40,000. She said that she learned a valuable lesson. It was too bad. Cal
Sep 18, 2010 05:48 PM
Mario Gattavara
Coldwell Banker Lifestyle Properties - Oroville, CA
(Lake Oroville Area)

I read a report somewhere a while back on this topic. It was a statistical report.

Stated:

92-94% of FSBO's would have netted more had they used a Realtor in representing them in the sale of their property. That is a staggering loss in the numbers...

I just talked to a guy/FSBO who quoted his sales price to me. Probably $40-50,000 less than what he could of got had I represented him. Even at current market prices.

You live and you learn Mr./Mrs. Seller!

Sep 19, 2010 01:11 PM
Peggy Wester
Realty Executives Integrity - Grafton, WI
Real Estate Agent Ozaukee & Washington County

Mario -- I've heard statistics like that before, too. Amazing. If only they'd listen to us...

Sep 19, 2010 01:45 PM
Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Central Maryland

I am sure the average consumer has no idea what it takes to sell a house. Great list.

Sep 21, 2010 10:33 AM
Peggy Wester
Realty Executives Integrity - Grafton, WI
Real Estate Agent Ozaukee & Washington County

Ellie -- I'm sure they don't, either. It's interesting, though, how some buyers and sellers do recognize, as they go through the process, the time commitment we give and how some don't recognize it at all. Thank you for your comment!

Sep 23, 2010 01:35 AM