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How Difficult is it to See Your Listings?

By
Real Estate Agent with Keller Williams Capital Properties DC AB15253

     I recently received the chance to help an out of town buyer find a new home.  He was only in town for a short period of time and he was very motivated to find a new home.  The first day we looked at homes that he thought would meet his needs but we quickly realized that we needed to move the price point up significantly.  In fact we tripled the price range and started our search over again. 

     I had to scramble to get ready for the next appointment.  The move up in price put us into a significantly higher bracket with type A sellers and agents treating their listings like trophies to keep on the shelf and protect them from prying eyes of mere mortals interested in buying the properties.  Many of the listings required 24 hours to show them.  Many of the homes were listed by a few agents whom I consider to be prima donna agents.  I skipped those listings - or at least I skipped them for the time being.  I chose 5 listings that met the buyer's criteria and which I could get into with 2 hours notice.  I didn't have any more time than that.  

     Some sellers and their agents were great. One I had to bully into changing her appointments to let us in. Happily, my buyer fell in love with one of the five homes and we moved from shopping to being under contract in a weekend.  

    Here is the problem.  These homes in my buyer's price range and criteria had been on the market from 860 days to 62 days.  The one that has been on the market for 860 days requires 48 to 72 hours notice! How many buyers are going to put up with that. The ones that have been on the market for 452 and 398 days need 24 hours notice too.  The home that my buyer bought was on the market 470 days on the market.  

     When there are only a few buyers that are looking in your price range, you can't make it difficult for those buyers to see the house.  My buyers just bought the only house that has sold in 6 months in that price range and location in the last 6 months.   Do you think some of those sellers should rethink their attitudes about access to their homes? Maybe my buyer would have fallen in love with their home instead. 

 

Stanley Stepak
Howard Hanna - Avon Lake, OH - Avon Lake, OH
Realtor - Avon Lake, Avon, Bay Village, Westlake,

Oh I cant agree with you more.  Some of these are family related in schedules of someone sellers busy lives. I have told listing families you have to prepare for the worse possible viewing times and make every day plans to escape on last minute notice (that one sudden viewing could be the sell)

Sep 21, 2010 03:15 PM
Sharon Lord
Maracay Homes - Peoria, AZ
New Home Advisor

WOW that is CRAZY!!!!  There are so many listings here in Phoenix, my dad is looking for a home and if it says, "24 hrs notice" he skips it.  There's give-and-take with everything, but 72 hrs notice seems a BIT excessive!  (Hence the 800+ DOM....)

Sharon Lord
Argent Decor
AZ Vacation Home Furnishing Service

Sep 21, 2010 03:24 PM
Eric Kodner
Madeline Island Realty - La Pointe, WI
CRS, Madeline Island Realty, LaPointe, WI 54850 -

Sellers who are making it difficult to see their home are just shooting themselves in the foot!  48 to 72 hours notice seems long to me.

Sep 21, 2010 03:26 PM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Most my sellers ask for overnight notice if possible, but almost always they will do a short notice showing.  i undertand that sometimes it just isn't possible, but that is the risk the seller takes.

Sep 21, 2010 03:26 PM
Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Lise: The more exclusive it is, the harder it's going to be to sell for sure. Congrats on getting that one under wraps.

Sep 21, 2010 03:27 PM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Lise, great work!  I agree, sellers need to change their attitude to accessing to their homes...makes one think Do they want to sell their home?

Sep 21, 2010 03:43 PM
Gayla Worrell
Windermere Real Estate/Everett, Inc. - Everett, WA
Real Estate Webworks

I've reached a point where I prioritize listings not by price or location, but by whether they'er vacant or how much notice they need!  If you make it that hard to show, I'm not going to bother unless I absolutely have to.

Sep 21, 2010 04:25 PM
Gretchen Karr
Berkshire Hathaway Homesale Realty - Lancaster, PA
Realtor

Great job on the sale Lisa.  You would think even on the extremely exclusive properties that the sellers would be more flexible considering the extreme days on market.  Having such a small niche of people that can afford these homes the sellers should be knocking down your door to bring in buyers.   

Sep 21, 2010 04:48 PM
Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy

Been there.  I hate it when sellers have unrealistic hoops for buyers to jump through. 

Sep 21, 2010 05:03 PM
Leander McClain
North East, MD
Cecil & Harford County Realtor

Lise,

You have hit on one of my pet peeves.  The list of instructions to show some homes is lonber than the lisitng.....can only showe btw 1-3pm on tue & wed.  Absolutely no showings on monday, must provide credit check & certified check with listing appointment, 72 hours notice required blah, blah, blah.

I always say about those sellers.....do you want to sell your home or not?  I preach ease of access to my sellers.  How many times have you been showing a listing and you drive past a home that is not on your list and the buyer wants to see that home right away?  I have had cases where that was the home I sold to the buyers. 

Smart sellers know.....make your home accessible, clean it up and out, price it right and it will sell much faster than the competition.

Have a great day

Leander

Sep 22, 2010 01:21 AM
Dee Mayers
Covina, CA
San Gabriel Valley, CA

Lise,
It may not be the seller making so many demands.  If they are, then the agent should let them know buyers will find homes that are easily accessible.  I do understand sellers with small children cannot keep the home neat and clean and will need time to clean up, but that should take 30 minutes tops.  48-72 hours is unacceptable.  One of my clients will not look at appointment only homes.

Sep 24, 2010 08:51 AM
Yvette Chisholm
Long & Foster Real Estate, Inc. - Rockville, MD
Associate Broker - Rockville, MD 301-758-9500

Nothing more irritating than the prima donna agents who must accompany you to show the listing, but you can't get an appointment or return phone call.  

Sellers, let them in if you want to sell your home.   72 hour notice is NEVER going to get you an out of town buyer and, let's face it, a large number of the buyers in Metro DC are from out of town.  Great post Lise.

Sep 26, 2010 04:14 AM