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Red Flags to Marketing and Selling a Home

By
Real Estate Agent

It isn't unusual for real estate bloggers to address the lack of photo quality they see for homes listed For Sale in the MLS, or other real estate marketing materials. 

An article titled, "Red Flags: How to Spoil a Home Description" by Michael Estrin for Bankrate.com clearly cemented thoughts many real estate professionals have about the importance of quality photos to assist in marketing homes and properties.  Today's article went on to address an even larger issue - the total absence of photos.

As Don Tepper, a Long & Forster Realtor in Burke, Virginia, put it, "One red flag in many buyers' eyes is the lack of photos for a listing," Tepper says. "There can be some legitimate reasons for few (or no) photos in a listing: The sellers want privacy, or they have valuables they don't want in the photos. But many would-be buyers -- rightly or wrongly -- assume that there's something wrong."

Another red flag is often raised when a home has a lack of transaction details.

With so many distressed short-sale or foreclosure properties on the market these past few years, a large percentage of buyers have become sophisticated in their knowledge of sorting through viable properties to buy or submit offers on.  For example, a listed short-sale property that does not address, whether a lender has been informed and approved of a short sale and price.  Buyers can become cautionary when they see listing language that refers to a need for third-party approval; especially if there is a failure to identify the party.  We often hear that real estate agreements are between buyers and sellers.  That is true, but in the case of the short-sale, there is this extraneous third party - the existing lender, or some other entity needed to sign off for the financial haircut needed to complete the transaction.

There are several other red flags which are addressed in the article I mention, and it is very well worth reading.  It can be accessed via: Red Flags: How to Spoil a Home Description

Posted by

Myrl Jeffcoat ActiveRain Signature
  

Comments (11)

Dawn Crawley
Dawn Crawley Realty - Pinehurst, NC
Find Pinehurst Homes

Good point about the transacton details. That is so often left out of the details or not disclosed after a showing.

Feb 24, 2011 11:57 AM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

I have had listings that the seller did not want their photos put online.  They had been retired from law enforcement and just really did not want to show their home online.. needless to say the listing expired.  They took it off the market.  From time to time they get in touch with me saying they are thinking about trying it again...

Feb 24, 2011 12:02 PM
Bob Publicover
Publicover Realty Group, inc - Stuart, FL
Thinking outside the box

Good points! Photos are the key to a prospective buyer keeping interested in the property and studying the details.

There are occassions a seller wants to limit the photos posted in the MLS or other real estate links because there may be "Fine Art" or other private items within the home.

Certainly an outside, front and back photo should be bare minimum.

Feb 24, 2011 01:46 PM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Very few short sales actually state whether they are approved. Because few are approved unless the buyer has walked away or it's a HAFA or Wachovia. But I know you don't do short sales. Buyers are becoming more sophisticated. If I think it's going to take 4 months for approval, I tell them so. No sense getting them into escrow and doing all that work to have them cancel after 2 months because they don't want to wait four. I'd rather know this upfront, and so would they.

Feb 24, 2011 02:06 PM
William Johnson
Retired - La Jolla, CA
Retired

Hi Myrl, Our MLS allows for 20 photos and I have to usually sort as to which ones I have to  leave out. I tried a formula of 3 shots per room but I did one Kitchen recently with 5 photos and it wasn't even large. Different angles and a couple detail shots. I always say " if you got it, flaunt it". hehehe    But usually there is at least one money shot in the bunch . That one outstanding beautiful photo that  captures the flavor of a home, almost frameable.

Feb 24, 2011 02:31 PM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Myrl that single only photo always spells trouble in my sight for what is INSIDE....

Feb 24, 2011 02:54 PM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Great points about lack of comments.  I can almost tell without seeing the home that if there are no kitchen photos, there will be a problem.  With three different buyers who found "a great house" on the internet, I told them upfront my concerns about the condition because of the lack of photos of the kitchen or a lack of comments.  In all of the homes , it turned out the houses were not liveable as is. 

I say, put those photos out there up front.  Why waste every body's time.  If the home needs work, it will appeal to a certain type of buyer.  If it's liveable, another group of buyers.  But just TELL us or SHOW us.  Either photos or comments.  Let us know and we can show your home with the appropriate buyers.  Help us help you!!!!

Feb 24, 2011 03:50 PM
Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Myrl, in my area I have noticed that it's mostly the short sales that seem to have one or no photo...and some even have a completely blank description! These are definitely a couple of red flags to watch out for, so thanks for posting about this topic. :)

Leilani

Feb 24, 2011 05:24 PM
Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

I couldn't agree with you more Myrl - since 80% of buyers start their home search online, those MLS pictures better be the best possible. It was interesting to read some of the reasons people don't want photos of the inside of their home taken (privacy, expensive art) but as you pointed out - it looks like they're trying to hide something. Interesting and informative post!

Feb 25, 2011 01:35 AM
Janice Roosevelt
Keller Williams Brandywine Valley - West Chester, PA
OICP ABR, ePRO,Ecobroker

Myrl, it takes so little to take a few photos of a listing and whether it is good or bad shape, why not! It is a service to potetnial buyers, and it helps sell the listing.

Feb 25, 2011 11:54 PM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

Myrl,

Our St. Louis MLS requires at least a photo of the front.  I think more should be required!

Ann Hayden in Wildwood, MO

Feb 27, 2011 05:37 AM