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IF YOUR LANSDALE HOME IS OVERPRICED, IT WILL NOT SELL

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Real Estate Agent with First time home buyers, downsizers,seniors,new construction
IF YOUR LANSDALE HOME IS OVERPRICED, IT WILL NOT SELL
 
 
PRICE YOUR LANSDALE HOME CAREFULLY - BECAUSE IF YOUR LANSDALE HOME IS OVERPRICED, IT WILL NOT SELL.
 
 
I read this in a blog. "An agent can stage an overpriced home, hold open houses every day, give out free hot dogs on the weekends, dress up in a clown suit and spin a sign on the nearest corner, have the Boy Scouts hand out flyers, have the 13 dogs that set the Guinness book of records jumping rope for the neighbors, have the Blue Angels do a fly-over, use the property for a charity Christmas boutique, offer a free petting zoo in the back yard, free car washes in the front yard by scantily clad cheerleaders, and have the home featured at half-time on Monday night football." If your Lansdale home is overpriced, it will not sell.
Lansdale home
 
Buyers today have access to lots of comparable information. They can spot an overpriced home, no matter how great it looks. Home staging and preparing your home is critical today in helping the home sell and giving it that necessary edge over the competition. But an overpriced home will be overlooked even if it smells like Vanilla extract.
 
 
Typically, when a Lansdale home doesn't sell and languishes on the market, the realtor is blamed. She didn't hold enough open houses, she didn't run enough ads, there weren't enough directional signs, there was no virtual tour, etc. When I talk to sellers that have not sold their homes, I hear these excuses time and again. I never hear, our last realtor was right, we priced it too high.
 
 
Remember,  if your Lansdale home is overpriced, it will not sell . Call me, I will help you price and prepare your Lansdale home.
 
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If you are Buying, Selling or Relocating to the Lansdale, Montgomery/Bucks county PA area and need help from a professional REALTOR®, I would be happy to assist you!
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Comments(25)

Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Kathy, well said! The REALTOR® usually does end up taking the blame for an over priced listing.

Feb 09, 2012 02:46 AM
Kathy McGuriman
First time home buyers, downsizers,seniors,new construction - Lansdale, PA
CRS, SRES, ACRE, Realtor for Lansdale, PA area

And unfortunately Michael, there are a fair number of our colleagues who will take the overpriced listing when we walk away from them.  It just doesn't help our reputations in the long run

Feb 09, 2012 02:54 AM
Edy Kizaki
eXp Realty - Seattle, WA

Kathy, good points and thank you for stating it so well, I am sending this to some of my agents who are frustrated with their sellers.

Feb 09, 2012 04:06 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

I can remember one instance where a seller actually told me I was right, a year after the listing expired because it hadn't sold.  The following year they lost it to foreclosure.  What a terrible lesson! I should frame what she said!

Feb 09, 2012 05:16 AM
Trisha P Realty Group
Realty Executives - Leavenworth, KS
"Holding the Keys to Your Dream Home"
Wow I'm going to start saying tat to my sellers. Lol
Feb 09, 2012 06:03 AM
Merv Edinger & Associates
Remax Nova - Halifax, NS

I wouldn't restrict that just to your marketplace in Lansdale.  I would say that is true of everywhere.  Its funny how I have been in RE for a decade now.  And there are certain homes that have been on the market "CONTINUOUSLY" for that decade.  The sellers apparently think that with each passing year there must be a fool out there that will give them their extravagant price just because they have it "for sale".  Needless to say, I have yet to see a SOLD sign on these FSBO homes.

Natalie E.

Feb 09, 2012 06:08 AM
Adam Brett
The Adam and Eric Group - Fullerton, CA
The Adam and Eric Group, Fullerton's Finest

I took note of the clown suit and 13 dogs idea... I couldn't agree more with the points you make.

Feb 09, 2012 06:20 AM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Yep, that's correct. We really do have to do what's right by the sellers. We don't have to take the listing if it aint priced right...why its done its beyond my understanding.  The way I see it its just a waste of everyone's time and money.  

Feb 09, 2012 06:32 AM
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

Wait.  What?  Free hot dogs don't sell houses?  Crap.  I need to take another look at my marketing.                                  

Feb 09, 2012 07:14 AM
Lang Premier Properties
Lang Premier Properties - Clawson, MI
Metro Detroit Real Estate Group

Great article...always important to remind people of how important pricing is in the real estate market!

Feb 09, 2012 08:07 AM
Kathy McGuriman
First time home buyers, downsizers,seniors,new construction - Lansdale, PA
CRS, SRES, ACRE, Realtor for Lansdale, PA area

Price Price Price - I say that all the time.  And I get - I thought it was location??  Well the location can affect the price up or down!

I think maybe free hamburgers might be the way to go!

Feb 09, 2012 08:16 AM
Kathy McGuriman
First time home buyers, downsizers,seniors,new construction - Lansdale, PA
CRS, SRES, ACRE, Realtor for Lansdale, PA area

Jan - I'm glad they admitted you were right, but that's really said to lose the house after all.

Feb 09, 2012 08:18 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

NO ONE is EXEMPT from the downturn we've been experiencing since mid 2007 in PA !!!!!

Feb 09, 2012 08:24 AM
Kathy McGuriman
First time home buyers, downsizers,seniors,new construction - Lansdale, PA
CRS, SRES, ACRE, Realtor for Lansdale, PA area

Edy - well at least maybe they will have a good laugh

Feb 09, 2012 08:27 AM
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

So true everywhere. . . I am just curious, do you list homes that sellers want to overprice?

Feb 09, 2012 11:53 AM
Kathy McGuriman
First time home buyers, downsizers,seniors,new construction - Lansdale, PA
CRS, SRES, ACRE, Realtor for Lansdale, PA area

Joy - No I don't.  I tell the seller that if they want to pay me upfront as a retainer fee, I will take the listing at their price.   And it is the only way I will do it.

Feb 09, 2012 12:57 PM
Chris Lewis
Gracious Living Realty - Front Royal, VA
I want to SELL your home, not LIST it!

I can't believe how hard it is to get otherwise intelligent people to understand the market pricing mechanism.

Feb 09, 2012 01:04 PM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Kathy,

Thanks for all the great ideas on how to promote an overpriced listing. Maybe charging admission for all of the activities would be a good idea since the agent will not be receiving a commission on the sale of that over priced home.

Feb 09, 2012 03:52 PM
Sandy Acevedo
951-290-8588 - Chino Hills, CA
RE/MAX Masters, Inland Empire Homes for Sale

Hi Kathy, this is Basic Real Estate 101. Why does the public still not  get it? I do love all the examples you used! Great post.

Feb 09, 2012 04:33 PM
Kathy McGuriman
First time home buyers, downsizers,seniors,new construction - Lansdale, PA
CRS, SRES, ACRE, Realtor for Lansdale, PA area

Sandy - thanks so much

 

John - Great Idea!

Feb 09, 2012 11:37 PM