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FAQ #8 FOR YOUR GANANOQUE REALTOR - WHY AM I NOT GETTING SHOWINGS?

By
Real Estate Agent with Sotheby's International Realty Canada - Brokerage

FAQ #8 FOR YOUR GANANOQUE REALTOR - WHY AM I NOT GETTING SHOWINGS?

This is one of the simplest questions to answer and one that is often asked in this business.  

It all goes back to the very beginning when you first interviewed Realtors to list your home for sale.   (you did interview, right?)

You see, Sellers are in charge of many many things and, so they should be.  Some things are in their control of and others, completely out of their control.

The most important thing a Seller controls is the selection of the Realtor and that should be based on who will be able to market your property the best.  Not who tells you the highest price at which to list it for sale!!   (see FAQ #9)

There are 3 major things that need to be discussed once the above decision has been made:  

1.  Location Location Location

2.  Condition

3.  Price

The first two determine the third - EVERY SINGLE TIME! 

One is in the Sellers control and other, not.

Which brings us to PRICE, which is entirely under the Sellers control!   And, this is the last thing that should determine which Realtor you choose to Sell your home. 

When choosing the Realtor, a Seller should be concentrating on the marketing of the home.  Who will give it the most exposure?   And I don't mean simple print ads that few buyers actually see these days.  (newsflash: they're actually used to market the agent not the home!) 

But even the best of marketing won't sell your home if the above 3 items are not addressed correctly!


A Seller is to be provided with all the current market data: what like properties in the area have sold for.  "SOLD for" , not asking price!!   That is always something I find Sellers are surprised by.  They see the list price for their neighbours homes (the wish price) but rarely do they discover the actual sale price!  (until it is time to sell their own)

When analyzing or comparing these properties to their own, the current CONDITION of their home needs to be addressed.   This is not just personal style or taste so much as comparing the bones of the home:  foundation, the energy efficiencies such as roof, windows, heating system, etc.  The two most important rooms in the home are the kitchen and the bathroom - are these updated to reflect modern standards?  What is the flooring like? (what is expected in your area; hardwood and ceramic or carpet and vinyl?)  

These are things the Seller has control over.  Do you want to update and have the price reflect the improvements?  Many of today's buyers will not consider a house that needs updating.  After all, they have most likely just worked on the home they've sold and don't want to jump in and begin again!

If your home requires updating and you're not prepared to do it, then this needs to be reflected in your pricing strategy!  

Staging can improve many a homes first impressions as well as a thorough, top to bottom, inside and out, CLEANING.  Spend the money!!!

(These will all be addressed in future FAQs so stay tuned!)

Back to the original question:   Why is my home not getting showings?

If it is in a perceived 'bad' location, the price needs to reflect that.

If it is not in the expected condition for the area, the price needs to reflect that.

You've done your due diligence with regard to hiring the best Realtor for the job and yet you have not had an abundance of showings (and your home is not a specialty type home), the price is too high for the location, the condition or the current market!

You, the Seller, are in control of the price.  You can't take it personally.  Your home is either priced correctly or it isn't!  And this is something that you need to keep an eye on . . .  prices are continually changing.  If a home sells in your area after you've set your price, you need to know how that affects you.  Your Realtor needs to be in regular contact with you about sales and new listings in the area.  Market price is what the market is paying and it is ever changing!

Take control and either reduce the price to where it needs to be or take the home off the market.  You get the price it is worth, not the price you need!

If you're in the Kingston, Gananoque or Brockville area, and you are considering selling your home, allow me, Susan Emo to be one of your 3 interviewed Realtors - you'll not be disappointed!

Other articles in the series:

FAQ #9

FAQ #10

 

 

 

Posted by

If you're thinking about selling, I'd love to meet with you and provide a Market Analysis and go over my Marketing Plan - it is the little things that make the difference.**

 Susan Emo
Sales Representative,
Sotheby's International Realty Canada, Brokerage*
Kingston, Ontario

www.SusanEmoSellsHomes.com

 Serving the Kingston, Gananoque and the 1000 Islands Region
- come for a visit and stay for a lifetime!

*Each office independently owned and operated.
** There is nothing on this blog that is intended to solicit business from anyone already under contract with another Realtor

The opinions expressed on this blog are the personal opinions of Susan Emo

If you are a non-member and would like to comment, please feel free to contact me.

Take a moment to visit my facebook fan page at
www.facebook.com/susanemosellshomes
and click "LIKE" today! 

 

 

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Comments(14)

Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Very well said my friend.

May 31, 2012 03:30 AM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Susan - Excellent post.  If you don't get it priced right for what the property is, you'll end up with no showings and no sale.  I really liked how you put the responsibility back onto the seller - did they interview agents correctly at the beginning of the process.  Did they go with what they wanted to hear, and not with the reality talk?  Great tips and advice for sellers who haven't sold their home!

May 31, 2012 03:34 AM
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Hi Sharon -  I hope you are having a thoroughly good Thursday!

May 31, 2012 03:35 AM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Keep it simple. Realistic pricing, full throttle all out marketing and you get lots of trips to the real estate long closing table with all the high back leather cushy chairs that swivel around them.

May 31, 2012 03:40 AM
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Hi Laura -  I have often been the 2nd or 3rd agent with a listing and I always ask 'who set the price'?   It shocks me when I hear the Seller was never shown any comparables and that the agent found the list price up in the right hand corner of the ceiling!!    Selling a home is a joint venture and the Seller needs to be involved in the pricing strategy.    Of course there are many times in which the Seller feels their home is by far superior to any others that we're comparing them to, lol and just won't take our advice.   And, we have all come across the Sellers who have family/friends etc who feel they know more than the Realtor and their word is gospel!   We'll treat those Sellers as the exception and not the rule!

May 31, 2012 03:40 AM
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Hi Andrew -  I wish we had 'closing tables' up here but the idea is the same . . .  a SOLD sign in front of the house!!!

May 31, 2012 03:41 AM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Susan, this is a great post because it shows the sellers do have CONTROL of their home sale when they work as a TEAM with an experienced agent, like Susan Emo.  Great job. 

May 31, 2012 04:47 AM
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Hi Juli -  it is Teamwork that gets the job done! 

May 31, 2012 05:06 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Excellent FAQ that all home sellers should read BEFORE they  put their home on the market or hire an agent.

May 31, 2012 05:42 AM
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Susan,

The best marketing in the world will never sell and overpriced listing.

Rich

May 31, 2012 05:44 AM
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Anna -  I hope they will :0)

May 31, 2012 05:45 AM
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Rich - so true!!  

May 31, 2012 05:47 AM
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-739-3843

Susan/Lenn~excellent blog post! I would say that feedback from your buyers or other agents' buyers  helps with all of these questions about price/condition, AND location. I ALWAYS ask for feedback, and when some agents fail to give it to me, they're not very good at their jobs. So much of this is communication!

Most of the time I also represent both sides and it can have a monumental effect on the future success of selling a property when you get your fingers on the pulse of what interests the buyers and their hot buttons.

May 31, 2012 10:56 AM
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Thanks Gayle!    I always ask for feedback on my listings but I am always surprised at how rarely I'm asked when I'm the Buyers Agent!

May 31, 2012 11:22 AM