The reduction in the amont of FSBO (for sale by owners) on the market today is an indication of the seriousness of the declining housing market. The seller would like to cut out the fees realtors work hard to earn. I do not blame them for wanting to save money and when the market is hot they have a chance to save thousands of dollars. It is in these tough times that the true value of a professional realtor is understood.
The price is still the number reason why homes sell or sit. Mr seller price your home to sell or your neighbor will. You will help him sell his home because you are over priced.
The number two reason is condition with home prices averaging over $250,000 why would anyone want to spend that kind of money to do lots of work on it. Buyers are looking for a nice home for their family not another project. The professional stagers here on Active Rain can for sometimes just a few hundred dollars make your home stand out above the formidable and large cintengency of homes for sale.
Both of the above reasons have nothing to do with realtors. They are up to the seller but the third seller mistake is directly attributed to realtors. That is marketing. I can not tell you how many times I have received phone calls from sellers who ask what is your commission rate. I have never been asked what do you do to market my home to sell. Do you have a system to get my home marketed quickly and efficiently and thirdly what do we do after we list our home in the MLS.