It's Been Six Months and My House Hasn't Sold...What Should I do?

By
Real Estate Agent

Your house hasn't sold?  Its been 3, 6, 12 months?  You're shaking your head and wondering why?  Well here are the straight goods........Look at the list and check it twice! :-)

First of all lets see why other similar properties sold and yours didn't:

1.) They made sure their property was priced correctly right from the very beginning.

2.) They made showings easy - and left the home during showings so the Buyers could explore comfortably.

3.) They invested in professional home staging - realizing that the way they saw there home was not necessarily the way others would see it.  We see our homes with different eyes and may not accentuate the positive and minimize the negative.  Time and time again data shows that staged houses sell for more and sell quicker.

4.) They were more aware of market trends and so knew that being more flexible when negotiating was necessary. They also did not reject offers outright.

                             

That doesn't mean that some houses still don't sell, but your odds are greatly improved.  

Somethings to consider...

1. )  How motivated were you to sell? Were you holding out for a sale price similar to the one your neighbor received a couple of years ago?  Are you prepared to wait another two years to get your house sold?

2.) Are all parties involved equally motivated?  Sometimes holding back on appropriate pricing is a strategy for delaying decision making when both parties are not equally ready to sell!

3.)Are you thinking your house hasn't sold because of your Realtor?  Although that may be a possibility chances are that probably isn't the reason your home hasn't sold.  However sometimes people think that changing up the Realtors might make a difference - and that is unfortunate.  Although the temptation might be to find a new Realtor and THEN reduce your price - the odds are that after investing both time and money there is no one more motivated in selling your home than the Realtor you already have!

4.) However if you think your house is worth more than anyone else?  Bonus:  You might just  get to keep it! :)

 

 

 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

  If you or someone you know is thinking of Buying or Selling property in Chilliwack's Garrison Crossing, Cultus Lake, Hope, Abbotsford, Langley or anywhere in the Fraser Valley Area of B.C. - or if you would like more information please give Chilliwack Realtor Liz  Moras of HomeLife Glenayre (Chwk.) Realty  a call at- 604-799-0459  or e-mail at lizmoras@gmail.com.   


Copyright © 2011 By Liz Moras, All Rights Reserved. Please do not use without permission.   Information provided by this author is only an opinion, it is not guaranteed, may be based on information collected from several sources, and may be time sensitive.  It is not necessarily representative of the opinions of Homelife Glenayre Realty (Chwk.) Ltd.   
                       

                                             

 

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Re-Blogged 8 times:

Re-Blogged By Re-Blogged At
  1. Karen Pannell 01/31/2011 10:52 AM
  2. Gabrielle Kamahele Rhind 01/31/2011 11:15 AM
  3. Cheryl Ritchie 01/31/2011 11:18 AM
  4. Vanessa Stalets 02/01/2011 01:13 AM
  5. Rob Arnold 02/01/2011 03:03 AM
  6. Jim McCormack 02/01/2011 04:19 AM
  7. Jill Banks, 02/01/2011 04:42 AM
  8. Gene Riemenschneider 02/02/2011 03:37 AM
  9. Tammie White, Broker 04/08/2011 10:58 AM
Topic:
Home Selling
Location:
British Columbia Fraser Valley Chilliwack
Groups:
Realtors®
Stage It Forward...
Real Estate Rookie
Posts to Localism
Diary of a Realtor
Tags:
liz moras
chilliwack realtor
my house hasnt sold
homelife glenayre realty

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Rainer
53,538
Jayne Williamson, REALTOR, Broker, GRI
Keller Williams Realty Mountain Partners, Hendersonville, NC - Hendersonville, NC

I recently had a client that wanted to withdraw and CHANGE agents.  I had their home for 2 years with a good many showings...always too far out or the price was too high.  I was their 4th agent in 1 year when I took it over.  The husband wouldn't adjust the price even though they say they want to move.  I am not sure that another agent will  be better...it had over 5,000 web hits on all the major sites.  SIGH!

Feb 01, 2011 12:35 PM #50
Rainer
22,949
Pete Buckley
Independent Broker/Realtor, North San Diego County CA. - Del Mar, CA

I'm in the camp that says it's alwaya ALWAYS about price. A dump will sell just fine if it represents a deal. All the other stuff is important too but price is the defining factor on selling anything!

Feb 01, 2011 02:35 PM #51
Rainer
88,982
Patric Santo Pietro
RE/MAX First Realty - Metuchen, NJ

There are a lot of people (unintentionally) keeping their houses these days. They just don't understand what it takes to get a house sold. It's all about price but a great presentation will bring better offers. 

Feb 01, 2011 02:43 PM #52
Rainer
22,627
Jan Laurie
JL Residential Styling & Staging - Nanaimo, BC

All points well made, Liz. It does my heart good to see your emphatic acknowledgement of what home staging can do for a listing (#3). I agree, that home owners who want to be sellers need to be willing to invest a little and bring in a professional stager. $ well spent.

Feb 01, 2011 03:47 PM #53
Rainmaker
191,126
Billie Hillier
http://702IsHome.com - North Las Vegas, NV
Savvy Home Realty Solutions

I had one the other day that the showing times were during the owners lunch HOUR!

Feb 01, 2011 04:00 PM #54
Rainmaker
1,565,226
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

All very good points - Now if you could just drill this into all sellers heads from the start!

Feb 01, 2011 07:14 PM #55
Rainer
158,135
Rhonda Abbott
Howard Hanna - Wadsworth, OH
Wadsworth & Greater Akron, OH

Very well-said!  Wish all sellers could read this at the listing table - sure would save a lot of heart-ache!

Feb 02, 2011 12:41 AM #56
Rainer
35,140
Diana Mehnert
Coldwell Banker Harris McHaney & Faucette - Bella Vista, AR

Fantistic post, love it!  You're right on the money.

Feb 02, 2011 01:49 AM #57
Rainmaker
1,431,397
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Great post and I think you have hit upon all the key issues that people need to consider when the house is not selling.

Feb 02, 2011 03:09 AM #58
Rainmaker
444,388
Phil Parisi
Better Homes & Gardens Real Estate Laviano & Associates - Jensen Beach, FL
Specializing in Florida's Treasure Coast

Great Post

Feb 02, 2011 08:16 AM #59
Rainmaker
67,119
Brenda, Ron, Lee Cunningham & Tara Keator
West USA Realty - Phoenix, AZ
Realtors, Homes for Sale - Phoenix Metro

Many sellers don't know the basics for getting their home sold.  Great post. 

Feb 02, 2011 09:58 AM #60
Rainmaker
528,812
Karen Feltman
Cedar Rapids/Iowa City, IA KW Legacy Group - Cedar Rapids, IA
Relocation Specialist in Cedar Rapids, Iowa

4.) However if you think your house is worth more than anyone else?  Bonus:  You might just  get to keep it! :)

LOVE IT!

Feb 02, 2011 02:30 PM #61
Rainmaker
528,812
Karen Feltman
Cedar Rapids/Iowa City, IA KW Legacy Group - Cedar Rapids, IA
Relocation Specialist in Cedar Rapids, Iowa

4.) However if you think your house is worth more than anyone else?  Bonus:  You might just  get to keep it! :)

LOVE IT!

Feb 02, 2011 02:35 PM #62
Rainer
478,183
Not a real person
San Diego, CA

Just stopping by today to invite you to the 2nd Annual ActiveRain Super Bowl Party. Hope you’ll come and bring some friends!

Feb 06, 2011 06:01 AM #63
Rainmaker
1,247,164
Steven L. Smith
King of the House Home Inspection, Inc. - Bellingham, WA
Bellingham WA Home Inspector

Liz,

That is a problem here. Some houses just sit on the market for months or years. Others go fast and you know it is not by accident.

Feb 06, 2011 08:13 AM #64
Rainer
19,616
Tim Woodcock
ReMax Centre City Realty Inc. - London, ON

Great post Liz !  In the final summation is does come down to proper pricing right from the get go!

Feb 07, 2011 07:58 AM #65
Rainer
31,334
Louise Henry
Pair Home Design serving Langley, Fraser Valley, Abbotsford, Chilliwack British Columbia - Chilliwack, BC
Home Stager Pair Home Design Chilliwack

Hi Liz, yet another great post I say a home that  is Price Right and Professionally Staged = SOLD

Spring is in the air and Chilliwack is getting busy, lets have coffee next week if possible

 

 

Feb 10, 2011 11:28 AM #66
Rainmaker
508,351
Sylvie Stuart
Realty One Group Mountain Desert 928-600-2765 - Flagstaff, AZ
Home Buying, Home Selling and Investment - Flagsta

I love it! Especially the bonus at the end! Thanks!!

Feb 11, 2011 09:53 AM #67
Rainer
33,908
Jennifer Marks
On Maternity Leave - Garner, NC

# 39 -- so true testing the market is a waste of the Seller & my time. If you need to test you are probably not a serious seller --

Great post!  Price & availability is still king.  Price it right and let the buyers see it. 

Feb 12, 2011 02:52 AM #68
Rainmaker
273,570
Wayne B. Pruner
Oregon First - Tigard, OR
Tigard Oregon Homes for Sale, Realtor, GRI

All the marketing in the world will not over come a high price. And that offer you rejected six months ago is more than what you can sell it for now.

Feb 13, 2011 03:19 PM #69
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Rainmaker
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Liz Moras Migic

Chilliwack, British Columbia - Realtor
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