The Price is in the Pudding (Yeah, I know it's Proof), so Put it in There.
If your home has been on the market for what may be considered a long time, an idea to make your property seem more desirable might be to
entice the agent with a bonus.
Now I like bonuses as much as the next guy, but I personally don't think that is going to get your property sold any quicker. When I am searching for a home for my buyer, I look for homes that are in their price range and for homes that are going to meet their conditions. If my buyer needs a home that is no more than, lets say, 160,000 and you have your home priced at 161,500 (numbers made up to prove a point) and you are offering a $2000 bonus to the agent your property falls outside of my client's range. All you need to do is switch that $2000 dollars and put it in the price. If you can afford a bonus than you can most certainly afford a price reduction.
The Multiple Listing Service (MLS) is first and foremost a tool for agents who will scour it for their clients and likely find a number of suitable homes for their client to choose from. I can only speak for myself, but I am just as happy finding a home for my client and negotiating terms on my clients behalf, not mine and receiving the commission that the listing brokerage is offering. If, as an agent, I am looking to the commission and the bonus first, then by default, I am not looking out for their interests which would be a breach in my fiduciary duty to them. I never, (and trust me, I rarely say that word), counsel my clients on offering bonuses to agents.
There are many things that will get your home sold but the big three are Price, Condition and Accessibility. If there is talk starting of offering bonuses to agents, then you are most likely not priced correctly. If one of the other things are out of whack, like condition or accessibility, a bonus to the agent will not help sell your home. Put those things in order, make necessary repairs and have your home show ready at the drop of a dime and then let them see it at the drop of a dime.
If your home is positioned for the market, (i.e, priced correctly), in great condition and show ready, there is a buyer for your home and it will sell.
BLUF, (Bottom Line Up Front for us military folks), The Price is in the Pudding, So Put it in There!
This Blog is not intended to solicit listings that are already under an exclusive right to sell contract with a brokerage. If you do not fall into this category and would like to know more about how I can help you with selling your home in the Schertz, Cibolo or San Antonio Texas area, please feel free to give me a call!