North Kingstown Seller Stories Gone Wild

By
Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate

North Kingstown Seller Stories Gone Wild!  Another North Kingstown seller story of listing property theHouse Gone Wild...try a North Kingstown Realtor in teh Know wrong way...  This family bought a home 3 1/2 years ago in North Kingstown RI and had not sold their home in another state.  However, they had hired a local agent there who appeared to know her area.  Besides they said they had waterfront on a river and had a well maintained older home.  The realtor priced it at $319,000.

I looked at the home a couple of years ago on line and told this family based upon what I could research on solds in their town, they probably should be much lower in price.  No, they said, we think we will stick with our price for a bit. 

No internet marketing done by the realtor just a sign out front & listed on the state'
s multiple listing service is all that was needed the agent assured them.  Many New Yorkers come up to buy vacation homes they were told ...but what wasn't told to them is that the economy was tanking especially for vacation homes at that time.  They stayed with the same realtor for 3 1/2 years, no offers were received for three years...they had lowered the price to rock bottom by the time they sold it. 

Fortune cookie bowl for North Kingstown RI sellersI offered to find them another realtor awhile ago when I looked on line and saw the less than stellar quality pictures the agent took to showcase the home and not even a video tour to highlight the waterfront either.  But they felt they wanted to stay with her out of loyalty!  I was aghast.  I said if she is not encouraging you to lower the price of your home (which she wasn't) then she just wants a place marker for her 'forever' sign I told them.  They really didn't know how to take that remark from me!

Well lucky for them they closed last week
on their out of state home after 6 months of issues the lawyers finally resolved ...They got their home sold 3 1/2 years later for half the price of what they listed it at.  Listen sellers or potential sellers, it really pays you back big time to have a skilled and internet savvy ri realtor market your home...not just list it and price it right too.  Do you due diligence and if you are a North Kingstown homeowner thinking of selling your home, please call me for the facts about what it takes to sell a home in this market at 401-529-7849.  Take the time to find out the real facts about North Kingstown realtors
North Kingstown Seller Stories Gone Wild!


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Ginny Lacey Gorman is a North Kingstown RI Realtor who works and knows the RI geographic area of homes for sale, schools happenings, important tidbits of information and businesses well here.   Waterfront, oceanfront, luxury and coastal RI homes for sale are her specialty, so call Ginny for your buying and selling needs in homes. Ginny is a North Kingstown short sale agent that works with a legal team to negotiate short sales for homeowners.  So feel free to search for  RI homes for sale it is free and no hassle.  When you are in need of an internet savvy RI Realtor® who SELLS RI houses in this real estate market, call Ginny today at 401.529.7849.

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!

            

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Rainmaker
5,041,299
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Ginny....isn't it unbelievable what some agents get away with.....and for over 3 years????  it's amazing....what are people thinking....

Jun 25, 2011 11:36 PM #3
Rainmaker
2,676,856
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

OmG Ginny that is unbelievable that someone would stay w/ a realtor like that.  They essentially paid a commission +well over 100,000 for the privilege of working w/ that inept agent.  Wowl.  And, when you are in a declining market, speed is of the essence.

For the residents of North Kingston RI, give Ginny a call.  She'll take care of you.  She makes things happen.

Jun 25, 2011 11:43 PM #4
Rainmaker
308,508
Carol-Ann Palmieri
RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA
"Cal" the Real Estate Gal

Hi Ginny!   That's just crazy!  Can't imagine anyone putting up with that!

Jun 25, 2011 11:55 PM #5
Rainmaker
3,638,355
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Ginny this is an important post. I have seen this much too much. What is this loyalty thing? I wish those of us who do all the things that genuinely make a difference had that kind of loyalty. What a business.

Jun 26, 2011 12:11 AM #6
Rainmaker
2,310,224
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

I've seen it happen.  Loyalty is fine but there comes a point when common sense has to kick in and say we need a change.

Jun 26, 2011 12:12 AM #7
Rainer
232,931
Kim Gero
Verani Realty - Center Ossipee, NH
Associate Broker, REALTOR®

Hi Ginny. What a shame! It still amazes me how many realtors don't have much of an internet presence. They are still living by the PPP method - put up a sign, price it (wrong) and PRAY it sells!

Jun 26, 2011 12:13 AM #8
Rainmaker
1,794,077
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Michael,  you're right not so good...what ends up in the pocket counts..

Clint, probably the case as i did see ...

Barbara, that's why we are blogging to change who homeowners go to , tight?

Deb, it is amazing this thing of loyalty people have with their largest asset...no when to cut the cord!

Sheila, it is another post is it not..thank you.

Anita, I just sigh & shake my head...this is money, honey- i just want to shake them into seeing things as they really are!

Kim, I LOVE that expression & will use that in the e future..PPP method! many thanks

Cal, yes I'm sure you see it in your area too...write about it!

Jun 26, 2011 12:23 AM #9
Ambassador
2,710,600
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Ginny, Obviously the time for just a sign in the yard and poor marketing has LONG passed as a viable way of selling a home. A real shame to not fully take advantage of the home's water feature to max out the buyers' interests.

Jun 26, 2011 12:48 AM #10
Rainmaker
1,949,287
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Loyalty that long is a rare, very unusual characteristic for sellers these days. Long time to not change horses on the house buyer chase. The comment from seller's not tech savvy that think they are on the Internet. Where are you showing up on index radar and how often? That is the key to showing them on the laptop at their kitchen table that there is a world of difference on marketing the area, the properties.

Jun 26, 2011 12:56 AM #11
Rainmaker
550,663
The Scott Loper Team Bux-Mont Premier Properties
Keller Williams Real Estate - Montgomeryville - Lansdale, PA

Hi Ginny,

What a story!  We appreciate loyalty, but at some point, those sellers should have a least sought other opinons/input into their situation.

Lisa

Jun 26, 2011 02:07 AM #12
Rainmaker
1,794,077
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Bliz, i did a blog post for them to get visibility but the other realtor had so few poor pictures I really couldn't help them..

Andy, honestly old school sellers still don't get how buyers are buying...that's the problem here... thanks

Lisa, it is unfortunate in this situation but many do it when you look at the expired list & you see the years of loyalty!

Jun 26, 2011 02:33 AM #13
Rainmaker
4,108,730
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, unbelievable --- THREE AND A HALF YEARS!    That is loyalty, and did not do that seller any favors.

Jun 26, 2011 02:40 AM #14
Rainmaker
433,582
Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

Wow Ginny - that's a really sad story - 3 1/2 later at half the price. You know if they had hired you none of this would of happened because you know how to market real estate in your area and would have really showcased its water front location - what a sin!  Loyalty to family, not a Realtor who does a 1/2 @ss job!

Jun 26, 2011 03:36 AM #15
Rainmaker
1,794,077
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Joan, it is the way of some people for sure...not true in Denver huh!

Kristine, what sellers don't realize that stepping away from the selling part & looking at it objectively is the way to evaluate what is not working...thanks

Jun 26, 2011 05:31 AM #16
Rainer
114,933
Laurie Hellmer, Dowtown Chicago Lofts and Chicago Neighborhood Realty
Real People Realty - Chicago, IL

Sigh...Waiting 3 1/2 years and then selling for half the price, plus all the carrying costs.  It is so important to give sellers a realistic market value before they even sign the contract.  Ginny, this will be a great story for you to share during your listing presentations.

Jun 26, 2011 05:38 AM #17
Rainmaker
1,794,077
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Laurie, so true..excellent thought..thanks

Jun 26, 2011 05:58 AM #18
Rainmaker
97,117
Jimmy Williams (352) 874-2354
Classic VI Realty - Mount Dora, FL
Lake and Western Orange County Real Estate Expert!

Ginny, Sometimes it is just not looking at the whole picture, how much did the sellers pay in carrying cost over 3 1/2 years, property taxes, insurance, maintenance, security, etc.....then from the selling agents side....what were they thinking about?  One can only speculate!

Jun 26, 2011 06:26 AM #19
Rainmaker
506,030
Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Ginny, what a story....only too sad to not have that happy ending! Some people put on thick shades and can't see the full picture, until it slaps them in the face.

Jun 26, 2011 03:30 PM #20
Rainmaker
707,776
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Ginny, glad they were finally able to sell their home.  Too bad it took soooo long, they should have listened to their North Kingstown real estate expert sooner!

Jun 27, 2011 08:07 AM #21
Rainmaker
1,794,077
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Jimmy, so true...sellers don't look at it as one should in the financial realm..

Ellen, i believe i see another picture being developed in that creative head of yours!

Erika...hindsight it is best but many sellers who have No experience in real estate hold firm on an unrealistic price while the market slips away from them...why?  too much emotion i believe

Jun 28, 2011 11:14 PM #22
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