Homes Don’t Always Sell Fast

Reblogger Cheryl Willis
Real Estate Agent with RE/MAX Solutions- OZARK MISSOURI

I checked in to see what my peers are writing about and came across this great post by Randy.  If you are on his Island and looking for a great agent to work with, please give him a call.  If you are in my area of beautiful SW Missouri, call me.

Our goal is to work with sellers to get the deal done and the goals meet.  Homes Don't Always Sell Fast but working with a great agent can speed the process up.-  Thanks Randy for letting me share your post- be good  cw

Original content by Randy Prothero RB-19250

Selling a home can be quite a stressful process for sellers.  Many homes are on the market for months and sometimes longer.  Sellers need to maintain their home in showing condition during that period.  That can be a big burden while trying to live their lives. They are paying mortgage and can’t finalize their future plans until it sells.

Homes may linger around for a couple of reasons.House

1)      Failed marketing.  It may be one or more of the following.

a.       Over priced

b.      Now showing well

c.       Not properly advertised (MLS, Internet, virtual tours, flyers, open houses, etc.)

d.      Hard to show

e.      Bad neighbors

f.        Poor location

                                                               i.      Next to a pig farm.

                                                             ii.      Not convenient to transportation, shopping or schools.

                                                            iii.      Across from the sewage plant.

                                                           iv.      Surrounded by industrial properties, etc.

(Items b through f - can be overcome with a lower price.)

 

2)      Changing market conditions.

a.       Short sales and foreclosures in the area.

b.      Bad economy (increasing unemployment in the area, etc.)

c.       Prices falling

d.      Surplus inventory

       (Items a through d - can be overcome with price)

In the end there are many variables you have to deal with, when selling your home.  The price is the great equalizer.  Any home in any condition can be sold in one day at the right price.  The question for sellers is, “How close to the one day price do you want to be? “

By properly marketing the home and having it better prepared (repairs and upgrades completed and the home staged), along with making it easy to show; the home will sell faster and possibly for more money.

If the home is not selling after being for sale for a long period of time, the market has rejected your home at that price.  Buyers are able to find another home at equal or above condition for a better price.  In some cases sellers hang on too long to their price because they are either convinced their home is worth more than buyers are willing to pay or because they need to hit a certain price.  In a some cases the home is not being properly marketed.

Tips for sellers:

1)      Get a top full time Realtor® who specializes in your area.

2)      Listen to your Realtors® advice for getting your home ready, pricing and marketing strategy.

3)      Be prepared to adjust the price after it has been on the market a period of time.

a.       Remember time is money.  If it is not selling, you are paying carrying costs. (Mortgage, utilities, taxes, insurance, maintenance, etc.)

4)      Have reasonable expectations and plan accordingly.  If the average sale time in your area is X number of days and you want to sell faster than that, you have to do something to make your home a better deal than those you are competing with.

5)      If on Oahu call me for a free consultation.  I would be honored to evaluate your home and present you a marketing plan for your home.

Good Luck and Happy Home Selling!

 

--------------------------------------------------------------------------------------------------------

Randy L. Prothero, REALTOR®, ABR, AHWD, CRS, e-PRO, GRI, SFR

Century 21 Liberty Homes

 

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) and the Leeward Regional Chairman of the Honolulu Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

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Rainmaker
678,496
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great re post for home seller's patience is the key and having a qualified agent working on their side to get the home sold is a must in today's market.

Sep 06, 2011 05:56 AM #1
Rainmaker
888,112
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Good information to share with sellers.  Our market is hard, but price still sells.

Sep 06, 2011 02:24 PM #2
Rainmaker
197,532
Cheryl Willis
RE/MAX Solutions- OZARK MISSOURI - Mount Vernon, MO
MO Broker - Mt Vernon, Monett, Aurora, Barry & Law

Pat- thanks for stoping by.

Kay, you are so right, it use to be location now price rules. 

Sep 07, 2011 04:55 AM #3
Rainmaker
637,172
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Cheryl, sellers will appreciate this information so they can sell their house in a timely manner.

 

Dec 08, 2011 05:32 PM #4
Rainmaker
203,068
Margaret Mitchell
Coldwell Banker Yorke Realty - York, ME
Seacoast Maine & NH Real Estate

Hi Cheryl - You know, it seems sometimes you can do everything right but it still does not sell.  What's the remedy?  Hate to say it... Price.

Mar 17, 2012 02:23 AM #5
Rainmaker
197,532
Cheryl Willis
RE/MAX Solutions- OZARK MISSOURI - Mount Vernon, MO
MO Broker - Mt Vernon, Monett, Aurora, Barry & Law

Margaret, contrats on the over 100,000 pts, (in case I missed it)  around here it is not only hitting the right price, we just don't have a pool of buyers in any price point.  Maria's comment about 'in a timely manner' makes me want to question who's life time?  be good  cw

Mar 17, 2012 11:23 PM #6
Rainmaker
322,054
Cheryl Powell - The Powell Team
Southern Homes of The Carolinas - The Powell Team - Harrisburg, NC
Concord,Harrisburg & Charlotte NC Area Real Estate

Randy's blog post was really good Cheryl, thanks for sharing it with all of us.  We've all seen similar types of lists, but this one mentioned some reasons not typically included on the lists I've seen.

Feb 18, 2013 02:03 AM #7
Rainmaker
197,532
Cheryl Willis
RE/MAX Solutions- OZARK MISSOURI - Mount Vernon, MO
MO Broker - Mt Vernon, Monett, Aurora, Barry & Law

Cheryl, always good to hear from you.  I trust your team is doing well!

 

Feb 18, 2013 02:40 AM #8
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Cheryl Willis

MO Broker - Mt Vernon, Monett, Aurora, Barry & Law
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