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Taking on a new Listing

By
Real Estate Agent with EXIT Realty Advantage Pagosa, Pagosa Springs, Colorado

I am in the process of taking on a listing that has already been on the market for over two years. The price now is 75% of what the original asking price was.

In this town, with it being 65% retirees, when Custom Homes are Built, they are built to the owner's wants and needs. They built this home, like this, for a reason or reasons. I have to find out everything I can about the nomenclature of this home.

Often times when I look at the remarks section of the MLS, I see a generic pattern of descriptions. When a Buyer looks online at the many homes available, seeing these descrptions, usually leaves many of these homes in obscurity.

The buyers may even like the home as they search, but, more often than not, they'll forget which one in particular, was one of the standouts.

Taking on a Listing that has been on the Market for some time is one of the things, I like to do. It's a challenge that needs to be taken by the horns and needs resolution.

That is why I TALK to the Homeowners at great length. If I have to spend an hour or more with them to get the "Inside" story, I will. Finding out the reasons why they built this home, this way, helps me begin to get the feeling of what they visioned in terms of their wants and needs. Walking the home and the grounds and listening to what they are saying also helps me determine how to describe this home to its next Buyer.

Generic descriptions are generally discounted.

A new perspective with a fresh outlook will decide this homes future.

Get into it.... Feel it... Listen to it... Then describe it!

That next buyer may be reading, and feeling, the very same thing I picked up on, by listening to the current owner, by walking the home and and getting the sense and feeling of spirit of that home. If I do it right, then that feeling can be conveyed to the next owner and that connection just might be made.

 

Comments(14)

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Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

hopefully these sellers will really listen to you this time so that you can help them

Oct 20, 2012 11:27 PM
Karen Crowson
Coldwell Banker Residential Brokerage - Rancho Bernardo, CA
Your Agent for Change

John, you are spot on with this post. Re-packaging a house that has been on the market this long is paramount to getting it sold. Out with the old photos, description and attitude. A fresh approach might be just what the doctor ordered. Suggested!

Oct 20, 2012 11:31 PM
Jon Eliason
EXIT Realty Advantage Pagosa, Pagosa Springs, Colorado - Pagosa Springs, CO

Mark ~ I've met these folks once and when I list his home in a couple of weeks,  we will find the right buyer. The home is already priced below market and I am considering raising the price by  about $30K (still 20% below market) while at the same time thinking of just how to describe this incredible home that has been overlooked. Thanks for visiting.   :)

Oct 20, 2012 11:33 PM
Jon Eliason
EXIT Realty Advantage Pagosa, Pagosa Springs, Colorado - Pagosa Springs, CO

Karen ~ That new set of eyes may be exactly what is needed. Seeing something in the home or on the property that was initially ignored, may be the key to getting this home sold. Thanks!   :)

Oct 20, 2012 11:35 PM
Rob D. Shepherd
RETIRED - Florence, OR
RETIRED

I have had a cuople of those. My first thought is why me? With a fresh look and attitude they both went really soon!

Oct 20, 2012 11:36 PM
Jon Eliason
EXIT Realty Advantage Pagosa, Pagosa Springs, Colorado - Pagosa Springs, CO

Rob ~ A new approach is usually all it takes. Thanks for stopping by!   :)

Oct 20, 2012 11:55 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Descriptions and photos are so very important.  I am surprised how many DIY landlords and agents think that the SALES description is what will attract a rental prospect...unless their child is headed for the NBA, why mention 9' ceilings...talk about STORAGE!

Oct 21, 2012 12:07 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Taking the time to listen and come up with a great description is definitely key, even with houses that are fresh!   Good point.

Oct 21, 2012 12:26 AM
P.J. Virgilio Jr., Realtor 408-568-6578 Selling homes in the Greater San Jose area and South through San Martin, Gilroy
Keller Williams Realty Silicon Valley - Gilroy, CA
San Juan Bautista and Hollister as well!

Jon,

You got this, and as always the maximum amount of pictures! Oh,by the way I meen in the MLS not on the walls..... :)

All the best!

Oct 21, 2012 12:34 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM

Good morning in Pagosa Springs Jon -

You nailed it on the head with your words....Get into it.... Feel it... Listen to it... Then describe it!  It's the only way to take on a new listing and get it sold quickly!  Keep us in the loop of this one and let us know when you have it in Pending Contract.

Have a grand day my friend.

Oct 21, 2012 01:32 AM
Jon Eliason
EXIT Realty Advantage Pagosa, Pagosa Springs, Colorado - Pagosa Springs, CO

Wallace ~ Descriptions, indeed, are so very important. If I have a home that sits for too long, I will go back and look at the description. I have found that changing up the description, even by just a few words, can and has generated a whole new slough of calls. Thanks.   :)

Kat ~ Sometimes, I see it, almost like a canvas of a painter. To express the thoughts, the emotions and purpose of the picture, I have to immerse myself into the project a soak up what I can and then share that with a prospective buyer. I try to get as creative as I can , in many cases. Thanks for stopping in.   :)

Patrick ~ LOL... Pictures from different angles, as seen through the eyes of the photographer, can show a different perspective, just like the descriptors, I use. I have changed pictures in the MLS for just that reason. Thanks.   :)

John ~ Good Morning. Being able to physically, mentally and emotionally get into describing a home has helped me hone in on the type of buyer the home would be perfect for. Case in point: There was a home that I listed, after it was with a different agency for a year. The home sat up on a hillside and wasn't getting alot of attention. After inactivity for several weeks, I changed up the description. I did that a couple of times, until I described this home as "Being in the Clouds". It ended up being sold to an owner of a company that specialized in Flight Operations. Funny huh? The main thing was; It worked. I am focusing on having this under contract in less than a month.. Thanks...    :)

Oct 21, 2012 02:38 AM
Arizona Home Group RE/MAX Excalibur
The Arizona Home Group - Scottsdale, AZ

Every home has a story...kudos to you for taking the time to learn it!  I have a feeling you'll be very successful with your approach.  Good luck!

Oct 21, 2012 03:00 AM
Peter den Boer
Atlanta Communities - Woodstock, GA
MBA,GRI, Associate Broker, Realtor

Jon - Ever consider video of the home and its surroundings? Sometimes this gives just the right kick to make people want to see this home. Good luck!

Oct 21, 2012 10:06 PM
Jon Eliason
EXIT Realty Advantage Pagosa, Pagosa Springs, Colorado - Pagosa Springs, CO

Melanie ~ Thank you! I have a strange sensation about this one as well. I'll just take it one step at atime and see what comes of it. Thanks for commenting!   :)

Peter ~ Funny you mentioned video. That will actually be one of my next posts. I started sending videos to folks that ask about certain areas and what it looks like. I used to send panoramic pictures, but realized that pics just don't do some places justice. A couple of months ago I sold a 35 acre parcel to some folks from Texas and prior to that I had sent them a video of the area. Crazy as it sounds, I was narrating it and asked, "Ron" about what he thought of the area. (I had a picture of Ron Howards head taped to a branch that looked like a stick figure) My folks loved it. They bought that property less than 30 days later. Thanks.   :)

Oct 21, 2012 10:22 PM