In the last few years in our super hot real estate market anything and everything sold homes. Every thing ended up in the sale of a home! There were open houses, lotteries, bonuses, no commissions, flat fee listings, for sale by owners and so on. However, that does not seem to be the case any longer.
The days of multiple offers, no repairs, no inspections, and waiving appraisals are over. So the days selling a home by placing it into the MLS for almost nothing are toast! Homes that would sell with out effort, ads, flyers or even a live agent picking up the phone to answer buyers inquires are growing restless. This assumption is passive marketing. It works only in a seller's market. When we are in an acknowledge buyers market, we have to pull out all the stops on how to sell a home, and not give up until it eventually closes. This is active marketing! In passive marketing, since there was no one advising sellers that the home needs, paint, carpeting, a price reduction or a new roof, and no one leading the charge to market your home to the world. a lot of properties are sitting month after month, price reduction after price reduction and still no buyers even coming through the front door. It is sad because it is totally avoidable and it is the direct result of the seller's own fault and greed. They do not want to pay a full commission, so they have hired a company that will list a home for nothing, or hired an agent that is only being hired for discounted commission, not abilities or experience.
A sign in the ground, a cheap real estate commission, and real estate flyer should never be viewed as a marketing plan to sell a home.