Listing My First Home!

By
Real Estate Agent with KASE Real Estate BRE# 01845320

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Listing Your First Home

I have questions for all realtors out there. Following my previous ActiveRain blogs, I am a new and young realtor and I will soon be listing my first home.  Here is my question for everyone out there.

What are the most important things to consider when listing a home?

 

I have done my research on the area and I will be figuring a price that I think fits the home, but most homeowners have different ideas of price as well.

Just today I got to visit the home and inspect it and it is a 1980 home but they have brand new wood floors and granite counters throughout as well as new appliances. The home is in great condition.

So what other tips do you have out there?

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Rainmaker
79,032
Randy "Lazarus" McAtee
Lazarus Realty - Fresno, CA
Owner/Broker, Lazarus Realty, Fresno California

In this market, price will probably determine whether or not the home sells or sits, regardless of the condition.

Sep 04, 2008 11:49 AM #1
Rainmaker
112,721
Mike Conner
City Realty, Inc. - Olympia, WA - Lacey, WA

Congrats on the listing Dominic! Aside from the obvious considerations when taking a listing (pricing, marketing plan, commissions, etc.) I think it is very important to be up front with your clients about what they can expect from you in terms of service. Lay out  for them your hours of availability, how often you will give them updates, where they can look to see their home advertised, etc. Good luck!!!

Sep 04, 2008 11:50 AM #2
Rainmaker
54,923
Bill Parecki
Elite Pacific Properties - Hilo, HI
RS, ABR, RDCPro, SFR, E-Pro, SRS, AHWD, Green

Aloha Dominic,

Congratulations on your first listing.  Many this be the first of many. In this market pricing is crucial and marketing it another aspect of the sale that you want to concentrate on.  It's not just good enough to get the listing you want to make sure it sells.

 Good Luck

Sep 04, 2008 11:52 AM #3
Rainmaker
345,297
BethAnn Long
RE/MAX Inland Empire - Spokane, WA
Realtor, CRS, e-PRO, Spokane Wa Real Estate

C21 is an excellent brokerage and I am sure they trained you well!

Ask your office mates to help you with the suggested price range.

Keep  in weekly touch with your sellers, work hard, stay positive and best wishes!

Sep 04, 2008 11:53 AM #4
Rainer
10,127
Dominic Zendejas
KASE Real Estate - Mission Viejo, CA

Thanks Mike for the response, I will make sure to lay everything out there with the sellers, there somewhat of a family friend to me, so it should be fine if I am open with them on everything. 

Dominic

Sep 04, 2008 11:56 AM #5
Rainer
129,115
Justin Ukaoma
Vizion KC - Kansas City, MO
Kansas City Real Estate Investments

Congrats on the listing.  I think the most important thing is to make sure that you and your client are on the same page.  In other words communication.  Even if your doing something small like advertising the property online let your client know.  Keep them up on everything that you're doing.  When I do this for clients they feel better and are less likely to call you for every little thing.  www.vizionkc.com

Sep 04, 2008 12:04 PM #6
Ambassador
588,902
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"

Yay, Yipee, and congratulations..... The answer to your question....PRICE...that is the most important thing, then of course the declutter, the house should sell itself...

Sep 04, 2008 01:36 PM #7
Rainer
3,033
Gail Wilson
Albany, OR

Congrats on your first listing!  Great advice from others.  And I'm sure you have heard the advice to get it priced right in the beginning when all the initial excitement is there to see the new listing.

Sep 04, 2008 02:05 PM #8
Rainmaker
1,402,227
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Substantiate the price with good comps and stick to your guns no matter what the sellers may say. House that are priced right and look good will sell. I know this is your first listing, but don't be afraid to walk away if the sellers want to price it out of the market. Here is a quote that has helped me in the past, "I'd rather turn you down than let you down." Good luck!

Sep 05, 2008 03:59 AM #9
Rainer
57,693
Tatyana Sturm
Exit Realty DTC - Aurora, CO
Denver Realtor, GRI, Denver/ Aurora CO Relocation

congratulations,  keep in mind that even if a home is priced just 10% over the true market value your showings will be cut in half typically.  Most homes that are priced correctly will sell within the first 6 weeks, then from there they will become stale and who knows how long it will take to sell.  You control the marketing, the seller can control the condition, but the buyer determines the price.  Even though it may be your first and if it is overpriced, take advantage if the learning opps it gives you and hold open houses for buyers.  But when you start getting more listings in the future, if you have an unreasonable seller on the price, most of the times I just pass.

Sep 05, 2008 04:49 PM #10
Rainer
52,902
Mario Gattavara
IMPACT California Properties - Oroville, CA
(Lake Oroville Area)

I am Dominic Zendejas with Century 21 Beachside. I work with some of the highest ranked realtors in the business of Century 21 globally. My partner and I are among the Top 5% in sales within Century 21.

You should ask your partner being as you are in the Top 5%...

Sep 05, 2008 04:59 PM #12
Rainer
10,127
Dominic Zendejas
KASE Real Estate - Mission Viejo, CA

Thanks Mario for the original comment. I really like the idea of the postcards to the neighborhood about the new listing and when it closes. As for my partner, he deals mainly with buyers and he has his tips and tricks, I just wanted to see what else other people found to work and whatnot. 

Dominic

Sep 05, 2008 05:15 PM #13
Rainmaker
415,020
Doris Freeman
RE/MAX REALTY SOURCE - Jackson, TN
Broker/Agent, Realtor, Madison-Gibson-Crockett

Congratulations and that first of many listings.  Once you have the listing, besides promoting the listing, your communication with the seller is one of the most important things you've got going.

Have A Great Day

Sep 06, 2008 11:14 AM #14
Rainmaker
431,981
Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

Congratulations!  Write up a marketing plan of the steps you will take during the listing time period.  It will help to answer their questions along the way.  I ask my clients to sign it and send them a copy of it the next day.  Price and location are key, sounds like you are on your way!

It's a Good Life!

Fran

Sep 07, 2008 03:53 AM #15
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Rainer
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Dominic Zendejas

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