Do you expect me to stand outside naked with a for sale sign on my butt?

By
Real Estate Agent with Brokered by eXp Realty LLC SL # 3014652

Homeowner that is sweating it out

This is the third different market I've experienced and it's probably the toughest one I've seen in my almost 13 yr career in Real Estate.

Some sellers are very nervous and then there are some sellers who wish to ride out the storm and wait for their price and then there are the sellers who can't sell so they just don't care what happens.

One of the biggest challenges that we... as Realtors® are experiencing right now is the pressure we're facing if we list a home for sale and no matter what we do ....it just won't sell. 

Obviously with the way our current economy is now.....there are many consumers who are reluctant to purchase anything... let a lone a new home. With all the banks suddenly going out of business ...there are very few options for people looking to get a loan. most of the deals I am currently doing are on the lower end of price and most of them are cash deals. I've also been able to do more and more rental deals. I have plenty of inventory. Some of my listings are short sales and the rest are priced within a realistic range but even though the activity is average to sporadic...most of them haven't had offers in months and that is hard to swallow for me and for my sellers.

My clients and I are just sweating it out right now.

You can only do so much advertising and you certainly can't put a gun to their heads when the inventory levels are so saturated that buyers are looking at every listing that fits their criteria....so there's a lot to show before they make a decision.

Recently we had a fair offer on a condo we have listed on the inter-coastal and it's not a short sale...as a matter of fact ...the seller doesn't even have a mortgage and is now living in another property but when the seller countered.....the buyer walked. Should the seller have taken the initial offer? I guess it depends on whether or not they were motivated enough to sell.....they weren't

My clients know that I have their best interest at heart and they still have faith that things will loosen up eventually...but I also know that I have clients right now that have been on the market a very long time and they are eventually going to lose patience. There aren't many solutions other than watching the market and letting them know whats going on a monthly basis. Repositioning their home in the market place is still a very critical thing. I always advise them that if they can price it within the market instead of being out side of the market they won't be so far behind and catch up if they take longer to sell.

Just remember that consumers think that Realtors® are professionals and have the knowledge at what we do but they can't expect us to stand outside naked with a for sale sign on our butt and make a buyer make an offer.

We need to revisit this in about 6 months when the smoke clears.

For more information please contact Neal The Real Deal Bloom-CRS-Realtor® /Remax Premier Assoc.

 Remax Real Estate Weston Florida                                                                                        Weston Realtor(R) Neal Bloom-copyright 2007

2500 Weston Road ,Suite 103

Weston FL 33331

(954)608-5556

Neal Bloom-CRS copyright 2008

 

The Real Deal tells it Like it is in Real Estatecopyright © 2008-All rights reserved

 

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Rainmaker
263,554
Michael Bergin
Coldwell Banker Residential Brokerage - ABR - SRES - Alexandria, VA
Northern Virginia Real Estate

Your title says it all!!!

Michael Bergin, Your Realtor in Alexandria, VA and at GWSleptHere.com

Sep 30, 2008 04:00 AM #62
Rainmaker
290,579
Kathleen Lordbock
Keller Williams Realty Professionals - Baxter, MN
Keller Williams Realty Professionals

The butt naked part might get you more drive bys.

As a  long time home stager, I keep thinking, hey!!!  Why don't I just  stage the house and then sell it. ( priced for the market,  great marketing, fab photos and all that stuff).

OK - I will and am half way through Course 1 and hopefully geting my license yet this year. Will I be eating crow? Maybe, but no butt naked stuff for me.

Sep 30, 2008 04:21 AM #64
Rainer
216,038
Frank & Jodi Orlando
Frank & Jodi Orlando Get Us A Home Realty Atlanta Homes Sale - Cumming, GA

Unfortunately this is a cycle that repeats every 15-20 years. second and third generation home builders will tell you the housing market took a hit in the seventies, late eighties and now. Weather it out and save for 2025!!!

Sep 30, 2008 04:33 AM #65
Anonymous
Anonymous

I had a similar situation happen to me with my sellers. We received an offer and were afraid to counter, because we didn't want them to walk away. I simply called the agent and asked her how serious her buyers were? That trough her off and gave me a lot of info. We ended up selling it to them.

 I hear a lot of agents advising their buyers on writing an offer and see what happens. If they counter we will walk... In your situation it sounds like the buyers were not serious.

Sep 30, 2008 04:54 AM #66
Rainmaker
2,483,597
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

Hey it is a weird market but you gotta do what you gotta do. If your houses are priced right they will sell in any market. Price is King and we know it. I recently had an open house and paid to have the hooter girls there, a lot of brokers showed up, I really think it was worth it. At Christmas last year I had a chior sing carols at three open houses and this year e are gearing up to do 21 open houses during the day on Friday and Saturday for halloween including candy.

Sep 30, 2008 05:49 AM #67
Rainmaker
594,107
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

Well good afternoon everyone who left me a comment. WoW! I wrote this last night but before I wrote it I hadn't though of it until about 5 minutes before I started to post it. The title actually came first and I guess it caught a lot of peoples attention. I'm glad you all got a kick out of a little satire along with some moments of serious thought but I guess from what I am reading....it's all true. It's going to a little tough to answer all these great comments so I'll try to do it in spurts but there is so many. I do want to thank you all for the compliments.

Justin,

I just love the meat and potatoes...they are my favorite:)

Michael,

Is that smoking or stoking?:)

Cathleen,

I don't want to scare anyone away:)

Carol,

Maybe that's a good image to bring in on my next listing appointment:)

Dave,

That's naked marketing to you:)

Char,

Just send me the beer truck filled with the beer.

Mott,

Very bizarre but when things were that good...everyone was cocky and an expert...now those people are in trouble looking for us to help but it's hard ...we can't make a miracle happen all the time.

Debbie,

We can do that all year round here...it rarely gets that cold.

John,

I'm still not sure about the ones who don't see the reality...you would think now people would understand it ain't getting better anytime soon.

Randy,

Now that you've made your butt smaller ....the sellers will come out of the woodwork and price them right:)

Pippa,

Thanks!

Deb,

If you really insist it...I'll be happy to make up a special video just for you:)

Roland,

I might try most things at least once:)

Fran,

Come on...it can't be that bad of a thought:)

Sep 30, 2008 06:00 AM #68
Rainmaker
594,107
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

Cristal,

If you say so:)

Judy,

I would too but then I would want to stand next to them and I would probably forget all the leads I would get..instead I would be sharing time with the model:)

Stanley,

I'm trying to be positive here...come on and go with me on this one...yeah maybe a bit longer:)

Richard, I missed your comment..

I always ask them why they would think we wouldn't want to be motivated enough to sell it...we make nothing and we lose it all.

Jeff,

Blame the Realtor(R)...who else can you blame...hey I wrote that post too:)

Tom,

Not sure what to make of that statement but I'll just keep it quiet.:)

Hey Brenda,

If you reblog it...I'll get a whopping 25 points from it!

 

Sep 30, 2008 06:10 AM #69
Rainmaker
488,012
TIM MONCRIEF
Tim Monciref - Austin, TX
Over 2,000 homes sold…..

Yes....is the answer....sort of.

You are actually on to something.  Though there are some butts out there that may do the trick, I am not so sure the HOA will be too happy.  But the idea of being obnoxious to make your listing stand out is real.  It is times like these that gets us to be more creative than in good markets. 

So instead of a butt, I did hire a guy to stand out in front of the development and hold and twirl and open house sign that I had made that in the shape of a hand with a finger pointing (the pointer finger).  It works wonders on getting substantially more people to a house or houses.  We had 13 people at an open house on Sunday doing this.  Just an old idea used by apartments for years......

So your butt comment is a bit more realistic than you may think. 

Sep 30, 2008 06:16 AM #70
Ambassador
3,977,865
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Neal, it seems to be all about creating traffic to a house these days.  A butt sign might just do the trick, if anything it would be different :)

I am trying to imagine what one might look like ......... let's see "For Sale" is two words, so maybe a word on each cheek ........ LOL

Sep 30, 2008 08:44 AM #71
Rainmaker
594,107
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

Susan,

I'm going to hire a former top producer who now is bagging groceries.

Sally,

I have a very small butt so there isn't much room for mistakes:)

Marti,

Is porn on your mind or real Estate?:)

Ruthmarie,

Maybe they would blame me if they blocked off the streets and need crowd control:)

Tom,

I have great techniques:)

Thesa,

:)

Kerina,

I just got to your comment...I'm still trying to get to all of them today...well ,maybe tomorrow too:)

Janna,

My butt just might do the trick...you never know!

Christine,

That's what I try to do but sometimes I hold off a bit due to the lack of recent sales.

Allison,

I don't even think there are any rules anymore.....people really need to think first before they step forward.

Missy,

We have a a 5 yr supply of condos...not helping matters most of my inventory is condos or townhomes...single family homes are at about a 3 yr supply...I might be better off with single family:)

Joe,

We shouldn't have to tell them to always catch up...we should be there from the beginning.

Jeanane,

Thanks and I hope it sends a message to others.

Diane,

Stubborn is the word but there are some that just can't sell because they owe too much but this isn't about those types of homes..it's about sellers who need and can sell...but they need to think hard about pricing.

Jen,

I love titles that catch the eye...it usually gets good google juice as well.

Bro,

Thanks bud! Now go get married!

BB,

I'm getting picky as well and it shows...those that I won't takes end up never selling or calling me later.

Renee,

The ride is still a long one unfortunately.

Bill,

I try not to sweat it if I just say that there isn't anything that any human can do to change it even if they say they can it's probably just luck now.

Kelly,

Keep thinking...it will be ok later...when later? I don't know exactly.

Sarah,

I'm not sure which articles they are reading but they must not be reading the one that says most homes aren't selling right now.

Rebecca,

I also think now that banks are bailing and the government wants to take control of everything.

Dunhill Group,

Let me make something clear...I never tell my clients to take any offer but I will offer my opinions...we can't make them take something and then have it bite us back later so be careful with the words:)

Sheree,

Funny...I don't have that type of budget:)

April,

Why not?:)

Melody,

The consumer has to blame us only because they can't keep blaming the government even though they haven't helped matters ....thanks

Patricia,

I hope this gets better...I think there is little of a bottom left...more like it's leaking out of the bottom now.

Michael,

Titles can be catchy I guess...it worked!

Erica,

i'm always telling them that by the time they sell....it probably is worth less and appraisals might come in lower....so then what?

Kathleen,

Stage rs might lose business due to the sellers not wanting to spend additional money ...but I know it helps homes that are messy.

Frank and Jodi,

So maybe I should start planning that in the next 15-20 yrs it will happen again?:)

There is an anonymous comment so I won't be addressing it as I don't have a name.

Charles,

I'm not sure caroling will help this but it's worth a try.

Tim,

I was on the board as vice president for 7 yrs and so I think by alienating anything to get homes sold instead of leaving them abandoned and vacant is not the answer to making a neighborhood rebound.

George,

Good idea...two cheeks are better than one:)

 

 

Sep 30, 2008 10:07 AM #72
Rainmaker
103,165
Cat Zwicker, CRS
Desert Sky Real Estate, LLC - Redmond, OR
Down to Earth Service; Out of this World Results!

Well... if you had a really nice butt... LOL.  Sorry can't help it I tend to find more to laugh about when things get tough.  We have had an agent where a short white dress and angel wings stand on the street with a sign offering heavenly deals... TG this is not Vegas or I'd have wondered what was being sold.  But, (no pun intended) it got potential buyers to stop in and look and that my friend is the name of the game.

PS: Good titles tend to bring in the readers, the content gets the comments and you're right on.

Sep 30, 2008 10:10 AM #73
Rainmaker
594,107
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

Cat,

A good title and good content picks up consumer interest...hopefully some will understand we want to help them but we can't if they don't value our opinions. I'm sure there are some that would disagree with me but that's ok.

Sep 30, 2008 10:17 AM #74
Rainmaker
325,921
Esko Kiuru
Bethesda, MD

Neal,

Obviously there are tons of good deals out there now, but the mortgage mess keeps many buyers either not qualifying or then just taking their time before deciding. Or looking for the deal of the century that won't materialize.

 

Sep 30, 2008 11:34 AM #75
Rainer
56,224
Aloysius Donohue
Keller Williams Realty - Ridgewood, NJ
Ridgewood Real Estate

Neal - Great post and I agree with everything except for the part about standing outside naked with a for sale sign on your butt not working. 

I actually recently made it part of my standard marketing plan and find it works very well.

-Al

Sep 30, 2008 02:37 PM #76
Rainer
195,296
Elizabeth Nieves
The Elizabeth Nieves Realty Group - Durham, NC
Bilingual Raleigh - Durham North Carolina Real Estate Team

That is one of the best titles I've ever seen...but the content is RIGHT ON! We can only do what we can do...the rest is not in our control. Convincing the sellers of that is a whole other story. GBU, Neal!!

Sep 30, 2008 04:06 PM #77
Ambassador
2,138,226
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

I am finding more and more sellers that I'm having to give a choice to. Choice one, be realistic and if we get an offer within 10% of asking price to take it or option two, sign this termination agreement because it just isn't going to sell unless you are willing to work with buyers that have the money to buy.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

Sep 30, 2008 05:42 PM #78
Rainer
340,963
Kris Wales
Keller Williams Realty - Lakeside Market Center - Macomb, MI
Real Estate Blog & Homes for Sale search site, Macomb County MI

A few years ago I had a seller client ask if someone could stand out on the main street entrance to their subdivision with a placard type sign and in a costume directing people to their open house.

My jaw dropped. 

Sep 30, 2008 10:43 PM #79
Rainmaker
594,107
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

Kris,

That took some nerve huh?:)

Oct 01, 2008 08:03 AM #80
Rainer
268,374
Ginger D
Wilkinson & Associates, Wilmington NC - Wilmington, NC
Wilmington NC Real Estate & Relocation~

Neal, This is why we are focusing on relocating & first time buyers. Sellers are so stressed & buyers are so happy! I like happy!

Ginger

Oct 22, 2008 03:33 PM #81
Rainmaker
594,107
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

Most sellers think that we have some sort of recipe..we can only give 100% effort and hope that they believe in us to get the job done.

Dec 06, 2008 07:51 AM #82
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