The market has been a sellers market for awhile and sellers are feeling very confident in selling their home. They are not interviewing agents they are taking agents that will quickly and easily cut their commission. Why? Because they do not have a committed way to put a house on the market that will make it appealing to as many buyers as possible.
1. As a consumer listing your home ask the Realtor how many homes they have sold in the last two years? You can look this up on an App called Homesnap, don't gamble π²π° on most peoples largest asset.
2. Does the Realtor have a written plan to sell your home? Can they articulate their approach to marketing your home and how it will bring you the best price or the best buyers possible? This would include checklists π , calendar π and specifics π―.
3. Can they demonstrate how they will put pressure on the market to sell your home, attract as many buyers as possible or are they just π€ΉπΌββοΈπ€Ήπ½ββοΈπ€‘ around.
4. Are they full time agents? How can you work full time, know the nuance of 60 pages of contracts, market your home, have the right connections to have the home show well and negotiate in your behalf. Their first allegiance is to their full time job, then the side hustle ππ½πΊof real estate.
5. Will they proactively prospect to sell your home π‘? How
Results:
What we are seeing in the market is a poorer quality home being put on the market for higher prices. In other words the price/value proposition is off. There are higher priced homes in less prestigious neighborhoods for prices that are getting closer to luxury home prices. One particularly egregious case a home went on the market for $500,000 and the neighborhood runs about $275,000-$325,000. This home has many terrific aspects with a custom kitchen, built-in cabinetry, master bath and all the bedrooms on one floor. The MLS picture was an iPhone picture of the front and the kitchen had pee pads and steaming πΆ π© in front of the fireplace. Needless to say, the home was on the market for 4 months and slowly came down until it was taken off the market. As a professional Realtor, I would not list or coach my seller to list with that large of a price difference. Some sellers perceive their homeπ° and the reality is π or in some casesπ.
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