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- Jeff Molloy, "CheckmanJeff"
- Contributions:42
Price is of course closley linked to value. Increase your value by doing what ever you can to make your home more desireable. Clean it, mow it, rake it, Etc. Then work with your agent to SHOW it again. You can usually do a lot for a home with very little.
- Kate Case, "Kate_HomeStager"
- Contributions:78
There are three things that sell a home:
1. Price - this is the most important marker
2. Location
3. Presentation
Since your home has been sitting for a year, you need a professional home staging consultation and report - this will cost you between $200 - $300 (and is well worth every penny). You also mentioned that you are both disabled, so I would also look into having a cleaning service come in every two weeks to keep your home Open House clean. Also, have your Realtor check the pricing on your home; the market has been very volatile over the past year so you want to make sure your price really is on the mark.
Also, make sure your external curb appeal looks attractive.
Also, what is the MLS # of your home?
1. Price - this is the most important marker
2. Location
3. Presentation
Since your home has been sitting for a year, you need a professional home staging consultation and report - this will cost you between $200 - $300 (and is well worth every penny). You also mentioned that you are both disabled, so I would also look into having a cleaning service come in every two weeks to keep your home Open House clean. Also, have your Realtor check the pricing on your home; the market has been very volatile over the past year so you want to make sure your price really is on the mark.
Also, make sure your external curb appeal looks attractive.
Also, what is the MLS # of your home?
- Amanda Alejandro, "homesforsale86"
- Contributions:480
I would get with your listing agent about what is your best course of action.
Three rules I abide by
Price,Location,Condition
BEST OF LUCK HAPPY HOLIDAYS
Three rules I abide by
Price,Location,Condition
BEST OF LUCK HAPPY HOLIDAYS
- Reg Hixon, "Anth Remax Victory"
- Contributions:16
I would look to your realtor for the best advice. All markets are different and your agent should know the best solution to sell your house. As long as the house is priced right it will eventually sell. The economy is still down, and this could be weighing on the buyers decision to buy in your area.
- Randy Larson, "Randy Larson"
- Contributions:11
If the home is appropriately priced for the neighborhood, and you have a great Realtor that is marketing the property, I would suggest that you contact a local Professional Home Stager and request a written consultation. This will provide you with a detailed recommendation list of what should be done so the home will show it's best in photos and during showings. Staging does work!
- NTETS, "Mr Caveat"
- Contributions:6436
are there pics on zillow or another RE site, there are 2 sides to every sale: business vs emotion, if you have done eveything on the buisness side correct perhaps there is an emotional block that you aren't seeing? if nothing else, its worth asking^_)^
also ignore natewolf, "you must be listed with a realtor to do "X" (well/effectively/correctly) is code for "natewolf wants commish" "natewolf hungry, natewolf want eat"
^_)^
also ignore natewolf, "you must be listed with a realtor to do "X" (well/effectively/correctly) is code for "natewolf wants commish" "natewolf hungry, natewolf want eat"
^_)^
- Liz Harrison, "Spruce It Up!"
- Contributions:40
Are other comparable homes in the area selling? If not, it could be the current market, diminished demand in your area, size or price range outside of the norm. any number of factors that your Realtor can help you identify.
If comparable properties in the area are selling, then your home isn't a match for the competition. When a house goes on the market, it becomes a product that needs to be packaged and marketed accordingly. Your house needs to look better than and be priced better than other homes for sale. You say you're priced low. It might be time to consult a Professional Home Stager to evaluate your home. They're skilled at seeing homes through the eyes of prospective buyers and identifying any obstacles that could be preventing showings or offers on your property. We get so used to our own surroundings that we're unable to see our own home from a different perspective. Professional home staging will highlight the best features of the home and provide creative solutions to any challenges. I've staged homes that had been on the market for as long as 2 years. Once staged, they were snapped up in a matter of weeks.
If comparable properties in the area are selling, then your home isn't a match for the competition. When a house goes on the market, it becomes a product that needs to be packaged and marketed accordingly. Your house needs to look better than and be priced better than other homes for sale. You say you're priced low. It might be time to consult a Professional Home Stager to evaluate your home. They're skilled at seeing homes through the eyes of prospective buyers and identifying any obstacles that could be preventing showings or offers on your property. We get so used to our own surroundings that we're unable to see our own home from a different perspective. Professional home staging will highlight the best features of the home and provide creative solutions to any challenges. I've staged homes that had been on the market for as long as 2 years. Once staged, they were snapped up in a matter of weeks.
- Nathan Wolf, "natewolf"
- Contributions:1825
Spencer, NC properties typically take a long time on the market anyway. Add to that the current economic situation, and you're going to be even longer still. Rural and lower population areas have fewer buyers, and with the job market also going down in these areas, there are fewer and fewer qualified to purchase.
It may have nothing to do with your property, but the fact that the buyers cannot get qualified.
You may want to make sure your property is listed with the Farm Bureau and also with the NCHP.com (North Carolina Housing Partnership) and any other agencies in your area which may be working with buyers who need good homes.
If you can no longer afford your home, you may want to seek a loan modification. This is becoming much easier to do since Freddie Mac has streamlined the process. This is especially helpful if your income has changed significantly.
- Lindsey Klavitter, "PC Success Group"
- Contributions:22
I think you need to look to YOUR REALTOR for your answers, that is the only person who will be able to give you the full details of your market conditions. There are so many deciding factors in why something hasn't sold and only the one familiar with that particular home and market can make a fully educated analysis. The truth is the market in most areas is not hot, in my area we are seeing buyers looking at things, and not many "pulling the trigger". I suggest talking with your agent about restructuring your marketing plan, work with them on how to increase your visibility to buyers - there are many free options for advertising online! I would be more than happy to exchange ideas with your agent if they thought it would help - it's always nice to hear what others do in different areas! My partner and I have over 32 years combined real estate experience. Feel free to forward their contact information to me, or mine to them.
- NedTrudy
- Contributions:2
Create a website dedicated to selling and post it everywhere. Include a lot of information like an album at Picturetrail or a Mortgage Calculator to help people figure out what their payment is going to be like. Then PROMOTE IT everywhere you can think of, put it in your email signature, etc. and make it as easy as possible for people to pass it along. Use the internet to your advantage.
- Cece Rogers, "Cece Rogers"
- Contributions:54
Recently, a home sold on Ebay for much more than it was worth! and raffle off tickets is another popular way to market a property. If you are not into these, then find a Realtor who can give you honest suggestions.
- Jill Morgan Seitz, GRI, "jmseitz"
- Contributions:63
You did not mention if your home is listed with an agent (Realtor) or if you are trying to sell it yourself. I suggest the use of a Professional if you are not using one already. Have the agent take you out and look at your competition as though you were a Buyer...would you purchase your home over all of the other homes in the same price range? Is it in as good of condition? Does it have as many nice features as those price the same? You must be willing to do what it takes to get your home sold - be competitive with other homes in your area. Sometimes we tend as Sellers to get too emotionally involved in selling our homes and put more value in them than is really there.
I have dealt with so many Sellers that think that their home is priced right and yet once they see it through the eyes of a Buyer...they are shocked. The most common mistake I also see from Sellers is that they do not know how to simplify and de-clutter their homes. You know that you will be moving one day...pack up everything you are not needing and make your home look clean and fresh. This does not cost money and it is amazing how many people do not understand how distracting a dirty or cluttered home can be. Good Luck and hope you home sells soon!
I have dealt with so many Sellers that think that their home is priced right and yet once they see it through the eyes of a Buyer...they are shocked. The most common mistake I also see from Sellers is that they do not know how to simplify and de-clutter their homes. You know that you will be moving one day...pack up everything you are not needing and make your home look clean and fresh. This does not cost money and it is amazing how many people do not understand how distracting a dirty or cluttered home can be. Good Luck and hope you home sells soon!
- Brian Atkinson, "Brian Atkinson"
- Contributions:487
Where is the place you are selling. Price is a huge factor but there are many more depending on where the property is located.
Brian
Brian
- Nathan Wolf, "natewolf"
- Contributions:1825
While price is a HUGE factor it is not the only factor. Your home MUST be listed with a REALTOR in order to get the most available traffic.
Your REALTOR should help you understand the similar homes on the market, and help you determine a fair asking price for your home.
Condition and availability to show is also a large factor in showing homes. If you want to sell your home, you must be willing to have an agent make a last minute appointment if necessary-- which means your home must always be ready to show.
Pay attention to feedback from agents and buyers. Ask your agent to diligently followup on any buyer agents who have shown to ask if there are any factors about your home which are detracting from a buyer making a contract.
Your REALTOR should help you understand the similar homes on the market, and help you determine a fair asking price for your home.
Condition and availability to show is also a large factor in showing homes. If you want to sell your home, you must be willing to have an agent make a last minute appointment if necessary-- which means your home must always be ready to show.
Pay attention to feedback from agents and buyers. Ask your agent to diligently followup on any buyer agents who have shown to ask if there are any factors about your home which are detracting from a buyer making a contract.
- Esteban5
- Contributions:128
Aggressive pricing and negotiation with a buyer is going to be your #1 tool. As others have mentioned, there are other tools (staging, increasing curb appeal, painting, etc.)
Personally, I wouldn't sink too much more into the house - unless it really needs attention. You fare better by keeping the price low.
Personally, I wouldn't sink too much more into the house - unless it really needs attention. You fare better by keeping the price low.
- Bill McInerney, "Bill McInerney"
- Contributions:17
Price, price and price. It isn't selling becase buyers are finding better home values elesewhere. Face facts. This is a tough market and fantasy pricing doesn't work.
- Dorene Robinson, "dorenee"
- Contributions:3
I suggest you take a look at the homes on the market in your area, in your price range. Buyers are looking for the best property at the best price. Find out what makes your property, or the others in your price range, more appealing from a buyers point of view. Make your house the best choice for the price!
Clean up any clutter on counters, floors, shelves and walls.
Making your property spic N span clean is a Must!
You must have curb appeal.
Clean up any clutter on counters, floors, shelves and walls.
Making your property spic N span clean is a Must!
You must have curb appeal.
- Mark75NYC
- Contributions:1316
"price is lower than other homes in the area" meaning what?
That your asking price is lower than other asking prices for other houses that are also not selling? Â Both may be too high.
Or that your asking price is lower than homes that sold in the past? Â Well, we were in the biggest housing bubble the country has ever seen until recently, so you can't expect to get bubble prices now that the bubble has popped for good.
If you're saying that your house is priced lower than houses that are CURRENTLY selling, like right now, then you must be incorrect in your assumptions about your house being comparable to those other houses. Â Maybe your location is not as good or the condition of your house is worse than theirs; there are many other things besides size of a house/property that will drive price.
If you're priced right, you'll sell fairly quickly. Â If not, you won't.
That your asking price is lower than other asking prices for other houses that are also not selling? Â Both may be too high.
Or that your asking price is lower than homes that sold in the past? Â Well, we were in the biggest housing bubble the country has ever seen until recently, so you can't expect to get bubble prices now that the bubble has popped for good.
If you're saying that your house is priced lower than houses that are CURRENTLY selling, like right now, then you must be incorrect in your assumptions about your house being comparable to those other houses. Â Maybe your location is not as good or the condition of your house is worse than theirs; there are many other things besides size of a house/property that will drive price.
If you're priced right, you'll sell fairly quickly. Â If not, you won't.
- Nathan Wolf, "natewolf"
- Contributions:1825
ATTENTION SELLERS:
Lowering the price of your home is NOT the only way to sell your home.
- nancymerklin
- Contributions:21
If you don't have a large mortgage on your home, you may want to consider having an auction. I couldn't sell a building I owned and decided to have it auctioned. My suggestion is have an auction with no reserve!!!! ~~ No reserve brings a lot of bidders. At the auction I had I made about $75,000 more than I expected.
Remember not all auctioneers are good!!! ~~~ If this is an option for closure I would be happy to refer the company that auctioned my property.
Nancy Merklin
- Debby Thompson, "Homestead Realtymilw"
- Contributions:275
Have you gotten any feed back on showings. Sometimes that is a good way to find out why! If you haven't ask your agent for some help. I offer all my listings to have a home stager come in and help them with their home. Yes if buyers come in and see projects that needs to be done they may not want to take that on. You might be able to find someone that is willing to help you. Price is a factor if you aren't seeing any showings. Are other homes selling that are like yours? Maybe in your price range there aren't many buyers in the market right now. I make sure I let my sellers know what is selling as far as price range. If only 1 home sold for over 300,000 in 3 months and they are priced over 300,000 they know this infomation. Talk with your agent and get some help. Good luck. I hope it sell soon for you.
- Get on MLS $69 ! www.mlsisland.com, "flat fee mls realtor"
- Contributions:32
We left you a lot of responses. Did any help?
- Nathan Wolf, "natewolf"
- Contributions:1825
What's the price? Some pricepoints of homes are simply not selling because buyers cannot get a loan. If your home is over $417,000 a buyer will have a VERY difficult time getting a loan today, even with PERFECT CREDIT, they will probably need 20-Percent down payment.
- Brannon Brekeen, "bbrekeen"
- Contributions:37
I realize the answer depends on location, but you can basically look at three variables on why your home isn't selling: 1) price, 2) condition of the home, and 3) marketing.
First and most importantly, your home has to be priced accurately (that also means, not WAY lower than your competition)
Secondly, you need to look at the condition of your home....is it presentable? Is there a lot of clutter? Is it clean? You have to look at from a Buyer's perspective, not your own, which can be very difficult for some Sellers.
Thirdly, your home has to be marketed. In this market especially with more supply than demand, your home has to be given proper exposure to all qualified Buyers. It also needs to be marketed to all area Realtors, because, you have to think, each Realtor may have 2 Buyer clients, each client knows someone....etc.etc. it becomes exponential.
Once you can identify and start eliminating these varialbles, you will find your home selling very quickly.
- Louise H Smith, "Louise26"
- Contributions:1
Where are you located? Are you advertising?
- Jerry Ruzicka, "Jerry Ruzicka"
- Contributions:3
This market is very soft so you must be priced right for the house to sell. You also need to keep it in excellent condition so it shows well. The biggest problem today is the houses are looking very rundown due to the amount of Short Sales and foreclosures going on.
Jerry Ruzicka
- nancymerklin
- Contributions:21
I have been a real estate agent since dinosaurs roamed the earth. Unless property is priced below market value it isn't going to move.
I recenty became an auctioneer. Auctioning your property is an option if you don't have a huge mortgage. Auction is closure so you can move on with your life.
I recenty became an auctioneer. Auctioning your property is an option if you don't have a huge mortgage. Auction is closure so you can move on with your life.
- Mick Marsden, "mickmarsden"
- Contributions:46
Its a beauty contest and a price war out there. You need to win both. Hire an accredited stager to come in and do a consult for you. Execute his/her suggestions or hire them to do it if you're unable or unwilling to.Â
Are you working with a pro  or going it alone? A REALTOR® will serve you best in this current market and you'll probably end up ahead even after you pay a commission.Â
Consider pricing your home 5% ahead of your market. Will Zillow and other online access to the market, its easy for a buyer to see if you're a deal or not. Buyer's know the values of the current inventory sometimes better than the REALTORs they work with.Â
Are you working with a pro  or going it alone? A REALTOR® will serve you best in this current market and you'll probably end up ahead even after you pay a commission.Â
Consider pricing your home 5% ahead of your market. Will Zillow and other online access to the market, its easy for a buyer to see if you're a deal or not. Buyer's know the values of the current inventory sometimes better than the REALTORs they work with.Â
- pauljohnson_1
- Contributions:20
A successful sale is dependent on these three attributes
Good Price
Good Condition
Good Marketing
The marketing is the easy part. Make sure it is on the MLS and make sure the payout to the buyer's agent is competitive.
Make the house squeaky clean. Your prospective buyer has to visualize him/herself living there. No one wants to visualize sloppiness.
Is your price really lower? How much would the new buyer have to spend to bring the house up to current standards? If it is over $1,000 then you need to seriously consider adjusting your price.
www.pauljohnson.edinarealty.com
Good Price
Good Condition
Good Marketing
The marketing is the easy part. Make sure it is on the MLS and make sure the payout to the buyer's agent is competitive.
Make the house squeaky clean. Your prospective buyer has to visualize him/herself living there. No one wants to visualize sloppiness.
Is your price really lower? How much would the new buyer have to spend to bring the house up to current standards? If it is over $1,000 then you need to seriously consider adjusting your price.
www.pauljohnson.edinarealty.com
- Immacula Paul, "immacpa"
- Contributions:48
talk to the agent and find out what is he or she is doing to help your property
our house has been for sale for almost a year. Yet it is still on the market. What is the problem
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