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Updated over 10 years ago on . Most recent reply

User Stats

114
Posts
14
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Paul Zofsak
  • Investor
  • Cypress, TX
14
Votes |
114
Posts

what should I expect from my realtor?

Paul Zofsak
  • Investor
  • Cypress, TX
Posted

I am 6 weeks into my first listing and am wondering what should,or could, my realtor be doing besides just putting my house on the MLS and centralized showing? I understand it can be a waiting game but as a sales person what else can she be doing to earn her 3% commission?

  • Paul Zofsak
  • Most Popular Reply

    User Stats

    15,174
    Posts
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    Joel Owens
    • Real Estate Broker
    • Canton, GA
    11,257
    Votes |
    15,174
    Posts
    Joel Owens
    • Real Estate Broker
    • Canton, GA
    ModeratorReplied

    Selling the biggest per sq ft house in the immediate area is a tough sell.

    If you have lower priced houses for the development the greatest demand will be for the entry level and mid level houses on that street. The bigger more expensive houses also do not appreciate as much and pull the entry level and mid level houses up.

    The buyers like to be in the development but more of them can afford the lower priced houses.

    You are wanting 20,000 more for the 900 sq ft. What makes up the extra 900 sq ft?? Is it a vaulted ceiling, wider hallways than normal, storage space, larger bedrooms, closet, kitchen??

    The point I am making is the extra 900 sq ft might be in areas the buyers do not see that much value in and are not willing to pay the extra 20k for.

    I disagree with all the people saying show it more etc. If it's overpriced or needs updating or style choice the buyers do not like you are just spinning your wheels.

    What you need is FEEDBACK on why it is not selling. Your broker /agent should be giving a feedback and comments report once a week. If people are not leaving comments she needs to call the buyers and the agents and ask why they didn't choose the house?? You will get plenty of feedback. People are polite and won't tell you these things unless you pull it out of them or let them know it's okay to say how they really feel.

    Once you get this data you then reduce your house list price and remarket with a new price. If it's something you can't fix then the price reduction is needed. If this is a flip you need to sell this before the holidays hit and you are stuck with high carrying costs because nobody is buying or it will turn into an unwanted rental for you.    

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