Houses that sell before hitting the MLS
youngdeb
11 years ago
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weedyacres
11 years agolyfia
11 years agoRelated Discussions
Help! House not Selling!
Comments (47)Wow! What a debate. Sorry about the instigation of it. Update: A discussion with the new agent revealed he is no where near concern about the smoke. Quote: "if there was a choice between the house not selling because of smoke smell and price, price would win out EVERYTIME." Not sure if this was an unbiased opinion but we began to look at comps. He showed me next door sold for $257K. However, I know after many decisions that the new owner has put in over $30K in work to bring up to livable let alone comparable to our home (even with smoke smell  old and new owners smoke). Two doors down, house sold for $279K needed kitchen, floors and no finished basement. Slightly larger. New owners have put about $20 into so far (paint, floors and walkway). A discussion with two honest friends is that smoke is not noticeable when filters are running 24/7. Non-smokers here. Yes I know it is noticeable because I can smell myself. I cannot debate smoker/non anymore, it is just not fixable as feedingfrenzy says (remember folks, I am non-smoker and even recently lost family to it). Agent said only one person honestly commented on smoke smell and they would have put offer in if it was not for financing up to $280K (agent could not get it thru). Agent is not worried about price just yet. Said to wait till weekend to drop if so. There is still cold weather and snow on ground to slow buyers from putting offers. Lessons: 1)Do not sell your own home for profit. Buy another, fix it up and sell. If you cant make money doing this, donÂt buy it in the first place. 2)Hammybee and Quip. I fully agree, once the house is up for sale it is no longer ours. I walk in after each showing and see myself only visiting the house. 3)PeopleÂs perceptions differ. DonÂt let it upset you. It is a product to sell nothing more. 4)Any house will sell. ItÂs a matter of Location, Condition and Price. Its just a matter of time. 5)Agent also said the house sold next door because of price alone. Neighbor said it took 18 showings to sell even tho it was two heavy smokers and smelled of cat urine. I will keep people up to date on progress and try to get more opinions....See MoreWhy list on MLS if you don't want to sell or show?
Comments (9)ncrealestateguy-If a buyer signs and agreement with an agent, it in no way restricts them from making a phone call. It may ruffle a few feathers, but that is it. You might operate under a particular code of ethics as an agent, but that code does not extend to the behavior of your clients. If your client wants to bypass you in any and all negotiations, that is their right. They will still need to pay you, but that is the extent of your relationship. I'm sure your recommendation works great most of the time, but these 2 agents work together at the same agency and one can't get a return call. That is just unacceptable. If the agent can get it resolved on their own, great. It doesn't appear as though that is working at this point though. As for timing/deals - a sellers agent that helps set the price on a property and then immediately buys the property at that price is behaving improperly. If the agent knows that the property is so underpriced that they immediately jump on the deal, then they didn't fulfill their duty to look after the financial interests of their client....See MoreSelling our house: Just bad luck, or something else?
Comments (11)@brickeyee and nc- both good points! Thank you for challenging my thinking. I'm definitely starting to see this more from a business perspective. We've lowered the price once so far- she suggested it, but I thought it was overdue, honestly. But she's the professional, so we feel like we should let her decide when we need to change things up- that's why we hired her, after all. I would like to take charge (that's my nature), but I don't want to mess her strategy up. @kirkhall- we're in one of those really weird areas where you can't really find a good comp. We're in a county that's kind of split in two- on one side is the postage-stamp neighborhoods, with shopping and amenities that all the relocating families flock to.......and on the other is a very rural, farming community with a fantastic school and low-to-no inventory (which is where I live). So basically what I'm saying is, we have no true comps to visit! :) If you're looking at our market competition, there's only one other house for sale in a 2 mile radius around ours, and there's no comparing the two. So when you do a search for houses in our price range, you see mine mixed in with all the others from the other side of the county (we're all in the same "city", postal wise). So, yes, our house is over priced when you look at the MLS without knowing the specifics. But someone (REA) who knows the area will know that our house is in a very different area from the others, and not a fair comparison. It's a tough situation! When we interviewed the realtors, they all brought different "comps" and their recommended listing prices were spread out from $235 to $255. We went with the one in the middle and listed at $245. It's starting to look like maybe they were all over pricing our house.........See Morehow much to do before selling
Comments (7)It sounds like you have some work to do. You may not get back all the money you have to spend on this, but failing to spiff it up may mean that it takes a year to sell at a decent price, rather than a month. Most people buying a house want to have to do as little as possible to have it livable. And those who will buy it as something of a fixer-upper are going to use these "defects" to try to get you to lower the price substantially. There are many things that can be done to make the backyard not be an eyesore. If the hardwood is in good shape, redoing it would be a big selling point rather than putting in new carpet that may not be to everyone's taste. My neighbor sold her house last year and put in very nice, expensive new carpeting in the three bedrooms that had it...guess what the first thing was that the new buyer ripped out? Without seeing pictures or knowing more about your house I would suggest you apply this test to see what you should improve: If you were shopping for a home and you found something that was in the condition yours is, what would you want done to it so that you wouldn't hesitate to put in an offer? Then focus on those items. I don't mean everything has to be refurbished, but you do want to make the sales process as painless as possible....See Morebrickeyee
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