Sellers Horror Story

Just in time for Halloween is the seller's horror story.

Your home has been on the market for months and months with barely a nibble. Your agent has been able to hold you at bay, with the help of the press, with general comments regarding the market and comments about your home. Straighten up, shine it up, paint it up, trim it up. Unfortunately, these endeavors did not happen to "hurry up" a great offer.

Why is your home not selling? It's a combination of things.

When you interviewed your agent, did they alert you about the market conditions?
How did you and your agent set an asking price?
Did you review your competition in the marketplace?
As other homes sold, did your agent reassess the competition?

We are in a buyer's market. It's a great time to purchase a home. Mortgage rates are low, inventory is higher than it's been in years and the increased surplus of homes has reinstated negotiation.

If your agent has not helped you set a realistic/competitive price for your home and/or has not been able to successfully negotiate an offer you may be one of those languishing on the market.

As stated before, choosing an agent is more than a shot in the dark. It's not your friend who just got their license, a friendly parishioner at your church, the most popular mom in the neighborhood, your friends brother, etc, etc, etc.

Be wise in picking someone to represent you in this very pricey transaction. In-experienced people will cost you thousands of dollars.

The most frustrating part of the real estate business is the fact that the majority of people never realize when they have been poorly represented.

Please read "The Three marketers."