House Not Selling Options : What To Do When Your House Don't Sell

House Not Selling  Options :

What To Do When Your House Don't Sell

Here's a list of important facts we gather from homes that did not sell.

Q & A

What to Do When Your House Doesn't Sell? 

• Q: "My agent did not do enough open houses" A: Houses that are sold during an open house is a very rare event indeed. The National Association of Realtors (NAR) recently said that only 11% of homes are sold during an open house. What are the chances, you wake up a Sunday morning and you are lured by an open house sign and later you're signed up to buy a house?  Buyers plan months ahead before qualifying and getting ready to buy a home. During this time, they have touched at least a dozen Realtors that will be more than willing to show them any house in the market, every day of the week! Open houses attract other sellers and future (6 months) buyers for your agent. 
• Q: "My agent kept me on the dark, with no communication or feedback!"A: This is bad. I heard agents refusing to answer their phone, hiding from their selling clients, no where to be found. The only reason I see is that they did not have a clue why the listing was not selling? Feedback is important when you are selling anything. Adjusting the presentation of the product is priority #1 for a listing. As a matter fact, on the contrary, when one of my listings is not selling, that's when I speak to my clients more often. 
• Q:"I don't think my agent was doing enough advertising to sell my house"A: The most important component to advertising a home for sale is really the asking price! If you are "NOT" within the market suggested price range, bikini girls dancing on your front yard will not sell your house.  In reality, our Multiple Listing Service (MLS) is the source where all the advertising is stimulated from. Any home listed in the MLS is syndicated across the web to literally thousands of websites, all done automatically. Is in this "extra" advertisement what separates selling agents from listing agents with expired listings.. .and that "extra" advertisment could be the difference your home gets sold or not!

original article here: House Not Selling Options

 

" I Don't Want to Hire You To Sell My House "

"I Don't Want to Hire You To Sell My House... "

[WHAT A FOR SALE BY OWNER (FSBO) SAID TO ME...]

 FSBO: "I Don't Want to Hire You To Sell My House, When I'm Ready, I Would Prefer to Call my Realtor Friend Before You Anyways...He SOLD my Last House in JUST TWO DAYS!!!?" 

ME: "You left money on the table then..."

FSBO: "What do you mean leaving money on the table?" 

ME: "First of all, did you want or meant to sell it in two days?"

FSBO: "No, it just happened that way...." 

ME: "The reason why I think you left money on the table is because  if you SOLD your house in ONLY TWO DAYS...I can assure you it was UNDER-PRICED!" 

FSBO: "Excuse me???  How do you know all that??? "

ME: "Any house that sells in two days is under-priced to begin with... There was no time for any marketing to work on your listing. . . the only reason why it sold in two days was because it was a BARGAIN for the buyers...not because your Realtor was any good" 

FSBO: "I don't know how can you . . . . 

ME: "I'm sorry, but I must tell you this now... you may be making the same mistake once again, and this is my advice before you hire your Realtor friend again."

"Your PRICE sold your house..NOT YOUR REALTOR!

"You could've hired my 12 year old daughter and achieve the same results. .

You see, to achieve TOP DOLLAR for your house, you need a comprehensive marketing plan that INCLUDES the time necessary to take it's full effect."

"Anyone can sell a house at BOTTOM DOLLAR. . 

But to sell your house for TOP DOLLAR. .

you'll  need a good agent that understands the way houses are priced, marketed and sold" 

"Please watch this video that I prepared just for you to explain my strategy HOW TO SELL YOUR HOME FOR TOP DOLLAR"

TO WATCH VIDEO GO HERE 

 

Got a question?
ASK THE TIGER OF REAL ESTATE HERE

Thinking on Selling Your House?  

See the "7 Essentials Rules To Sell Your Home At TOP DOLLAR"

"The Neighbor From Hell" . . Welcome to the Neighborhood!

 

 

"The Neighbor From Hell"

Q: I just arrived in DC yesterday. Before my movers were scheduled to come I had a guy come out to give me an estimate on putting a fence in front of the rowhouse I just bought. I haven't even met my neighbors yet. And the next thing I know my neighbor if raising his voice at me telling me that "we are going to have a problem" if I put up a fence and we are going to be getting off on the wrong foot. Never mind the fact that I had literally met this man ten seconds prior to this. I went in the house and listened to the fence guy and honestly won't do the fence because it is way more expensive than I anticipated. But I don't want to make this guy think that he won. He kept on going on about how the neighborhood used to be a certain way and there is his mom has been there fifty years and he grew up in this house and no one else on the block has fences.

I am really at a loss. I have read over and over how you should be mindful of older residents and try to be accommodating, but I literally don't know what to do when I get accosted about something I'm only thinking about doing only 24 hours after moving in.

I'm thinking about putting a fence up for spite.
What would you guys do?

Question asked and answered on DCUrbanmom.co

A: Definitely don't do anything just for spite.
The moment you do that..
you lose
your honor
and
your principles.. .

Pretend this person is crazy and deranged ...which most likely he is.
Pretend he is a child living inside an adult body
I would ignore him and simply go on living with purpose. . .

Many years ago, I  sold a house before when the neighbor refused to help us tidy his yard...
he was yelling at my clients from his front yard, deranged and all crazy
 ..cussing them for daring in asking  him to cut his grass.

There was no HOA on the neighborhood and neighbors in general kept their yard tidy and neat..

Except this neighbor from hell.
The bully of the neighborhood

He was definitely making my listing look bad...
Potential buyers were driven away. . who wants to live next to foot high grass with trash littered all around?

"Most real estate experts all agree that curb appeal is one of the most important aspects to consider when selling your home.
When selling, it's the appearance from the street that determines if the buyer never gets out from their car or not "

In this case...buyers and Realtors were not even getting out from their cars!

 

MY SOLUTION READ IT HERE

                                         

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Foreclosure Bargains Of Maryland. Where Are They Now?

Q: Where are all the good deals now that foreclosures in Maryland have decreased numbers? 

A: I got news for you. Foreclosures have NOT decreased, on the contrary, foreclosures for the state of Maryland have increased when you compare it to last year’s numbers.

According to the latest “Corelogic National Foreclosure Report” Foreclosures in the nation,  have dropped down 34.3 overall since December 2013. The bad news for Maryland is that we are in the top 7 states with the most foreclosures as of February 2015

Is hard to understand that Maryland is put with the like of Florida, Nevada, New Jersey and a few other states that are well known to be always in trouble when it comes to jobs, deficits and housing speculation.

Why are we ranking so high in foreclosures when we lead in the jobs market and low unemployment numbers?

The answer is simple, Maryland simply was too protective of its citizens, providing us with all types of programs and benefits to keep lenders from foreclosing their properties.

There are families still living in Maryland that did not make a single mortgage payment in the last 2 years…some even longer!

Completely different of what our neighbor state of Virginia did for its citizens. Not only they did not protect them… but encourage

Read More

Read more ways to protect your house by going to Maryland Hope Website

Stats and more information provided by: SimplifyingTheMarket.com 

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Should You Buy a House Now...or Later This Year? Maryland Real Estate

 

from: http://www.reallynicehomes.com/blog/should-you-buy-house-now-or-later-year/

 

 

Q: My wife and I are having a discussion. She says we should buy a house now and I really think that we should wait for later on the year to buy and see if prices get cheaper... Who is right? Do you think prices will come down? 

 

A: A great question to ask and congratulations my friend...you have a very smart wife!

Aside the fact that the decision to buy a home should be timed based on your needs and not the market, let me give you an explanation of what we are expecting on prices this year.

A recent post from Keepingcurrentmatters.com indicated the cost vs price difference in housing for 2015 to be higher at the last quarter of 2015.

This is a little hard to understand from a buyers point of view, specially if you are not a regular follower of real estate market statistics...

But here's a brief explanation what this means for you:

Should I buy a house in the first quarter of 2015?

or 

Should I buy a house in the last quarter of 2015?

A nationwide panel of real estate experts, including economists  and investment market strategists have predicted that home values will appreciate for at least 4% by the end of the year

Additionally as they look at mortgage rate form Freddie Mac most recent commentary and projections, there is a consensus that interest rates will appreciate to 4.5 by the end of 2015

What is the bottom line if you buy now or wait until the end of the year?

This is a demonstration of what is your bottom line if you wait to buy now in dollar amounts 

Taking as an example buying a typical $250,000 home today.

 

Easy to understand.

If the economists are right, for a $250,000 house, you will be paying $172.32 more per month. .

On a typical 30 year mortgage, you will end up paying a total of $62,035.20 more at the end of your loan.

 

Now the question comes again..

Should I buy a house in the first quarter of 2015?

or 

Should I buy a house in the last quarter of 2015?

The answer is YES if you want to save around $60,000 in the next few years...

And you should buy your wife a diamond ring. ..for saving you all this money!

 

 

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Send the Tiger of Real Estate a question:

If it make is to our website, you will receive a $10 Starbucks coffee compliments from the tiger....

info@ReallyNiceHomes Subject: Tiger of real estate question

 

 

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"I Know Buying a Home Instead of Renting is Better...Stop it Already!"

"I Know Buying a Home Instead of Renting is Better...Stop it Already!" 

Without fail, Realtors speak in unison to the crowds.

"Buying a home instead of renting is better!" 

These are the reasons [money - comfort - stability..etc ]

Enough already, we have been incessantly  trying to convince the public about home buying when there is really no convincing to do. .they already know

A survey made by Hanley Wood Housing 360 revealed a startling statistics about Owners and Renters

Renters already know that buying is better than renting. . 

38% are not homeowners just because they think "They may not qualify for a Mortgage" 

55% are not homeowners simply because they "Cannot afford the Downpayment" 

Adding them together and the numbers don't lie. .

A Startling 93% of renters already know that buying is better than renting . .

The only thing stopping them is their credit and cash at hand.

If we solve these two problems, we can wipe out the rental market in the USA

To my  fellow Realtors, stop pounding a message that they already heard...and start solving your clients two major problems

Credit and Cash for the downpayment

That is the only thing renters want to hear. . .so help them now!

You ask yourself?

Why are they already convinced? 

 Since 1975 statistics show that home prices [Median Sales Price] have steady went up. . 

is almost too predictable. . 

Every accumulate year shows a steady increase with exception of the obstacles we encountered in 2005 and 2006. 

Happy to see we are getting back into the groove of what we call a normal market once again. ..

If we match this with average income earned during the same years, [Mean Household Income] Salaries are moving up and steadily . .similar to house prices.

But the major point to take from this study is that RENTERS [CPI Rent of Primary Residence] have also have seen rental increases year after year. . 

is almost too predictable. . 

I could easily predict what renters will be paying in the year 2020, 2025, 2030 and beyond.. .

To further amplify the message. . 

Here comes this study:

Owners got it made!

Their equity money keeps growing and growing building their net worth year after year for just being homeowners! 

A happy and welcome unintended consequence for the vast majority of them.

Meanwhile, RENTERS. . .

Their [Median Net Worth] is the "unintended" consequence as well. .

No one wants to rent to be worth less!

Going back to my initial argument that RENTERS do not need to be reminded of this anymore. .

Let's look at the problem and come up with solutions. . 

Is it affordable? 

Yes it is!

If you have the credit and the money for the downpayment. . 

There has never been another time in the history of housing. .[at least since 1971] how affordable is to really buy a home right now.

Interest rates are low...and home prices are holding steady

Now, 

Let's look at the two problems and come up with solutions. . 

CREDIT RATINGS

America is a nation of borrowers and there is no education for young people to start life the right way. Parents are doing a lousy job!

From the very first time they leave college of their parents homes, they are already loaded with college debt and credit card debt.

A bad way to start an unhappy life...loaded with bills and forced to take the first job offered, ending up stuck and  pressured to hold and pursue their dreams because they need that weekly paycheck to pay their bills. .

Now, adding insult to injury (a self inflicted obstacle).... .

READ THE REST : http://www.reallynicehomes.com/buying/i-know-buying-home-instead-renting-better/

About the Author: Fernando Herboso is Broker/Owner for Maxus Realty Group in Maryland. Fernando can be reached by phone at 301-246-0001 or email Fernando@ReallyNiceHomes.com