Why Isn't My House Selling? Home Selling Tips

Why Isn't My House Selling?

Home Selling Tips 

 [original post Why isn't My House Selling? ]

I received the following eMail after a video I posted on my page for "Home Not Selling Forum" 
This relates to Home Absorption Rates and how to use it and help you sell a home.. .
"Hi Fernando, just listen to your Youtube video...have ???
well as you said try to be in 1st position to sell your home quicker..
we feel that we are but what happens when buyer to comparing to other town that are
a little cheaper and get more home for the money....
as for my home in my town we look in great position 1st or 2nd..
had so many viewing but no offers in 3 months now.... its hard to lower any further unless its by owner
then we can lower it by 20k that commission eats into the small profit we get back..
what do you think,,
we live in Fort Lauderdale area in a very nice section....
Thanks R&B"

I decided to post my answer as to provide help  in case you have a
house that will not sell as well
My Response: 

Hi R & B thank you for watching my video. 

Just understand that the Absorption Rate of any house is for a particular market only. .at any given time

When buyers are first looking for homes, 

They are considering many areas at first.. (no absorption rates yet)

Then they decide particular areas because of school ...conveniences..walkability ...status......(no absorption rates yet) 

It is when they are committed to a neighborhood or small area where your agent must ask this question when your house is located inside...

• How many houses have sold in the last 6 months? 
• How many houses will sell in the next 30 days
• What is the position of your house vs the competition?

If I was your agent, I would come to pick you up and make appointments with the competition...and I would ask you to pretend you are buyers

This is how you can help yourself and let your agent do the work...

Ok, you had enough

drop your agent

and save on the commission .....to transfer those funds to the asking price?

Big mistake!

Buyers are savvy ..and if your house is in the "expensive" side...all the buyers are intelligent....this is why they are buying expensive homes in first place!

The first thing they ask...

• What is the history of the house? 
• How long has been in the market? 
• Why are the sellers ...selling it?

Assuming that these buyers have their own agent...very likely because most "serious prepared buyers" have already crossed path with dozens of agent while preparing to buy...

They will be represented by one of them ..I can assure you of that

Their agent will be answering those questions...

"They been trying to sell this house for a long time...for this amount and this amount...now they are asking this amount, they are desperate, let's offer them $$$$  and see what they say...they should be grateful we at least bringing them an offer.

The odds of you selling your house at top price and saving in commissions  is almost zero in this case.. .

You've inspired me doing another video

I researched and analyzed why these houses are not selling..

They are all active and they been in the market for OVER 365 DAYS!!!

This is what I found:

Thank you and good luck!

Fernando 

           

Home Selling Tips: WHY IS MY HOUSE NOT SELLING?

WHY IS MY HOUSE NOT SELLING? 

Understand that the LISTING PRICE and the SELLING PRICE are two different things.

Although there are many other aspects and conditions that affect the sale of a home. The price is the pivot that directs it to the SOLD group or to the STALE group.

If your house is not selling, you need to discuss and analyze with your agent the position of your house among  the competition. . 

How does your home stack up?

The video below will open up several options for you and my hope is that your will quickly recognize the mistakes that will enlighten you into taking the proper direct steps and getting your house sold.

 

 

Pricing is critical in this market and so is condition.

You have to match the two in a very balanced way...

I invite you to visit out HOME NOT SELLING FORUM to find the answers you may be looking for.. .

and if your house sale has currently expired, don't make these 5 MISTAKES . .

           

 

Fernando Herboso

Broker of Maxus Realty Group
Listing Specialist

301-246-0001

Fernando@ReallyNiceHomes.com

 

 

Original article: Why Is My House Not Selling? 

 

The New Construction Boom in Montgomery County MD May Stop You From Selling Your Home

The New Construction Boom in

Montgomery County Maryland 

Could Stop Your Selling Plans. . 

If you are planning on selling your home IN 2015-2016, now may be the "BEST"time to act. 

Demand is high, across the country and supply is low. Many homeowners are experiencing and benefiting from an almost auction atmosphere with several buyers fighting for some houses located in key hot real estate market areas, buying these homes  in a  multi-bid environment. 

Montgomery County Maryland is no exception to this current housing environment. Higher prices, interest rates at historic lows and lenders being less stringent contingencies are making it easier for the seller and harder for the buyers to find a suitable home that fits their needs. 

. . .and another reason to sell right now!

More competition is about to hit the market in the form of newly  constructed homes. This may put an end to the buyers’ frenzy over the limited inventory of  existing homes which has been below normal levels for over a year. According to the latest report from the National Association of Realtors (NAR), the forecast for new housing starts and sales will increase significantly over the next two years:

NAR is forecasting 1.1 million new housing starts in 2015, jumping to 1.4 million in 2016.

New home sales are projected to increase from the 437,000 in 2014 to 570,000 this year and 

720,000 in 2016.

The first step you should take if you are thinking on selling soon. . 

Determine how much your house is worth in today's market.

The most reliable method of doing this is by contacting a professional Real Estate Agent that specializes in selling homes. 

The least reliable methods is to use the Internet and a program generated value that does not take in consideration many factors and portrays all houses as being the same. 

Making a decision to sell a home is very important, you should do this based on actual reliable facts. 

I woudl like to assist you in making the right decision by going our selling homes page

Original article 

http://www.reallynicehomes.com/blog/new-construction-boom-montgomery-county-md-may-stop-you-selling-your-home/

 

    

Tips To Sell a Home:

TARGET MARKETING Houses To Sell

By choosing a careful demographic selection of the most likely buyer for the house you are trying to sell, you will have the best success if you apply a Target Direct Marketing Campaign using Facebook.

While there is no magic pill to find the right buyer for your house,  with a little luck and a solid plan, you can help refine your approach and get more out of your marketing dollars.

Defining Your Target Market

This is probably the most critical aspect and decision you must make if you want your plan to work.

What criteria should you use when defining the right buyer for your house? 

I always like using geographic, economic and social criteria to narrow down that potential buyer for the house. This is an area where marketing dollars are spent wisely and directly vs a broad push to the public, via traditional campaigns ...where 99% of them does not display any interest or have any direct appeal for the house I'm selling.

"Defining a target market can be a key to success for those who sell a property right away versus a listing that sits stale waiting for someone to finally notice it."

You can become aggressive and  do this yourself if you are selling on your own,

or find a good Realtor® that has the right marketing plan to do it for you

This is how:

 

Target marketing a house to sell requires planning, patience and being strategic on your approach.

 

Ready To sell your house? Take the first step here

 

original article: http://www.reallynicehomes.com/blog/tips-sell-home-target-marketing-facebook/

Are Realtors Worth The Money?

Are Realtors Worth The Money? 

"Just realizing that just because people have access to the Internet, it doesn’t make them a real estate agent....and I should not pay for that"  That wasn't a question , not even a complain, My prospective (expired) seller client was just wondering aloud. . .

I'm sorry you experienced bad service before, but I can assure you, not all real estate agents are equal" . . That's all I could say to defend my industry and at least have a chance to convince this home seller that my services were different and I was worth the money.

In fact, I was NOT  just worth the money that I was charging him, I was worth a lot more. .and I intended to prove him wrong.

There are thousands of home sellers asking themselves this very question?

How much a Real Estate Agent Costs? 

My short version answer is: 

"A good real estate agent should not cost you any money...on the contrary!"

The long version?

I did a video about it!

If you are thinking in selling your home soon. .

Perhaps reviewing the 7 Essential Rules of Real Estate Marketing could be an eye opener for you.

Click on the banner and let's begin!. . . 

http://www.reallynicehomes.com/selling/hiring-process/

 Looking to sell soon? -- Not all Realtors are the same:  www.ReallyNiceHomes.com/Selling

original article: How Much Should I Pay a Realtor? 

How To Sell a House With A Tenant - Can I Sell a House if I Have Renters?

How To Sell a House With A Tenant 

Can I Sell a House if I Have Renters?

 

The first piece of advice many Realtors may give homeowners who want to sell their home while a tenant is in residence is short and to the point: DON'T DO IT!

Understandable so when you consider the tremendous exposure to liability and the prospects of selling a house at the lowest possible value because of an unruly tenant.

If the tenant has a lease in place, they cannot be evicted before the end of their term. You have to sell the house with a lease and the new buyers takes possession of the house including the lease that was originally signed and agreed by the prior homeowner. The lease is part of the house and you sell it with all it's conditions. .

If you must sell your house, you need the assistnce of a good Realtor that will help you by being proactive and honest with your tenant, perhaps there is a way you can find a resolution that will be acceptable to your tenants. They must be cooperative or I can assure you that you may end up losing  money during the sale.

A good  Realtor should work with your  tenants. They have to be  very persuasive and amicable with them. Find a resolution to get their help. They should be able to convert them as an advocate to help you sell the house.

How critical is hiring the right agent to represent you when you sell a home with a tenant?

Watch this video for the answer. .

 

A good Realtor brings the landlords and tenants together to understand the rules and the conditions of the lease. . while a home is being sold successfully!

 

For more information "How To Sell A House with a Tenant"?  GO TO: 

www.ReallyNiceHomes.com/Selling 

 

Original article : How To Sell a House With Tenants

HELP My House is Not Selling - Home Not Selling Forum

HELP My House is Not Selling

What To Do When Your House Don't Sell

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

Home Not Selling FORUM

Q & A

What to Do When Your House Doesn't Sell? 

• Q: "Should I drop my price and re-list it with my agent once again? A :Often the reason a home doesn't sell is because it wasn't properly positioned to attract to the maximum number of buyers. Your house needs to be in "POSITION TO SELL". So what is the solution? I understand your past agent may be a good agent, but should you considered allowing someone to give you a second opinion on the marketing of your home?  What would your agent do different the second time around?  (see answer "Home Not Selling Forum")
• Q: "We had several showings, but not one offer. What are we doing wrong? A:There’s many reason for this. One of them could be that you as a seller like to follow potential buyers around the house to tell them everything that’s great about your place. Don’t be a HOME SELLER KILLER! that’s what your agent is supposed to do for you. All communications should be between your agent and the buyers.  It can also be your price, then you are helping your competition sell their homes instead of selling yours. Is your house cluttered full of stuff, vacation pictures and mug collections? Is your house clean? How is your curb appeal? Is the Internet description of your house matching the actual condition of the house?(see answer "Home Not Selling Forum")
• Q:"Should I take it off the market, remodel my kitchen with granite counters and put it back for sale?  A: " It depends, Your best bet is to figure out where you stand by taking stock of your home, what needs repairs, what's the current market, and nearby sales activity. The answers to this will give you a clearer answer if you should repair your house or not. Is all about the return on investment. (ROI) If you spend $5000 for a new kitchen, can you sell your house for $10,000 more? Are nearby sales supportive in raising your price $10,000 more? You need guidance and a complete assessment before you spend $20,000 to only sell it for $10,000 more.(see answer "Home Not Selling Forum")

 

 

original article here: Help My House is Not Selling 

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