MY HOUSE IS NOT SELLING - NO ONE IS LOOKING AT IT - WHAT CAN I DO?

By
Real Estate Agent with Godzyk Real Estate Services

 

This Morning's question is; MY HOUSE IS NOT SELLING - NO ONE IS LOOKING AT IT - WHAT CAN I DO?      Unfortanately in this market it is a common question. Without any lookers, the first thing you have to do is get a new brokers price opinion completed to see where your house is priced in the market. If your house is priced above market value, with the increase in listings, your house my be priiced too high to attract buyers. You want your house priced at or below market value, most often no lookers comes from too high of an asking price.

The second question to ask is anyone calling, where is the agent directing their marketing. Ask the agent why they think there is no lookers. If your price is at or below market value and no lookers why is this happening and try and solve it.

WHAT SELLERS ARE FACING TODAY?

As i write this today there are some market factors that every seller is facing:

The banks are not loaning money very freely, Potential buyers are ready and willing to buy, they are just not able until the banks start loaning money. This fact is keeping inquiries up and showings down.

WHAT ARE THE ANSWERS?

There is no easy answer, the most important thing is to be priced correctly at or below market value.

Make sure the exterior of your home is neat and clean, most people drive by the property first and in a split second decide whther they are calling back to get in, or will keep on driving.

Asking anyone who needs a sale to be patient is tough enough, especially when so many need quick sale, however better times are coming with the fall market right around the corner where showings and sales typically increase.

PLEASE FEEL FREE TO COMMENT ON WHAT YOU THINK?

UPDATED November 17, 2010

Blog written by:

Scott Godzyk
Godzyk Group Realty

Manchester NH

www.ScottSellsNH.com

Copyright 2010, All rights reserved

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Topic:
ActiveRain Community
Location:
New Hampshire Hillsborough County Manchester
Tags:
selling tips
bank owned
foreclosure
buying
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manchester nh

Comments 8 New Comment

Anonymous
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Rainmaker
976,009
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

Lisa unfortanately sellers are not listing at what the initial bpo is comong in at because they cant, because they owe too much or they remember what their neighbors house sold for and theirs is so much better it should be worth more. Alot of my new listing appointments are sellers who had their houses on the market all summer. The market has changed since then and i want to complete my onw BPO to know what that house is worth in todays market, i can nottake their word or their former agents word, that didnt work so well for them the last 6 months.

November 17, 2010 09:16 AM
Rainmaker
976,009
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

Holly i think one of the biggest problems is teh banks have not yet begun to loan money to those buyers that are willing to buy that would have been easily approved a year or so ago but now are being shut out. Once the banks start to loan money, we can get this market moving again

November 17, 2010 09:17 AM
Rainmaker
976,009
Scott Godzyk
One of Manchester NH's Leading Agents
Godzyk Real Estate Services

Dennis price is a huge factor. If the hous eis need of any work or repairs, then that discount should be that much greater than a house in good repair needing nothing

November 17, 2010 09:18 AM
Rainmaker
1,256,498
Anita Clark
Realtor - Homes for Sale in Warner Robins GA
ColdwellBanker SSK Realtors ~ 478.960.8055

Pricing, upgrading, declutter, new/better marketing, etc. are all factors that need to be considered.  If it's not showing at all it's usually (IMO) because of price and/or location. 

November 17, 2010 09:23 AM
Rainer
147,546
Don Spera
Serving York and Adams County, PA
CR Property Group, LLC

BPO's are not worth the paper it is written on if the ones doing this service are from out of the area.  Numerous REO's are so overpriced because of this, and then the houses just sit and become more stigmatized.  The Lenders need to hire local agents to do these, as the price can be much more justified and not puffed.

November 17, 2010 09:32 AM
Anonymous
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Rainmaker
976,009

Scott Godzyk

One of Manchester NH's Leading Agents
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Additional Information

Scott Godzyk is the Owner/Broker of The Godzyk Real Estate Services located in Manchester NH. With 25 years of Real Estate experience Scott specializes in Listing and Selling Bank Owned Homes, Short Sales, Residential Properties, Condominiums, New Construction and Investment Properties. Scott services the counties of Hillsborough, Merrimack, Rockingham and Belknap. To contact Scott Godzyk please call 603-661-2121 or email sctprop@aol.com. his website is www.ScottSellsNH.com.