When is it time to change your realtor?

Question

Our realtor has shown our house one time in the last month! I know the market is low right now, but when do I draw the line?

Answer 1

This may or may not be your Realtor's fault.

First, take a look at the MLS listing, make sure everything is accurate.

Next, do you have great pictures and a virtual tour? More internet shoppers want to see these, and lose interest if they are not in place.

How is your price? Ask what else you are competing against in your price range?

How is your property being marketed? How many websites is it on? Print ads? Open houses? Flyers?

It is a buyers market, and buyers are definately shopping around for the best deals.

Answer 2

Before you consider changing Realtors I would look at the bigger picture instead of the amount of showings you are having. The market in most areas is very slow and the amount of showings you are recieiving may not be the best judge of your Realtors performance. Consider this.. ifyour home is listed on the MLS (Multiple Listing Service) then it is availalbe to be shown by all the local Realtors (in my area that is around 6,000 agents). If other agents are not schduling showings for your home that means all those agents don't have buyers that are looking for your home.. what is the likely hood that your agent has any. You might need to consider a price improvement to appeal to more buyers and get more showings. Also if your Realtor is doing a good job you might actually have fewer showings because they are going to want to pre-qaulify the buyers before they are shown your home and they may eliminate some "lookers"

Ask this question instead.. is your Realtor marketing your home as agreed on in their listng presentation.. for example: TV, magazines, newspaper etc..

Is your Realtor communicating well with you? If they are doing all the things they agreed to do in their listing presentation then I would say you don't have any reson to consider a change at this time. However if they are not performing the duites you all agreed on then certainly consider making a change. Just don't focus on the amount of showings.. ask how many times your home has been called about in the office or how many times it was viewed on the website.. that might be a better indication of their efforts.

Best of luck to you!

Answer 3

I am a Realtor and if I had a home that was only shown once in a month I would revisit the price. Although this really depends on what part of the country you are in. Some markets are slower and some are faster. Are you in a Buyer or Seller market? In some parts of the country the market is so bad once a month is good!

What you want to do is contact your agent and tell her you are concerned. You want to know information such as how long are homes on the market for on average before they are sold. You want to know the price of the homes in competition with you. You want to know what homes like yours have recently sold for. Ask her what her marketing plan is. You also want to make sure that your home is exciting to the other agents in your area. Are you offering the buyer's agent a competitive commission? This could be a factor too. If you're in a tough market I would suggest offering a selling bonus to the agent that brings you an acceptable offer that goes to close.

I probably shouldn't say this but putting a home in the newspaper and open houses hardly sells a house. Agents pretty much do it to appease their clients. Although it CAN happen - what you really want to do is sell it to the other agents so they'll show it to their clients.

Just talk to your agent about your concern. My guess is he or she will want to lower the price or offer a selling bonus. But being aware of the competition in your area will certaintly help you understand what is going on in your market.

Good luck with the sale of your home :)

Answer 4

because of the marketplace sales are actually not super. changing Realtors rather won't substitute the domicile. What you are going to be afflicted approximately is the advertising by utilizing your Realtor. Is your domicile on domicile looking web pages different than the MLS? Is there an advert in close by newspapers? Open residences? Is your Realtor deliver out mailings saying/reminding that your house is on the marketplace and the value has heavily dropped? even although the marketplace is undesirable, all and sundry remains buying. yet they are buying residences that are priced top. additionally ask your Realtor what share residences have offered on your section at the instant and the avg value offered.

Answer 5

Did you ask your Realtor about her marketing plan before you signed with her? Did you compare it to other Realtors? Did you get more than one opinion about price? Are you priced higher than those opinions?

I do not know where you are. Some markets are very slow. The number of showing you are having could have nothing to do with your Realtor and everything to do with the number of buyers where you are.

Answer 6

with the market being down the traffic of buyers looking at your house will be lower but if you feel that you realtor is not living up to your expectations you can change realtors but i would make sure you check any contract that you signed though... a contract will bind you to the realtor for as long as agreed.. found some great real estate tips i think it may help
http://www.goduckcreek.net/HelpCenter.html

Answer 7

Ummm.....your realtor isn't going to show your house unless there is someone interested in buying it. (Or would you prefer a dishonest agent who brings friends through so that you think it's being shown more frequently ? Yes, that happens.) As long as the home is being properly advertised and marketed, the realtor is helpless if no one shows interest.

Are you properly priced ? Do you have a bad location or unusual home ? Talk with your CURRENT realtor to get input as to what could or should be done to bring more interest.

Answer 8

now.

You owe no one anything.

You have a right to be happy.

There are also ways to buy a home through bank owned properties and there are plenty now. With the right amount of work on your part to find them, just call every bank that you know in the area in which you want to live.
Ask for the bank owned property, it's usually called the REO department. They may give you the list of properties that they took back and already foreclosed on the property, and they are usually vacant.

You could buy a home worth $200,000 for the amount of the mortgage - $50,000 or $100,000 or $125,000 etc.

If you are not happy, find a realtor that makes you happy.
Also you can look at
yahoo - real estate
realtor.com,
realtytrac.com
and msn.com - real estate

Best of luck - I sold real estate working my way through college, and I helped many people to be prequalified, and get the home of their dreams and beyond!

GOD bless us one and all, always.
MBA-Boston Univ.
CPA-retired

Answer 9

More people nowadays are looking for houses that are low in price, especially now with more families foreclosing due to high interest rates. Depending on what you are asking for your home, it may be too much for most. Did you ask your agent why they showed your property once in the last month? Another aspect would be location, location, location.

Answer 10

I think 4:00 PM is a good time to change your Realtor.