If you have been trying to sell a home with no success, then you are like much of the rest of the wanna-be home sellers. It is expected that as many as 70% of the homes on the market today, as well as those that will enter the market over the next year, are not going to sell. It should be obvious to anybody who cares that home values are dropping and that competition for home sales is rising.
So, if you have been trying to sell a home and have not heard, the market's message to "borderline" home sellers is "just go ahead and remove your home from the market." It will not sell. Only the highly motivated home sellers will sell, and they had better utilize all of the vast resources for home sellers available to them to succeed in this very difficult housing market.
A quick review of a local MLS this morning showed that 308 homes failed to sell last month (of course, thousands failed to sell, but 308 had their listing periods expire with no home sale). I decided to study these to see if there was anything to learn from these unhappy homeowners who were trying to sell a home.
Wanting To Sell A Home Today
Selling a home in today's housing market is a FULL TIME JOB, it is not something somebody can "get to after work." I was amazed at how many of these homes should have sold, but were just plain poorly marketed. Things like no virtual tour, too few pictures, poor quality pictures, and a total lack of exposure stopped most of these from selling.
Know This If You Are Trying To Sell A Home
How To Sell A Home Today: Decide to Stay or Go. You must get off of the fence. If you want to "Go", hire the real estate company with a powerfully aggressive marketing plan and move on with your life. Get the home sold and just go!
If you decide to stay, plan on being in the home for the next 5 to 10 years as the market sells off the millions of distressed properties that are just really starting to flood in. Enjoy the stay by making a stand, don't torture yourself in vain (like the 70% of home sellers who fail to sell their home next year); just make it a deliberate decision on your part and leave the real estate market behind you.
Once you decide either way, you can be happy knowing the hardest part (the decision) is now behind you.
So, if you have been trying to sell a home and have not heard, the market's message to "borderline" home sellers is "just go ahead and remove your home from the market." It will not sell. Only the highly motivated home sellers will sell, and they had better utilize all of the vast resources for home sellers available to them to succeed in this very difficult housing market.
A quick review of a local MLS this morning showed that 308 homes failed to sell last month (of course, thousands failed to sell, but 308 had their listing periods expire with no home sale). I decided to study these to see if there was anything to learn from these unhappy homeowners who were trying to sell a home.
Wanting To Sell A Home Today
Selling a home in today's housing market is a FULL TIME JOB, it is not something somebody can "get to after work." I was amazed at how many of these homes should have sold, but were just plain poorly marketed. Things like no virtual tour, too few pictures, poor quality pictures, and a total lack of exposure stopped most of these from selling.
Know This If You Are Trying To Sell A Home
How To Sell A Home Today: Decide to Stay or Go. You must get off of the fence. If you want to "Go", hire the real estate company with a powerfully aggressive marketing plan and move on with your life. Get the home sold and just go!
If you decide to stay, plan on being in the home for the next 5 to 10 years as the market sells off the millions of distressed properties that are just really starting to flood in. Enjoy the stay by making a stand, don't torture yourself in vain (like the 70% of home sellers who fail to sell their home next year); just make it a deliberate decision on your part and leave the real estate market behind you.
Once you decide either way, you can be happy knowing the hardest part (the decision) is now behind you.
About the Author:
Joe Manausa, MBA has owned a realty company for over 21 years and councils home sellers on what it takes to sell a home today. You can get his free 86-page e-book for people considering a short sale of their home.. Unique version for reprint here: A Strong Message If You Want To Sell A Home.
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