[buggyone]

Originally Posted by aljetmet

Can't agree more. We went with the biggest real estate firm in Memphis.
They originally wanted 7% commission. To make what happens to be a long story short we negotiated down to 6%...

That might have been a mistake to do. The agents work harder to sell homes at a higher commission. You will find that agents show the homes with the 7% commission more than with a lower commissiion for them.

Selling a home is not a time to go for "cheap". You have to spend some money for fixing the interior and exterior of the house to make it the best in your market area - and to be plenty flexible on the price.

[tommy steam]

Originally Posted by aljetmet

Can't agree more. We went with the biggest real estate firm in Memphis.
They originally wanted 7% commission. To make what happens to be a long story short we negotiated down to 6%...

our broker gets 4.5 % and if another broker sell house its 5%...we have it on market for 4 weeks and have had 6 showings with good feedback..but no offering so far ..Had a second look by one buyer and one just this sunday is wanting a second look....house was priced right by broker..we had an open house for brokers only the first week and 16 out of 17 thought it had the right price.....We too are tired of all the house work to get it sold ,lol...We are in LI NY..............

[daca55]

Originally Posted by buggyone

That might have been a mistake to do. The agents work harder to sell homes at a higher commission. You will find that agents show the homes with the 7% commission more than with a lower commissiion for them.

Selling a home is not a time to go for "cheap". You have to spend some money for fixing the interior and exterior of the house to make it the best in your market area - and to be plenty flexible on the price.

I think you would be very surprised at how little a broker does to sell your home. Every now and then you come accross one who works there tail off but on average they reallyu don't do much except wait for a call.

[aljetmet]

Broker wants to come to the house to present it to us today at 5:00 PM
The buyer/broker was writing it up when he called our agent.

He looked at the house yesterday and left a card indicating he would be in touch. He was true to his word. We'll see...

[swrinfla]

I'm so glad that I'm not having to be in this "volatile market!"

My friend has been trying to sell her 10-year-old-custom-built home in an upscale golf community northeast of Nashville, TN, for a number of weeks.

Many viewings, but mostly low-ball offers from them. Several broker-sponsored "open house" events, none generating happy offers!

Currently working on a "viable" offer some $20,000 less than asking, with one or two ramifications! We'll see!

SWR

[Down Sized]

It took me 1 1/2 years to give away my house. In good times houses on my street would sell in three days or less. Good Luck.

[2BNTV]

Originally Posted by aljetmet

Broker wants to come to the house to present it to us today at 5:00 PM
The buyer/broker was writing it up when he called our agent.

He looked at the house yesterday and left a card indicating he would be in touch. He was true to his word. We'll see...

I sure hope the offer is acceptable.

Just a thought, "what is it worth to get on with your new life".

Hoping you and yours can start your new life together.

[jimbo2012]

We decided not to take the hit in this market, and just listed it for rent a week ago.

That market I'm told is strong to rent, it's big house with 4 bds, so the probable renter will have kids and need to get in by start of school, or that's the plan.

There are risks with finding good tenants....

[Golfer in Sanibel]

Originally Posted by graciegirl

Our realtor said that the best time for a sale was in the first month of the listing. We mentioned what we hoped to get for our very updated 23 year old home and she said it was unrealistic and backed it up with figures. We priced it as low as we could stomach according to BILL of Bill-n-Brillo.

We had 12 showings and sold it in nine days with a bidding war and it went above the listing price with no modifications.

That was about 11 months ago in West Chester, Ohio.

I think you may have to rethink 94% of asking price.

If your home has been on the market for six months or more, it is probably stale. One technique is to take it off the market for a month or so and then relist it. It will be fresh all over again.

[skyguy79]

Originally Posted by 2BNTV

I sure hope the offer is acceptable.

Just a thought, "what is it worth to get on with your new life".

Hoping you and yours can start your new life together.

Welcome back 2BNTV! You were missed! Hope all was well with you!

[graciegirl]

Originally Posted by 2BNTV

I sure hope the offer is acceptable.

Just a thought, "what is it worth to get on with your new life".

Hoping you and yours can start your new life together.

So absolutely lovely to see you post,2BNTV!!!!!. Delighted you are back.

[Bill-n-Brillo]

Good to see you back again, 2B!!!

Here - - - this should help you get back into the swing of things:



Bill

[aljetmet]

Originally Posted by Golfer in Sanibel

If your home has been on the market for six months or more, it is probably stale. One technique is to take it off the market for a month or so and then relist it. It will be fresh all over again.

House has been on the market about 6 weeks. The offer was very low almost a waste of time. However in TN I believe they have a very weird practice. The buyer provided a contract which of course I could modify before I could counter offer. Never bought or sold like that before.
Brokers usually exchange offers by phone until agreement then a contract is written with both sides making sure all the Is are dotted and Ts crossed in their favor.

Anyway, I have just a couple of questions for my lawyer. If it's delayed I may just reject the offer and request a better one. I still have over 7 months before I can retire and if I have to take a big hit I may just work a couple more months to make up the difference.

Also glad to hear back from CT resident 2B. We have missed him!

[jblum315]

I listed my lovely home in Rye, NY, 3 months after my husband died in Spring of 2004. During the 3 months we repainted all interior, replaced all carpets and refinished all wood floors. Kitchen, master bath with Jacuzzi and guest bath were brand new. Broker #1 named a price I thought unreasonably high. Fired her.Broker #2, a neighbor and friend, gave us comparables and a more realistic selling price. Had several lookers right away in April but no offers until June. Then a woman came from Pennsylvania with two children(husband was a big shot in supermarket industry and needed to relocate to NY) She loved the house, made an accepted offer very near my price and we went to contract. Then the husband appeared and things went south.
Basically I think he hated the house. They didn't try to get out of the contract but he was obstreperous, demanding, insulting and nasty in every way. He and my son-in-law nearly came to blows. I was so miserable that my lawyer wouldn't let me attend the closing, which I heard was unpleasant.
Anyway, I got out, they moved in and that's all I know except that neighbors told me they don't talk to anyone. C'est la vie.

[Posh 08]

Originally Posted by Golfer in Sanibel

If your home has been on the market for six months or more, it is probably stale. One technique is to take it off the market for a month or so and then relist it. It will be fresh all over again.

We were told it takes 90 days off the MLS to reset to 0 days on the market. It's coming off the market Dec 1 and going back on Mar 1 if not sold. Hoping this Fall some leaf peepers may get a hankerin for the mountains. BTW in the last renewal we raised the price a couple of thousand. The market is going up. Hoping to goose any fence sitters.