4 Reasons Why Your Home NOT Selling May NOT Be Your Agent's Fault

Debe makes some very good points in her blog on the Reasons your home may not be selling may not be your Agent's fault.  Take a look at her points and see if you do not agree.

It definitely brings more facts/data to the common phrase "All markets are not the same," every market is different. Always check with your Realtor.

Most of us are on top of how the market is changing and are doing our best to keep our clients aware of the same thing.  Now whether or not they choose to listen to the facts that we present to them is another story.

 

Your Charlotte Home Won’t Sell?  Here's Why It May Just Not Be Your Agent’s Fault

Charlotte Home Seller Question and AnswerI recently received a call from a seller who was furious with her agent and wanted to discuss listing her home.  As it happens, I know the agent fairly well and have very high regards for her.  She does a wonderful job and if I didn’t live here in Charlotte, she’d be one to whom I’d consider referring business.  Sellers seem to be quick to blame their real estate agents if their Charlotte homes are slow to sell but, that can be an unfair assumption.  Here are four reasons for a slow sale that have nothing at all to do with your real estate agent:

Reason #1:  Your neighborhood is just not what it once was–it has most definitely seen better days.  

There are many signs that a neighborhood is in decline. Examine your community to determine if this could possibly be one of the reasons why your home isn’t selling.  Here are a few signs to look out for: local businesses going out of business, schools deteriorating, major traffic jams or a majority of distressed properties, i.e. foreclosures or short sales.  What can you do to get your home sold if your neighborhood is in decline?  Work with your real estate agent to set the price of your home based on the neighborhood’s current market value.  Even if your neighborhood is declining, if the price is right, it will sell–to someone.

Reason #2:  Your home is located in an area of Charlotte that is experiencing high unemployment.

When businesses close or down-size, this impacts more than those who have lost their jobs; it effects the value of the homes in the area as well.  High unemployment also makes it difficult to attract buyers to the area because if people are considering a move, they certainly want to live in an area where there are more employment opportunities.

Reason #3:  Your idea of what your home is worth is unrealistic.

Regardless of what you might think, a real estate agent is not going to price your Charlotte home at bottom dollar just to get a sale.  This type of strategy doesn’t help anyone including your agent.   Do your homework on what comparable homes in your neighborhood are selling for, and listen to your agent’s pricing advice – you’re paying for his or her expertise, whether or not you agree with it.  The market data doesn’t lie!

Reason #4:  We are in a recession and banks are not as willing to lend.

Banks have much tighter lending requirements and people have less money to spend.  That means buyers must have higher credit scores and larger down payments to qualify for a home loan these days.

Bear in mind that in the current market, homes simply take longer to sell.  So, before you decide to replace your agent, be fair in assessing their job performance. And, don’t blame your real estate agent for things beyond his or her control.

Thinking of selling your Charlotte home?  I’d be happy to do a free comparative analysis of the current value of your home. Give me a call today at (704) 491-3310 or send me an email to Broker@TheCharlotteScoop.com.  I’m happy to help!

Originally posted at www.iCharlotteRealEstate.com

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When looking for a Realtor© in the Poconos that will listen, assist and guide you without "pushing" you, contact Bobbie Smith. I would love to help.

 

Bobbie Smith, CRS

(Certified Residenial Specialist-CRS)

570-242-1891 Cell Best (Call or Text)

570-421-2345 Office 

RS#274017 

Email me now: bobbiej51@hotmail.com    

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All pictures, text, etc. stated within is the exclusive property of Bobbie Smith and cannot be copied or duplicated without written consent from Bobbie Smith.  All statistics and data contained herein are obtained from reliable sources and are deemed reliable however each individual should always do their own research on each topic and derive their own conclusions. Any statements of opinion are just that, the opinions of Bobbie Smith. *Realtor is a registered trademark of NAR*

Comment balloon 1 commentBobbie Smith • November 07 2011 01:00PM

Comments

Good points, indeed...no "general" description, these days, market-wise.

Posted by Li Read, Caring expertise...knowledge for you! (Sea to Sky Premier Properties (Salt Spring)) over 6 years ago

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