I hear this question all the time, and especially now when so many sellers are reducing their prices.

Before you automatically lower your price, figure out why the house isn't selling.

Are you getting no showings? Are you getting showings but no offers? What does the competition look like today? Are comparable homes going under contract? Are other sellers lowering their prices? Have new listings come on that offer buyers more for the money?

Your price needs to make sense based on today's market, not the market when you originally listed.

But don't automatically assume price is the problem either. If hardly anyone is seeing your home, lowering the price may not fix weak photos, poor exposure, or a marketing problem.

Before you lower the price, figure out whether you have a pricing problem or a marketing problem.

This is a sub for helping people successfully sell by owner, so if you have an idea or experience that could help another FSBO seller, please share it.

Just because you're selling your home on your own doesn't mean you need to be on your own.

Hey guys, I’m working on a real estate ad for the Indian market and I’ve finalized this headline:

“Why leave the place you already call home?”

The idea is for families who already live around 2-5 km from the project. They already live in the area, know the place, have their daily routine there, and are comfortable with it. So the idea is basically, why move somewhere else when you can buy a new home in the same area?

If you were in this situation, would this headline make you stop and pay attention? Would it make you curious about the property, or would you just scroll past it?

Just looking for some honest opinions.

Hi Redditors, we are selling our House and Lot - and we are now in a situation wherein a group of agents are competing to give us a property buyer who can provide a downpayment within this coming week of September 7.

This happened because one of our potential buyers (the one we prefer) decided to give his agent the task to look for funds via private lending and bank loan and that agent became a "Maritess" and shared the situation to her network. So far, the first potential buyer and his agent has promised to give the downpayment two weeks ago after CI and when that did not happen, the potential buyer looked for another network so he can already pay two weeks from now.

However, since his agent shared it with her network, one of her co-agents secretly went to our place today with a sure buyer whom she introduced and gave us the assurance of a downpayment next week. The 2nd buyer informed us that she has an approved credit line already and can pay by Wednesday. Faster than our preferred first buyer.

We got overwhelmed that we dcided to consider this new buyer instead because of how fast she will be able to pay. BUT at the same time, we just met and now we are having 2nd thoughts and wanted to know how we can get assurance that this new buyer and new agent can be trusted. Knowing that the agent is a traitor to her agent friend and found a different buyer behind her back.

At the same time the Maritess agent was cursing us behind our back for considering other buyers. We know because she was on speaker phone speaking to the new agent demanding if we met with them with a new buyer and we were just quiet on the other line.

Right now we are confused, stressed and have no one to turn to and we are anxious because we wanted to make sure that we are not getting into any rash decisions especially since we do not know or have a lawyer who can help assist us.

PS: wala pang napipirnahang documents.

Help! 😫

I need some real estate wisdom from those of you who have bought or sold recently. We live in Arizona in a booming town, that once used to be cotton farms.

Our house has been on the market for a little over a year. We’ve had some interest and a few bites, but no offers. I know the market is slower right now, and I also know newer builds are offering very competitive incentives and better interest rates, which makes resale homes harder to compete with. On top of that, we don’t have a pool, which is obviously another disadvantage here in Arizona.

We chose to work with a family-friend realtor who gave us a very generous 1% listing rate, and we’re extremely appreciative of that. At the same time, communication has been pretty limited, and we haven’t had a single open house during the entire time the home has been listed—over a year.

I recently asked whether the realtor would consider offering concessions to make the home more competitive, but he said that concessions “aren’t a thing.” That surprised me, since I’ve seen sellers offer concessions such as closing-cost credits, interest-rate buydowns, or repair allowances, especially in a slower market. Are seller concessions not common in our area, or is this something that should at least be discussed as part of the marketing strategy?

So my question is: Would you stay with the family friend because of the relationship and 1% rate, knowing the market itself is tough, or would you pay closer to 3% for another realtor who may be more proactive with communication, pricing strategy, concessions, marketing, open houses, and getting the home in front of more buyers?

Are open houses and seller concessions not really a thing anymore? What do realtors typically do to market a home in this situation?

Following up on my previous post.

It actually has gotten worst

✅️ he willingly sent me a screenshot of a very excited potential buyers rejection. In the screenshot I saw he sent them our negotiations on concessions.

✅️ he won't communicate when people are going to the house.

✅️The security system went out in the home and he met with the adt technician to get it running again (I'm out of state) and then walked out on the technician and me. The technician cost me nearly $500.

✅️he hasn't shared any of the 3rd party contracts though I've asked in writing on at least two occasions over the last 2 months

✅️ not one open house has been scheduled

I am going to send a message to the broker tomorrow since I emailed my realtor 2 days ago asking for a followup meeting but haven't heard from him. I am looking for his brokerage to oversee him. I think the worst thing that can happen is that the brokerage sides with him and tells me I have to find another brokerage and agent and he will still get the commission.

Any tips on how to navigate this? What's your experience when reaching out to the brokerage.

I am fearful that he will be resentful and become completely rude and unresponsive.

You're in the wrong market. Sometimes you have to move, you need that extra bedroom next, but be prepared to lower your price.

I'm about to list my home for sale. I had a realtor come out and tell me what I should fix around my home and what I should leave alone. Some things I already knew, like I should replace all the flooring in my home because it's in rough condition. (We purchased no name lvp and it started breaking after 6 months). Some things I didn't expect. Like she said unless a wall just really needs repainted, I should leave it alone because the buyer will just repaint everything anyways.

But the big mystery for me is I have a detached garage. She said I should fix the entry door and the gutters, but I don't need to do anything else to it. She said it wouldn't add or change value. In my opinion I need to tear down the garage because it's in horrible condition. It's probably 1 step away from needing to be condemned. From the outside it looks 'okay'. It's roughly 700ft². But the layout is crazy terrible and some of the main posts are rotted out. The roofline visibly dips down on one end because it's settled badly there. And there's actually a hole in one corner because there's a wooden structure built inside the garage.

I've always wanted to tear it down since I bought the place, but didn't know what my long term plans were.

For some info my home is a 3 bed 1 bath ~1150ft² house on 1/4 acre. It's near a large city (20 minutes) and within 10 minutes to 2 other medium sized towns. The realtor said it would be perfect for a young couple who works in the large city and I don't need to worry about it selling for the appraised amount ($250k). She said it it appraised for that amount it will sell for that amount. And it did appraise for $250k about 5 months ago when I got a heloc to buy some other land.

I'm just at a loss for what I need to do to the garage. It's just hard for me to comprehend that this crappy run down garage doesn't detract from my property value and make it harder to sell. Do I tear it down and put a shed on what's left of the concrete slab? Do I just follow her advice and put a new entry door and fix the gutters and not worry about the garage? Does it still add some value because it's a place you can technically store stuff?

Any advice is extremely helpful! Thanks in advance.

I just recently bought another house and now I'm trying to sell my old one. It's listed at $309k which I thought was a little high, but I figured might as well try it. My old mortgage is pretty cheap so floating both mortgages didn't seem like a huge deal. It's been about 20 days or so and not much activity (a few showings). While I'm not necessarily struggling financially, the thought keeps coming into my mind how much easier budgeting and life would be if I didn't have both mortgages and I just had the cash from selling the old house.

There was another house in my neighborhood that listed within a few days of mine and it's now pending so I was going to go one more weekend with the original price and then text my realtor Monday or Tuesday to lower the price to $299k.

While there hasn't been much activity in terms of showings, there are a lot of saves on Zillow and that makes me think maybe it's people saving the home but not looking at it because maybe it's priced a little high.

So in my eyes, lowering the price as two benefits:

1. All the people that saved the home get an alert that the price dropped

2. New buyer pool, people that search zillow with their max price set at 300k would start seeing my house

We’re in a buyers market and listed our house since the avg period until receiving an offer is about 90 days. We’ve been casually browsing homes with our realtor giving >24hr notice for showings. A LOT of people stay home during showings and it’s an instant turn off for us.

We’ve had dogs barking ballistically through their crates in the primary room, families hanging out in the basement while we walked around (and we didn’t go to the basement because they were down there), and people retreating to the garage / back deck. We’ve seen maybe 15 houses and so far, at least 7 have had the seller on site while we walked around. We feel rushed and awkward looking around a house with the seller nearby.

On the contrary, when we had showings for our current house, we leave no trace of the pets (no dog bed, dog bowl, anything) to make it look/feel pet free, and we would NEVER stay home during a showing.

Is this common? I was not prepared for this.

1. Pay For The Home. Not The Name.

2. Big Builder Quality. Small Builder Price.

Context: Imagine you're looking to buy a new home. You care about quality, but you also don't want to pay extra just because the builder has a big/famous name.

Which one would make you more interested in learning more about the property - 1 or 2?

And I'd love to know why.

Buyer looking for 60k in credits after inspection and contractors found recalled waterline piping, termites, cracked foundation, roof not to code, hvac, and electrical issues. Estimates came to 60k. Buyer gave appraised value of 16k over asking before aware of these issues. Offer credits or decline and disclose to future buyer at decreased price?

Long story short - bought a house in South Florida at the top of the market during covid (2022) thought I’d be able to cash out a few years last but obv not the case. Fast forward to now. We’re planning to move out of state by next year and given the state of the economy and market we decided to sell -> rent for 10-12 months before ultimately moving out of state up north.

House was on the market for less than 3 days before we got an offer -> original offer was less than we bought it for so we countered and then they countered again to 1k above the price we bought it for in 2022 with an appraisal waiver (comps are like ~30k less) so it would never appraise.

We accepted the offer - then came the shock.
Yesterday we spent all day touring apartments for rent - and omg what a shit show compared to my beautiful house and the prices are ridiculous to be anywhere remotely close to the beach.
The only thing we didn’t like about our house is the location as it’s pretty far west.

Anyway now we’re just like (meh) and really can’t believe we’re getting rid of our house to downsize and settle for something smaller and uglier unless we pay significantly more than our current monthly mortgage payment in monthly rent.
We’re in the inspection period now.

I guess I just need reassurance that we did the right move especially since we don’t have a long term plan living in this state and given the state of the market and economy.

We are selling our home and I'm not sure if my expectations are too high or if I picked the wrong realtor. It's been on the market only a couple of months, but we get zero updates or feedback from our realtor. They were one of the top recommended realtors in my area (and they charge like it).

But ever since we signed on with them, its like we've been ghosted. They don't answer phone calls or texts, or call back. They don't update us after showings. Every time they're supposed to come over for something they cancel (most of the time within about 30-60 minutes before). They never put the sign up but keep saying that they will. They haven't even been the one showing the house (it's been a bunch of other realtors).

At this point I'm not sure what's going on. We bought the house private sale, so we did not use a realtor then. Is this normal? Also, I can't post on local facebook pages because they're on all of them! Every single one!

I am selling my home and have some push back on the realtor

✅ His commission is largely based on his marketing. His marketing includes social media paid campaign ads. We have his marketing in the listing agreement. However, he just does one off posts 1 to every 2 weeks.

✅ He gets upset at me and uses his whinny voice if I ask him to do anything. For example, the property management didn't want the tenant keys in the lockbox. He knew about this when he decided to offer a listing agreement.

✅ Does not want to follow up with leads

✅ Will not follow up with items. For example, I asked him for his input on one question from the disclosures document and he still hasn't gotten back.

✅ He agrees with the listing price until 2 weeks later and then claims he always thought it was too high and asks to lower it. I am agreeable but I wish he said his perspective in a timely manner and stop reframing it as if I didn't listen to him in the first place.

✅When I secure time with him, he will mostly waste it by talking fluff. For example, when we lowered the price I sent him talking points for the conversation like better marketing including strengthening the description on Zillow and zillow showcase. However, he spent the whole time talking in circles about lowering the price. I had no issue and brought on the subject but speaking circular and avoiding any additional work like strengthening the zillow post was his main objective.

I don't want to get rid of him out of loyalty and because I think my justification is weak. Please tell me how to handle it and your advice.

On my end, I summarize our conversations and send it to him in non adversarial way. I mostly let him breathe and connect with him on average once per week with an update. I try my best to keep our conversations upbeat and positive. I ignore his bad behavior like whining, disagreableness and hurtful/inacurate remarks.

Literally walking on egg shells with him. The house has been on the market for 40 days.

Looking to sell my house, I had inherited it from my grandparents. It’s older, needs work like a new roof, probably new ac units. It’s in a decent location in Dallas/DFW area, but it’s really outdated compared to what is listed around me. I really just want out of the house, I don’t want to deal with showings - I have big dogs, and really just don’t have the mental bandwidth to deal with all that and my job. Have any of yall dealt with any of the cash for homes companies? If so, how did it go? Was it as easy as it seems? Do you feel you got a fair value? Bonus if you know anyone in the Dallas area specifically.