Why Hasn’t My House Sold?

Filed under: Denver, Selling — Jay at 9:37 pm on Saturday, March 4, 2006

There are 2 Reasons your home has not sold, do you know why? We Do.

Your property has been on the market for months and has now expired, not sold. You are not alone. Only 60% of the homes that go on the market sell during the initial listing time. The two most likely reasons your home did not sell are Price and Exposure.

If your home is incorrectly priced for its value, location, and the current market environment, then you could wait months for an offer. But pricing a home properly takes a knowledgeable expert - someone who knows the market and understands how to perform a Comparative Market Evaluation. This comparison of other properties in your area that have recently sold is critical when pricing your own home.

However, you’ll also want to find out the total inventory of homes similar to yours and how long they remain on the market. A good REALTOR® can help you with this important information.

The second reason homes don’t sell - exposure - is usually the result of an agent not working hard enough on your behalf. At any given time, there are typically far more homes available than there are qualified buyers. If you want to sell your home quickly, and at a respectable price, you need a qualified and experienced agent to get the job done.

Ask Yourself:
- Can I afford to continue doing the same thing?
- Do I need a new approach to sell my house?
- Is my agent going to do anything differently this time?
- Do I need a new approach to sell my house?
- Can I afford to continue making mortgage payments?
- Can I afford not to make a change?

If you don’t like your answers to these or other questions, call a real estate team that can give you answers your looking for. You need agents with the most aggressive marketing strategies. Call Jay for a fresh approach. 303-475-1500

Not The Best Investment

Filed under: Denver, FSBO, Selling — Jay at 9:18 pm on Saturday, March 4, 2006

Some homeowners try to sell their own home, believing that they are as capable as a real estate agent of handling a property transaction. But according to statistics, only 8 to 10 percent of “FSBO” transactions actually close, and many end up in litigation.

If you choose to buy a home with a realtor’s help, you substantially reduce your risk. Buying real estate involves more legal and financial repercussions than most people realize. Realtors are licensed and highly regulated professionals who are equipped to deal with the complex issues that arise. For example, if the FSBO seller holds your earnest money deposit, how will you as the buyer go about getting it back if the deal does not close? What will you do if the seller refuses to correct defects in the home or treat a termite infestation? Who pays for re-wiring the house if the electrical system does not meet current codes? What if there are liens against the property?

As a buyer, you have rights written into the sales contract. An experienced agent knows how to protect those rights while negotiating the best price and terms on your behalf.

Are you Curious?

Filed under: Denver — Jay Hicks at 9:15 pm on Saturday, March 4, 2006

Perhaps you have no plans to buy or sell a home right now, but you are curious about your possibilities. Real estate professionals can answer any questions you may have about the complexities of a real estate transaction. We can provide you with information to help you make a decision.

We will discuss the local real estate market with you and help you determine whether it is a good time for you to buy or sell. If you are a first-time buyer, you may have questions about legal descriptions, fair housing laws or sources of financing. You may be curious about how sales prices are set.

A real estate agent’s job is diverse, and the best agents are excellent sources of information. Each day I am actively involved with mortgage lenders, attorneys, surveyors and taxing authorities, with whom I discuss the latest developments in our ever-changing marketplace. Finding the right real estate agent is like finding the right physician. The help of a professional can help satisfy your curiosity. Call me with your real estate questions.

Call key2denverhomes from your phone!

 

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