Real estate career » price reduction http://www.floorcalls.com Would you like your real estate career to be better than the average agent? Tue, 31 Jan 2012 00:19:36 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Copyright © Real estate career 2011 greg@floorcalls.com (Real estate career) greg@floorcalls.com (Real estate career) http://www.floorcalls.com/wp-content/plugins/podpress/images/powered_by_podpress.jpg Real estate career http://www.floorcalls.com 144 144 Would you like your real estate career to be better than the average agent? Real estate career Real estate career greg@floorcalls.com no no If you do not ask the seller to reduce the price you are creating an expired listing http://www.floorcalls.com/ask-seller-reduce-price/ http://www.floorcalls.com/ask-seller-reduce-price/#comments Mon, 12 Oct 2009 00:39:33 +0000 admin http://www.floorcalls.com/?p=216 How are expired listings created?  An expired listing is a home or real estate that does not sell during the listing contract period.  If you do not ask the seller to reduce the price you are creating an expired listing.  There is a very good chance that the next agent who calls your former seller once the house expires will not only ask for a reduction but will likely make it clear that your failure to ask for a price reduction is why the home has not sold.

The market is competitive right now and your seller is relying on you to provide them with information they need to make informed decisions that will lead to a sale.

]]> http://www.floorcalls.com/ask-seller-reduce-price/feed/ 0 Ask for the price reduction immediately if the home is not selling http://www.floorcalls.com/ask-for-the-price-reduction-immediately-if-the-home-is-not-selling/ http://www.floorcalls.com/ask-for-the-price-reduction-immediately-if-the-home-is-not-selling/#comments Sun, 02 Nov 2008 22:04:57 +0000 admin http://www.floorcalls.com/?p=19 If you have a listing that is not selling and you have already spent more time on the market than the average days on the market for your area indicate, you need to contact your seller immediately about lowering the price.

Why real estate agents wait so long to begin discussions with their sellers about lowering the price is a mystery. At the beginning of the listing an agent should have already discussed the plan B if an offer is not forthcoming, plan B being the price reduction.

Agents who fail to address pricing with their sellers early and often will no doubt be missing out on a sale. Once the listing expires, you can bet that the next Realtor is calling the seller explaining that the market has changed and if the seller really wants to sell, they will need to lower their price.

I will often ask my agents to research the MLS to find out what happen to that unsalable listing they previously held that expired. Often they find that the listing in fact were salable, it just took a lower price that the second or third Realtor was able to obtain to get the job done.

Stop missing out on an opportunity to earn more commissions, LOWER THAT PRICE.

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