👉What to Do If Your Home Is Not Getting Showing Activity or Offers

Are you wondering why your home in Central Frisco, TX won’t sell?

 

The one question that would probably make me nervous as a REALTORⓇ is when you ask,”why is my home not selling?”.

In some cases, this is linked to either one of the 3 biggest factors that affect your listing: price, location, or condition. I’d like to dig deeper into what’s truly affecting the selling activity of the homes for sale in Central Frisco, TX  and why you are not getting the number of offers that you have foreseen. Let’s take a look at some of the issues you may be facing plus check out our comprehensive marketing plan.

 

Why aren’t you getting offers?

 

• Believe it or not, your home images may be the culprit that’s making your house look undesirable.
• Incorrect property details.
• Incorrect community information.
• Your home description may be too generic.
• Potential buyers can’t schedule a showing.
• Your home information is not linked to other sites.
• It can possibly have something to do with the commission given to the agent.
• The real estate agent has a bad image and is not that aggressive in selling.
• Not geocoded accurately.

 

The great news is these are all part of a REALTORⓇ’s job. That means I can proactively take care of posting impressive photographs, make sure that your house details are accurate, run a top-notch property description, syndicate your listing to other sites, and make sure buyers have access to schedule showings.

How to increase your home showings?

If you have the same exterior like the rest of the homes for sale in the 26subdivisions in Central Frisco, TX, it’s time to make an inventory of what you need to do to highlight your property.

If it has nothing to do with curb appeal, then these following steps may help you increase  traffic:

1. Consider using a lockbox. Say hello to the era of lockboxes. This will allow us to show your home even if you’re not around.Potential buyers can either use a gate code or call you first to obtain a code to open the box.
2. Look at your market exposure. I can help you advertise online and write a comprehensive article about your property and create a video that we can place on YouTube that will showcase your home in such a way that buyers can’t afford to not see your actual home.
3. Announce a limited time offer. Everyone’s drawn to special offers and buyers are more psyched if this offer ends soon. Offer a prepay taxes or insurance for the entire year.
4. Invest in E-Flyers. It’s easy, affordable, and we can send out e-flyers to all agents in the area and to those in the neighboring areas who can possibly bring buyers to your place.
5. Work together with other sellers and host an open house event. Make sure to share this online and publicize this everywhere you go. This is definitely something I can heighten so more potential buyers can come and see your place. Hang up streamers and serve snacks!

I have well thought-out plans to help you sell your property!

Those that you have read above are just some of the points we can consider but we can further take in consideration other factors such as the season you listed your house or if it is properly staged.

Call me, Loreena Yeo, at 214-783-2210. I’m committed to helping you become a successful home seller in Central Frisco, TX!

In case you can not view this video here, please click the link below to view 👉What to Do If Your Home Is Not Getting Showing Activity or Offers  on my YouTube channel:  https://youtu.be/f6EUZU1v-Os

🏠How to Know the Right Price for My Central Frisco TX Home

As a seller, you should be able to identify the approximate value of your property in Central Frisco, TX

Setting a price is the most important sales tool in real estate.  If your house is priced right from the start, you’re on the right path to attract the most number of buyers who can afford to pay the price your home is worth and within your own timetable.

What will happen if you price your property in Central Frisco, TX more than 5% over the market value?

• Your buyers may be intimidated and they may resist inspecting your home since they can find better values somewhere else.
• Buyers won’t even bother to look because they can’t afford it.
• The longer your house sits on the market, people in the marketplace may think something’s wrong. This is when your home can become “stale”.
• Tendency is you will be inclined to lower the price later down the road, just to be able to move the sale.

On the other hand, underpricing it would also be a substandard choice. You will lose money if you set your price below the market value but when time is of the essence, then setting a bargain price may attract more prospects.

How do you set the right price?

A licensed REALTORⓇ like myself has access to the Multiple Listing Service (MLS) where I can see all the information that we need to compare your home to similar properties in your area.

• Examine the features of your home that stand out among the listings on the market.
  

  
• Enhance the marketability of your house in order to reach the highest possible value. This is where curb appeal comes in, including making all the necessary repairs and improvements before listing it on the market.
• I can present to you a Comparative Market Analysis (CMA) when we start working where we can compare the recently sold properties in your area that are similar to yours. This will help you determine the listing price.

Your home’s market value and your personal situation should go hand in hand. Your situation will have a strong influence on how you will put a price on your home.

You also need to put mortgage into serious consideration. If you can see, through the analysis that we’ll do, that the market value won’t cover the mortgage balance, you may want to wait until the market conditions improve.

Why do you need a REALTORⓇ to sell your home?

Selling your homes means you will need time, negotiating skills and knowledge of neighborhood trends. These are some of the things I can do for you aggressively. It’s my job to keep abreast of the market changes that happen everyday.

When you’re ready to sell your home in Central Frisco, TX, please take advantage of my expertise to help you see the clearer picture of the current market conditions and price your home to sell.

I’m Loreena Yeo and you can reach me at 214-783-2210!

In case you can not view this video here, please click the link below to view 🏠How to Know the Right Price for My Central Frisco TX Home on my YouTube channel:  https://youtu.be/50pOuPTMjBE

What are common pricing mistakes to avoid?

You have probably heard of stunning homes whose prices have been reduced  many times but still won’t sell. Then there are homes that are average-looking and needed some minimal repairs, but have sold within a day or two.

People have many assumptions, and one is beautiful homes sell ahead of the competition. The truth of the matter is, it is not just how well-staged or charming a home is. It is always the price, first of all, that determines whether the selling process will be successful.

If you are a first time home seller, you may want to avoid the following mistakes.

1. Over-pricing your home. Many sellers overprice their Frisco home for sale on the assumption that the price will reduce drastically during the negotiation process, so if they start high, they will still have a high profit in the end.

This is a BIG MISTAKE! When your home is overpriced, it will not sell! Clients turn to the internet and search for the homes in their specific price range and no higher, and your home will come up in the range you listed it for.

Let’s say that your home is currently priced at $600,000. It will show up in that price range but buyers will skip it because its features and amenities do not match the other homes in that price range!

If it has fewer bedrooms and bathrooms, a smaller living space, and it has way less features compared to the other homes in that range, it will always be looked over when considering their options.

2. Using the estimates from an online home evaluator. There are so many online home evaluators to choose from, it can be tempting to just rely on the results and use that price to list your home.  

Please don’t do that. Online home evaluators are great because they’re convenient and free, but they are not accurate. You still need the help of a live agent to thoroughly assess the comparables to find the accurate market value of your home, and that is who you should use to list your Central Frisco home for sale.

3. Being emotionally attached. I get it. I know how you love your home, and all the efforts you have put in to keep it well maintained.

But the problem is, many sellers translate their personal perception of their home’s worth as the market value. This is wrong! Your home’s market value is dependent on what the comps say, not what you think or feel it should be.

4. Basing your price on the wrong comps. This is a mistake even newbie agents make.

Many home sellers think their home price should be from the active listings.

The truth is, pricing should be based more on the sold listings because its reflects how much a buyer is willing to pay for the home. Active listings show the home's assessed market value, not the final price the buyer will pay for.

When pricing your home, ask help from an expert listing agent or REALTOR®. Selling your Central Frisco home will be much easier if you do that.

In case you can not view this video here, please click the link below to view What are common pricing mistakes to avoid? on my YouTube channel: https://www.youtube.com/watch?v=LNG7SCjqkK0&feature=youtu.be

How To Sell Your Home Fast!

Ready to put your home on the market? Here's a comprehensive guide that will help you sell your Central Frisco house fast.  

We will cover the importance of pricing your home right, strategic techniques of home pricing, how to choose the best listing agent, ways to get your home show-ready, staging, upgrades to consider that will move your house, and even home appraisals.

What price should I sell my home for?

When you are ready to sell your Central Frisco home, the first thing you should consider is the price.

Your home’s price is one of the most important components to consider if you want to sell your home fast. No matter how beautiful a home is, or what kind of market your home is currently in, if the home is not priced correctly, it will not sell.

Like many home sellers, you may be worried about pricing your home. Price it too low and you’ll lose money. Price it too high and it may not sell.

How then should you price your home?

This is where a great listing agent can help you. Your agent can prepare a comparative market analysis (CMA), a report that shows an evaluation of comps in your area. Comps (or comparables) are homes similar to yours in size, square footage, price, and age, that have sold recently.

Through the CMA, you get an idea of the average price of homes sold in your area, great in helping decide the home price you will set.

You’ll also have to check out the active listings, or the competition, of the other homes being sold in your area.  There are many things included in the CMA that your agent will use to help you set your home’s price.

Do I need a listing agent?

Putting your Central Frisco home up for sale is not as easy as sticking a ‘For Sale’ sign in your front yard, especially if you want to sell  your home fast. The selling process is not easy, that's why you need to decide if you will get the help of a listing agent or sell it yourself.

Do you need a listing agent to sell your home? While you can sell your home on your own, there are many advantages to having the assistance of a real estate agent.

1. Knowledge. Real estate agents study and get a state license before they can become a professional.

That’s not saying they know everything, but they likely know more than you when it comes to dealing with the market, contracts, and negotiation. Their knowledge comes in handy.

2. Convenience. Selling your home on your own means doing everything from pricing, marketing, getting it ready, staging, to open houses, all on your own. While that may be fun, it can also be challenging and exhausting, both physically and emotionally.

A real estate agent can make things easier for you. This is what we do for a living, and we have already learned how to cope with the many challenges involved in the real estate business. With our help, you can get your home ready to sell, without causing you as much emotional distress.

3. Experience. When you want to sell your home fast, you want the assistance of someone who has done it many times.

We have been doing this for years, so when we walk in a home, we immediately know what rooms need work, something you may not see. Our experience also helps us to be objective during the negotiation process, where many sellers get personal because they are emotionally attached to the home.

4. Dealing with contracts and paperwork. Do you love paperwork? Not many people do. Not all real estate agents do for that matter, but because we have been doing it for many years, we have become more efficient in handling contracts and other paperwork.

Your real estate agent is your new best friend if you want to move your home quickly.

In case you cannot view this video here, please click the link below to view How To Sell Your Home Fast on my YouTube channel: https://www.youtube.com/watch?v=qthEfEQRLj0&feature=youtu.be