“Homesellers sleeping in the past are missing their plane.”
While this infografic is on the fun side, competition between sellers to get customers is fierce. Still, a few sellers are dreaming on getting the same prices as 3-4 years ago and risk having their properties sitting on the market for a long, long time.
Good news for them is that properties can sell, as long as the sellers are willing to put in some work on their part:
The first step is to lower the price if their house has been on the market for many months with no offers.
Then make a thorough search to find any cosmetic defects that you missed and can be repaired.
Get the exposure your home deserves through open houses, advertising, good signage and a listing on the multiple listing service (MLS).
Another option could be to pull the home off the market and wait for the market to improve. Have in mind that hat may take a longer time.
So sellers, It’s time to wake up and smell the Buyer’s market.
This article is based upon legal opinions, current practices and my personal experiences. I recommend that each potential buyer or seller of real estate conduct his own due diligence and review.
Harriet Cochran Murray, Director of Cochran Real Estate, is a seasoned Real
Estate professional both here in Puerto Vallarta, Mexico and in the United
States. Harriet has served in many capacities as a board member for the
local Real Estate Association AMPI (AMPI is the national association of real
estate professionals). She is also a member of FIABCI and NAR in the United
States. Harriet’s expertise and experience in the Real Estate and
especially in the Mexican market makes her Viewpoint blog articles both
informational and intriguing. Harriet is a Buyer’s Agent who specializes in
getting the best deal on the right property for her clients. Visit her