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Robert Vegas Bob Swetz

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Rainmaker
1,772,017
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

I would hang with it for a little while and then you have to make the decision on if it is worth it or not.

Aug 03, 2016 01:14 PM
Rainmaker
1,713,581
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Let it go.

Aug 03, 2016 12:18 PM
Rainmaker
2,231,519
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

You are FIRED...

Aug 03, 2016 10:33 PM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Robert Vegas Bob Swetz This is a listing destined to expire. Walk!

Aug 03, 2016 10:14 PM
Rainmaker
1,875,168
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

If they've had showings ask they why 'xx' people didn't put in an offer?

If you've had zero showings ask them why no one wants to see the house as others have plenty of activity? 

Finding that 'one idiot' that will buy an overpriced house has smaller odds with winning the lotto.

In other words, the buyers are saying NO to your price.

Aug 03, 2016 09:44 PM
Rainmaker
3,417,456
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I furnish a new set of comps and then invite them to actually see some comps. 

Aug 03, 2016 09:42 PM
Rainmaker
5,389,372
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

If that is really what is holding up the sale, I "fire" those clients.

Aug 03, 2016 09:16 PM
Rainmaker
8,237,445
Roy Kelley
Retired - Gaithersburg, MD

Don't spend your marketing money on this property.

Aug 03, 2016 08:43 PM
Rainmaker
637,764
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

I just let one expire.  I don't like to throw advertising and other effort into it, and then it looks like it's my fault for not doing enough to sell it.

Aug 03, 2016 04:58 PM
Ambassador
3,223,607
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

if they won't agree after a cma it's you're fired

Aug 03, 2016 01:42 PM
Ambassador
5,202,580
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I would keep them informed about the facts of the market and what IS selling. But at some point it will be time to part ways since I cannot help them

Aug 03, 2016 01:41 PM
Rainmaker
4,273,331
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I show them the difference between showing and time on market Robert Vegas Bob Swetz 

Aug 03, 2016 01:38 PM
Rainmaker
2,443,346
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

The problem is not always the price, sometimes it is the presentation.  How does it look and feel for the price assigned?

Aug 03, 2016 12:32 PM
Rainmaker
2,448,781
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I explained that they are selling other listings because those listings look better than ours - and why would someone buy chopped meat at the same price as tenderloin in the market - Would they? That actually got a seller to come off their price big time

Aug 07, 2016 12:12 AM
Rainmaker
1,546,224
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'm with Ken Jones on this one.  If the seller won't listen to reason, supported by facts and the reviews of buyers, first I would evaluate how overpriced it is.  If the market will catch up to it within my listing term, I'll likely hold on to the listing and wait for the market to catch up.  If it's too far overpriced or the market is declining, then I'd "DTS" (Drop That Seller).

Aug 05, 2016 04:44 AM
Rainmaker
5,774,106
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Robert,

Start singing the Goodbye song.  It is a colossal waste of your time, when they will not budge of the price.  A

Aug 04, 2016 01:29 PM
Rainmaker
3,988,144
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I tell them straight that it isn't going to sell anytime soon and I have done all I can do. They may need to consider renting.

Aug 04, 2016 12:33 PM
Ambassador
742,369
John DL Arendsen
CREST "BACKYARD' HOMES, ON THE LEVEL General & Manufactured Home Contractor, TAG Real Estate Sales & Investments - Leucadia, CA
Crest Backyard Homes "ADU" dealer & RE Developer

Climb to the top of the highest mountain and yell to the top of your lungs.........N E X T! 

Aug 04, 2016 09:17 AM
Ambassador
2,717,918
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   The choices are either let it expire, or cancel the listing.  I have done both, depending upon the listing.

Aug 04, 2016 09:16 AM
Rainmaker
1,758,937
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Sounds like they are not motivated enough to make a deal happen. Cut 'em loose and stop wasting your time.

Aug 04, 2016 08:16 AM
Ambassador
6,766,565
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Wait until it expires and maybe they will see the light.

 

Aug 04, 2016 02:01 AM
Ambassador
3,447,516
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I do exactly what Ken Jones does.  Cancel it. 

Aug 04, 2016 01:33 AM
Ambassador
3,764,541
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Is it the price?  Or does the place smell like kitty litter and an all-night poker game?  Or can you show it on the third Wednesday of every month when the moon is full?  You need get your seller to address all of the issues - or dump the listing.

 

Aug 04, 2016 01:12 AM
Rainmaker
4,791,716
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

It needs to be addressed sooner than later(best at the listing/signing appointment).  Different areas and different sub-categories within a market will have different expectations.    

 

 

Aug 04, 2016 12:51 AM
Rainmaker
1,014,238
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Ken Jones get's it in one!

Give the listing back

Aug 04, 2016 12:28 AM
Rainmaker
720,287
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Then  ask yourself the question: What bother trying to sell it? That's a waste of time and resources and puts no money in the business. Fire the client, and move on to profitable accounts.

Aug 03, 2016 11:58 PM
Rainmaker
2,872,471
Richard Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Battle of the wills with one holding the gold and ruling?  Customer serve!

Aug 03, 2016 11:33 PM
Rainmaker
5,585,039
Barbara Todaro
Retired...Mentoring Newbies - Franklin, MA
Previously Affiliated with The Todaro Team

you have two options:

cut them loose... or wait it out until the market catches up to the price....

Aug 03, 2016 11:30 PM
Rainmaker
1,027,657
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Honestly, I usually just tell them they need to find a new agent;  I usually phrase it as "Clearly, I am not the right agent for you as I have been unable to help you understand why the house is not selling at the price you think it will, so I think perhaps you should hire another agent."  

100% of the time they protest - NO!  You're great, you're doing a good job, etc. etc. why would you say that?"  And then we finally have a productive meeting when they realize I am willing to walk away because they will not listen to me. 

This is, of course, after I have shown them comps and market stats and taken them to see their competition...when they see their competition selling, one after the other, while their house just sits, they typically have their eyes opened. 

Aug 03, 2016 11:25 PM
Rainmaker
1,327,560
Donald Urschalitz
Lubeck Realty Group - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

A house is only worth what a buyer is willing to pay. I show them all on line activity and ask them what do your think is wrong with this picture.

Aug 03, 2016 11:24 PM
Rainmaker
5,178,617
Richard Weeks
Dallas, TX
REALTOR®, Broker

I would suggest we mutually agree to terminate the listing agreement.

Aug 03, 2016 11:18 PM
Rainmaker
5,559,208
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Time to free up their future and mine! Cancelled!

Aug 03, 2016 11:13 PM
Ambassador
1,057,161
Mimi Foster
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor

When I take a listing, part of the discussion we have is - for every ten showings we should have an offer. If we're getting lots of showings with no offers, it's overpriced.

I also explain at the beginning that the seller can want what he wants, we can use data to come up with a reasonable market value, but in the end, it's the buyer who determines the price. If they can't wrap their brain around that, then I seriously consider letting the listing expire.

Of course if you've been in business for any length of time, we all know that when the next agent takes the listing, the seller will lower the price. LOL 

Aug 03, 2016 10:38 PM
Rainmaker
682,276
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

a variety of things, sometimes they are just not ready THAT day, so review the motivation for selling and the activity of showings and general activity, if we don't have an offer after this weekend or some fixed date in the near future, get them to sign a price reduction for that date . if not motivated and cooperative,  let it go.

Aug 03, 2016 10:34 PM
Rainmaker
3,074,716
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

1. Build a price adjusment schedule into the listing agreement.

2. Don't accept overpriced listings if the owner does not agree to #1

Aug 03, 2016 10:10 PM
Rainmaker
4,434,277
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

If the seller does not call e daily asking why it is not selling I do not mind but if they call daily , I will ask to cancel the listing.

Aug 03, 2016 09:58 PM
Rainer
56,784
LeAnn Sink - Realtor Knoxville, TN
United Real Estate Solutions - Knoxville, TN
#ThinkSink when you need an agent.

I use my favorite line.... "Do you want me to just LIST it or SELL it, because right now I'm just listing it".  Gets them every time. 

Aug 03, 2016 09:49 PM
Rainmaker
936,418
Jeff Pearl
Samson Properties / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

If I listed it at a certain price it's because comps indicated it should sell near that price. I'll look for other reasons it's not selling, and monitor comps to see if similar homes are going under contract, then try to figure out why those are selling and this on is not. Sometimes I will try to take seller to see similar listings, and visit open houses of similar listings.

Aug 03, 2016 09:45 PM
Rainmaker
1,657,702
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

Well, if you believe it is time for price reduction, send him your updated CMA. If it does not work, tour with him personally through similar houses. 

Aug 03, 2016 04:01 PM
Rainmaker
4,322,295
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Robert Vegas Bob Swetz - well, this is very simple. You just communicate regularly and keep on sending SOLD homes at much lower price.

One day..... the seller will get it!

Aug 03, 2016 03:43 PM
Ambassador
2,686,327
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Bob, first review their deep motivation-what's important to them in selling the home now.

Show what you've done re: marketing.

Show the data on the market and any trends (up, down, flat).

Consult with them-Ask "what else can we do to sell the home?"

Pray!

Aug 03, 2016 02:46 PM
Rainer
321,664
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

Keep them updated and I share all feedback from other agents.  Sometimes the home owner doesn't want to hear that!  Recently had my first expired.  It's a great property - just not what buyers are looking for in that location at their asking price.  They are not very motivated either. Don't have to sell to move on.  

Aug 03, 2016 02:08 PM
Rainmaker
1,269,143
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Unless you want to get stress and ulcer you do not want to be a sucker. If it is in Vegas I walk away from these traps.

In MV, Cu most homes now take 1-2 months to get limited offer(s). Market in Silicon Valley has chilled a lot.  I walk away with same home owners. 

Aug 03, 2016 01:21 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I tell them the three things that sell a house: price, condition and location and explain that if the condtion and location is good then the price is the only thing that will bring in an offer.

Aug 03, 2016 12:19 PM
Rainmaker
5,350,560
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Show them the facts and update them daily. Can't refute facts.

Aug 03, 2016 12:18 PM