Kirk Holton Team
- Years of Experience: 35
Direct: (314) 406-6848
10936 Manchester Road
St. Louis MO
I have had my home listed for six weeks. Overall, I am happy with my realtor but she called last night to discuss a price reduction. Showings have dropped off a bit. My husband and would really only consider a 3% reduction. We talked with our realtor about this and she said it is really not worth it unless you do at least 6%. We are looking for second opinion on this issue. Any thoughts?
Top Ten Buyer Mistakes
By Vicki Holton-Kirk Holton Team
Several things that buyers do when searching for a home that can often create additional challenges…
Let’s face it….the home buying process may be new to you. It can be a bumpy road , or a smooth one, depending on how you approach it and prepare for it. Here is a list of “don’ts” for buyers put together by the Kirk Holton Team. It includes many mistakes buyers make which cause headaches, unexpected and UNPLANNED FOR costs, and negative feelings down the road as a homeowner. Above all, your first move should be to hire an excellent agent who works in the area you have targeted.
Interviewing a few qualified agents is a good idea. Read our list of dont’s… and if you see yourself here…think about it! (they are somewhat sarcastic, just for fun!)
1. charm! charm! charm!….get carried away by the decor…never mind the upkeep, size, or condition. You love it now..but the sellers possessions and decor are gone on closing day!
2. bring the 3 kids…you can chase them around the house and make a good business decision at the same time
3. Don’t talk to a lender..just call them at the last minute..after you have found the home you love ..then they can hustle for you
4. Don’t use an agent…just attend open houses and make offers..even verbal offers
5. Bring your friends and parents…they are a good sounding board… these big decisions need to be made by a committee
6. Who cares if the neighbors are sloppy ….or don’t mow the lawn, or have a car up on blocks..they seem real friendly
7. Don’t worry about crime statistics in the area
8. Don’t look into the school district
9. By all means, skip the building inspection..save some money….Uncle Bob went through and would have caught anything major
10.Forget the survey…you can see the boundary lines
The lesson…be savvy, do the research, and take the time to consult with professionals throughout the entire process. There are people who are there to be a resource for you-lenders, agents, inspectors. Utilize their expertise from start to finish!
Four Reasons to Reduce the Sale Price of your Home, and the Warning Signs that you Should!
By:Vicki Holton-Kirk Holton Team
Many sellers feel that in the present economy, a price reduction won’t make a difference. If the folks out there aren’t buying, then they aren’t buying, this is a familiar attitude. Here are some signs that a seller SHOULD reduce the price. Maybe these signs will make sense to you. If you are selling your home, and it has been on the market for awhile, please take note.
1 )You have had very few lookers:
This is a very good sign that either the price is too high, the pictures are not enticing, or the home is not a good “drive by.”
Ask your agent for her candid opinion on these issues.
2) You have had lots of lookers but no offers:
If 30 or more people have viewed the home on appointments with agents, and not made an offer, then your price is definitely too high.
3) You can’t make upgrades:
If you have run out of available cash for paint, clean up, repairs, etc., or if your home is at the same price point but not in as good shape as the other comps in your neighborhood, then buyers will expect you to make the home a bargain by reducing the price.
4) The competition has changed:
If your home has been on the market through the winter, with no offers, and new homes, similar to yours come on the market at a better price, then your price needs to be adjusted accordingly.
If any of these signs speak to your situation…maybe it’s time to think about a price reduction!
I am about to put my house on the market. I have interviewed three agents and they are all experienced and very professional. Commission is not an
issue b/c they all are offering the same commission structure. What do you think is one of the most important factors when choosing an agent/broker
to sell my home?