Wednesday, April 21, 2010

Agents bring Buyers to look....Now what?

QuestionI've had buyers come look at my house but I don't know what they thought?
Answer:  Your Realtor contacts Buyers agents by either email or phone and tries to get feedback. However many times the Buyers Agent just won't respond.

Question:  How do I know if my Realtor is trying to get feedback for me?
Answer:  The best way is to ask them to use one of the many email based feedback sites and that way you will get a copy of the correspondense.

Question:  Why wouldn't a Buyers Agent respond?
Answer:  Most of the time a Buyer's reason for not liking the house  isn't something that can be fixed. For example maybe the Buyer just likes kitchens where the sink is on the left side of the room. It may seem silly but we all have little things we like and don't like.  However you are correct that the Buyers Agent should be professional enough to respond.

Question: My house has been on the market for some time and although we are getting showings there have been no offers. Why?
Answer:  In today's market Buyers are looking at many many houses and they have no sense of urgency. With the uncertainty regarding jobs, the economy, etc the general public is very cautious about buying anything. The one thing we do know is that there are houses bought and sold every day and sellers just have to be patient. 

Question: After my house has been on the market for an extended time should I consider changing Realtors?
Answer:  Go over the marketing plan you and your Realtor agreed to when the house was listed. Discuss if there is anything else that can be done to refresh the marketing. Then you have to have confidence that your Realtor is doing all that can be done in this market.  

Under current market conditions it is very tough on both Buyers and Sellers. Buyers are wondering if they are getting the best deal. Will the price go lower next month? Will I still have a job next month?  Sellers are wondering if their houses will ever sell. How long will it be a price based market? Would another Realtor do a better job?

No matter whether you are a Buyer or Seller be comfortable with the Realtor you hire. It's tough out there and a good Realtor can help ease the process and calm the fears.

Good Luck and help the economy by buying or selling a house today!