Buying or Selling a Home/home real estate listing

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Expert: - 6/2/2010


Question
Hi,

I've had my home for sale on the market for over a year and I'm taking it off the market for about six months, then putting it back on early 2011.

I'd rather ask you this question than my Realtor: I think it's best to put it back on the market early next year under an entirely new listing. How much does this cost, generally, to create a new listing, rather than put the old listing back into play after having the home off the market for 6 months?

Would my Realtor be justified in not opting to create a new listing?

Perhaps new photos should be taken too, with new angles.

Any other suggestions, besides some more favorable staging?

I don't want to dump my existing Realtor because he's reasonable (although not always prompt in returning my e-mails), but maybe I'd sell it faster by going with a new Realtor after taking it off the market for 6 months.

Your thoughts?
Thanks,
Roger

Answer
Good question, Keep in mind, you might have the best agent in your area, sometimes it is not the agent, it is the times;  The listing should not cost you anything? Listing a home with a REALTOR is part of the sales commission. Now is the time to have your home on the market, NOW. If it is not selling, look at these factors, location, price and condition, 1 of these are responsible for homes not selling. most times it is PRICE... As for your REALTOR,I can not understand not be available or getting back ASAP, REMEMBER YOU ARE THE CUSTOMER... Home on the market for over a year, I would be concerned.

New photos are always great. Agents are replaced all the time, sometimes it is good for you as a customer, keep in mind you may/will loose the friendship of current agent.

I am not a fan of staging, I would consider cleaning out and cleaning up, keep in mind I am from the old school, new agents, all they want to do is stage.

My suggestion and personal opinion;

Make sure you have no obligation to anybody, ie listing has expired. Interview several EXPERIENCED VETERAN REALTORS. Look at price, SERIOUSELY.Consider all options, ie bonus, closing cost, allowances, make your home attractive to a buyer, offer new appliances, and then again look at price vs the competition. flyers and open houses, are a waste of time.

In interviewing agents, interview a veteran agent from a small firm with experience, as well as agent from large firm in your area.

Good luck.

Marvin G. Bobbitt, III
PROFESSIONAL REALTOR  

Buying or Selling a Home

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Marvin G. Bobbitt, III

Expertise

Can answer questions about Real Estate in North Carolina. Professional Real Estate Broker,REALTOR Residential Real Estate,Professional Advising,Commercial Real Estate, Estates, Issues regarding real estate and the County Tax system,Bank owned properties, REO/Foreclosures and Investment properties,New homes & re-sale home sales,Management of Investment properties,1031 tax deferred exchanges, Profit enhancement within investments,Investment property advisor,North Carolina agency and required forms and disclosure.

Experience

Have 20+ years Professional experience.Experianced in property estates and real estate transactions primarly in the Durham,RTP,North Carolina area.Residential Real Estate, Professional Advising,Commercial Real Estate, Estates, My experience covers a vast range of real estate services.Due to my personal training by Frank Ward for over 20+ years everyday.In residential,commercial,sales and leases, I have had the opportunity to work and learn with some of the best in the business. Estates have become a specialty to me, including the personal property side of things and how to handle things and what to do with what you got.Hire me and forget about it..

Organizations
Active Member of the Durham Association of REALTORS. Past BOD for Durham Regional Association of REALTORS. Active Member of North Carolina Association of REALTORS. Active Member of the National Association of REALTORS. Active Member of Triangle Multiple Listing Service. Past member Durham Jaycees, Durham Sales and Marketing and Durham Rotary Club.

Publications
Durham Herald

Education/Credentials
Graduate; Durham Public Schools Graduate; North Carolina Central University. Appointed; Real Property sale Commissioner/ Durham County N.C Clerk Of Superior Court 2010, Honorable Archie L.Smith, III, Durham County NC. Completion of the following North Carolina Real Estate Courses. North Carolina Real Estate School Fundamentals. North Carolina Real Estate Broker Classes. Completes Continuing Education classes annually as directed by the State of North Carolina Real Estate Commission. Completion of the following North Carolina Appraisal Courses. R-1 Real Estate Appraisal. R-2 Valuation & Principles & Procedures. R-3 Applied Residential Property Valuation. G-1 Income Property Appraisal & Valuation. Completion of Notary Public Classes for the State Of North Carolina. Active Notary Public for Durham City/County, North Carolina. Active until; 06/16/2015

Awards and Honors
20+ YEARS EVERYDAY PERSONAL TRAINING BY;FRANK WARD. Appointed; Real Property sale Commissioner/ Durham County N.C Clerk Of Superior Court 2010, Honorable Archie L.Smith, III, Durham County NC.

Past/Present Clients
Given upon request

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