Should we swap Real Estate Agents

Hi Jackie, I used to work as a real estate agent for three years in Melbourne, but once I got married I chose to spend more time with my wife rather than vendors and buyers.  My opinion is based on my experience and to help you with honest advice.  The property market is slow, very slow in fact, what area are you selling in?  Like anything in life from every situation there can be a positive or negative effect.  Swapping agents:  Positive response: New agent may have new fresh ideas, better pricing strategy, better marketing tools “etc”Or Negative response: Same response as the other agent “all talk but no action” Rather than just jumping the gun into choosing another agent how about you ring three other agents in the area and get them to do the following: 1)      Valuation on the property: When they give you a price range ask how did they come up with this range, also ask for evidence. 2)      What marketing tools can they  offer that are different from other agents (you will find most agents use the same tools)  but there are a hand full of agents who are a bit more proactive.3)      Also ask them should you sell one home at a time or two? ( How do buyers look at this?) Also Before you even call the agents to see your home go to some of there opens and see how do they do business?Example: do they arrive at the open early / late or neverAre they good with people “Etc” But the other questions I have for you is this, do you think the house you have listed is realistically price? Because no interest = to one thing only price or the way its been advertised by the agent. PS i hate how agents don’t list the price of the home on the internet and they say contact agent for price, So i always suggest listing the home with a price!!! If you need anything let me know  

Hi, I work as a Real Estate Agent and my advice to you would be that unless the agent has failed to market the property properly or the property has issues eg structural or termites, then the only reason a property fails to attract buyers is quite simply the price.

I don’t know what price you are advertising at but for example if it were a house and you are asking $500,000 and no interest, do you think if you asked $400,000 you would have interest? Most probable answer would be Yes. Therefore buyers are saying at $500,000 it is too expensive but at $400,000 it is good value. You therefore need to adjust your asking price until people start to bite,then you will know where the buyers are judging the value of your home to be. In real estate sales you will experience one of three things:
1. No inspections and no offers
2 Inspections and no offers
3. Inspections and offers

If you are in outcome 1 or 2 then you need to adjust your price
If you are in outcome 3 then you are in the right price bracket.

Most people like to blame the agent but in reality most of the time it is quite simply “the price is too high”
Hope that helps

Hi,

I am an ex agent and i can agree with Judy in regards to price, but Judy some times agent give un realistic prices to the vendor just to get their business.  So its a case by case scenrior.

You say that houses are selling for 300K? But are they units like yours?

In my opion take the properties off the market for at least one month and try sell one property at a time rather then the two,
use this as a selling point to the agent. Tell the agent that if you sell one of my houses i will then give you the oppurtunity to sell the other, make the agent work for the bussiness.

Hi Jackie

Working in the industry, I see time and time again the value and importance of quality marketing and the effect it has on the outcome and results for the client whether its sale or rentals.

There is nothing wrong with being old school, however he has had his chance over three months and not produced anything and being rude is unproffessional and unacceptable.   I would use the opportunity to try some fresh, enthusiastic blood!  you have nothing to lose!

Good luck!