I have a piece of commercial real estate that has been listed with 3 different reality company over a period of 3 years. All have failed to produce a lookers let alone a buyer. My location is an off the beaten path western montana, ranching/ tourist community with an in town population of under a1000 people.
We have 60-90 days before the bank (an SBA loan) can call the note.
Should we yet again change realtor's or should we lower the already rock bottom price, save the commission, lower the price again and give it a whirl our selfs?Real Estate Agent virses For Sale By Owner?
Let me ask you this question... if 3 real eatate agents can't sell your property in a buyers market, what do you have that they didn't?
If you have extensive marketing background and you have money to back it, you may do a better job. I would instead combine the two.
You may have to broaden your range to find a real estate firm that will buy your property if you can't sell it, and have them negotiate with the bank.
Then I would market the property in creative ways.
1. Have a barbeque for your town as an open house.
2. Do a massive mail marketing campain tageting neighoring towns and investors.
3. Do a massive internet campaign and hire a company to put you on a few search engines as the top 5 in more then 4 search categories.
4. Make a websight for your property that shows the beauty of Montana and feature your building as an oppertunity.Real Estate Agent virses For Sale By Owner?
This same question was asked a few days back.
Try http://blogs.rediff.com/scripts/blog_vie鈥?/a>
Hi I am a real estate agent and here is what buyers are doing right now.
If they look at fsbo houses they already know your not paying for a real estate agent so they, right off the bat, take off the commission from your asking price.
Some sellers are wise to this so what they do is raise the price thinking that the buyer will come in and offer less the realty fee but what happens is no buyers look at it then as when they see the inflated price they don't even have interest in the property and won't look at it.
What you need to do first is find out in reality what buyers would pay for your house. There are 3 different opinions on value but only 1 puts money in your pocket.
The 3 opinions are...
1. What the seller wants to sell it at
2. What the buyer wants to buy it at
3. What buyers are actually paying today in the market place
The only opinion and fact that matters in reality is #3
Find out what buyers are paying for places like yours by going to the web site below. When there click on PROPERTY RESEARCH and you'll know online on the screen. You won't have to wait for someone to email you it shows right on the screen along with addresses of the sold properties similiar to yours. Go to site below its 100% free
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