Why selling your home on your own generally doesn't succeed - reason #1
I am a Realtor. I sell real estate. I can certainly understand a home seller's reasons for wanting to save a commission expense. We all like to save money especially in these challenging economic times.
While commission rates are negotiable, in NW Wisconsin you are likely to pay 5-7% commission on the sale of your property. On a $200,000 home a 6% commission is $12,000. That's a chunk of change.
Selling a for sale by owner (FSBO) is not a simple task and that is why most home owners hire a Realtor to get the job done. Nationally the success rate of a FSBO is very low. More than 80% of all FSBOs end up hiring a Realtor after unsuccessfully trying to sell on their own.
There are many reasons why selling FSBO is a difficult talk to pull off.
#1 - The wrong listing price
Whether selling FSBO or with a Realtor, pricing is the first and most critical factor. If your home is not priced correctly you are not likely to sell in a challenging real estate market. More than 75% of marketing a home is about the price. Overpricing a home makes it almost impossible to sell.
Choosing the right price involves thorough research of similar properties that have recently sold in the local area and using the data to correctly set the selling price. The data may not be easy to find in more rural geographic areas.
Sometimes owners may have made recent improvements to their home, and therefore feel justified in setting a higher price. Unfortunately, most home improvement projects do not have a high return. Even improvements like replacing a roof or a septic system will not have much of a payback on the investment.
If you are thinking of selling your home, I welcome the opportunity to be interviewed.
The communities of Douglas, Bayfield, and Washburn Counties offer a quiet, relaxed place to live or to visit. Gordon, Wascott, Solon Springs, Barnes, Minong, and other area communities are resort destinations with their own distinct personalities, and all offer recreational opportunities within a stone’s throw.
Looking for a home, lake home, cabin, or hunting land in Gordon, Wascott, Solon Springs, Barnes, Minong, or other area communities? Start your search on my website www.JeanHedren.com
Tips for selling in a buyer's market, or how to help your home sell faster.
Highlight the energy-efficient and money saving features of your home.
Smaller homes vs larger homes. A 2011 study by the National Association of Home Builders showed that smaller homes sell faster then larger homes because of the smaller price tag and lower monthly costs.
Offer incentives to buyers.
Appropriate pricing. Do your homework on what homes in the community are listing and, more importantly, selling for.
Write great descriptions. Words can really make a difference.
Down payment assistance is available to first time and repeat homebuyers. Wisconsin Housing and Economic Development Authority (WHEDA) have several programs that help first-time and seasoned homebuyers with a down payment and other home buying costs.
Start your home search on my website www.JeanHedren.com. Look for the Down Payment Resource (DPR) icon on listings. Give me a call for more information and to get started on your home search in NW Wisconsin. 218-590-6634.
Here in NW Wisconsin, land of clear, deep lakes and big woods, there are many real estate bargains; properties that may be overlooked because they are located on a smaller lake, near but not lakefront, or may be an older cabin that has been lovingly maintained.
A real estate sleeper can be an exceptional bargain that has been overlooked. It’s a great property, location, good to excellent condition, and priced appropriately but simply has not sold. There is a significant inventory of homes but few buyers.
The home may have been initially overpriced and now priced appropriately, but because it’s been sitting on the market for several months buyers have moved on.
Buyers may be going after that elusive perfect up north chalet or log home on the big, deep, full recreation and fishing lake with perfect level sandy beach front, priced under $250,000, overlooking many fine properties on smaller lakes.
There are some great homes sleeping on the market simply because there’s so much inventory.
It’s still a great time to come look at properties in NW Wisconsin. If you’re sitting on the sidelines waiting for another price reduction, don’t wait. Buyers and investors are out now snapping up these sleepers. If you are watching one of the properties, now might be the perfect time to make your move. Make sure you have your pre-approval from your loan officer ready to go. Then make your move! Or someone else might beat you to it!
Sleepers available in Douglas County, Wisconsin (just 2.5 hours from the Twin Cities, 1.5 hours from Eau Claire, 45 minutes from Superior/Duluth):
 |
|
|
Connecting buyers and sellers in Northwest Wisconsin. Douglas, Washburn, Sawyer, Bayfield Counties. Gordon, Wascott, Minong, Solon Springs, Barnes, Trego, Spooner, Hayward.
I live on the Gordon/St. Croix Flowage; it’s near Gordon, Solon Springs, Wascott, Barnes, and Minong, in Douglas County, NW Wisconsin. Already familiar with the area, my husand and I finally moved here from the Twin Cities about eight years ago. We found a great neighborhood, and we have some wonderful neighbors. We love it here.
View St Croix Flowage, Gordon WI in a larger map
Since we moved here from the Twin Cities, we’ve come to know the area well. We love the outdoors, and we love to get out and explore. I keep current on local events, services, and issues that concern our community. I'm committed to serving the community. I’m currently serving as a board member of the Gordon/St. Croix Flowage Association. I also help design and produce the quarterly newsletter with current information about the Association’s activities and local water quality issues.
Northwestern Wisconsin is an area rich in beautiful lakes and rivers, and spectacular pine and hardwood forests. It's a destination for a wide variety of recreation activities including fishing, boating, cross country skiing, snowmobiling, hunting, hiking, and so much more. I know the area well. I specialize in affordable lake cabins, high-end lake homes, waterfront lots, and large tract hunting lands. From first-time homebuyers to move-up buyers, recreational property, as well as seniors looking to simplify their property needs.
View Northwest Wisconsin in a larger map
The northwest corner of NW Wisconsin includes southern Douglas County, western Bayfield County, and Washburn County. The lakes are large, clear, and deep with excellent fishing and offer an abundance of recreational activities. You'll find large lakes like Lake Nebagamon, Upper Lake St Croix, the St Croix Flowage, Whitefish Lake, Minong Flowage, and dozens of medium and smaller lakes. The friendly communities include Solon Springs, Gordon, Barnes, Wascott, Minong, Trego, Spooner, and other area communities.
Northwest Wisconsin is closer than you think. From Minneapolis/St Paul, it's about a 2.5 hour drive. From Duluth/Superior, it's a half hour to 45-minute commute.
Connecting buyers and sellers in Northwest Wisconsin. Give me a call or send me an email to discuss your real estate needs. I'll be happy to help.
Homes and cabins priced less than $300,000 in Douglas County, WI.
Homes and cabins priced less than $300,000 in Washburn County, WI.
Here are a few more things you should know about me as a Realtor:
I really listen to my clients. I’ll listen, and I’ll ask questions to learn more about your needs. If you’re a buyer, I’ll help you find the place that’s right for you, not the place that’s right for me or for someone else. If you’re a seller, I’ll work with you to best leverage your property’s unique assets and to help you find buyers looking for just those qualities in their new home, cabin, or land.
I believe every client is important. In the past few months, for example, I’ve helped clients buy or sell properties ranging from a $100,000 cabin to a $910,000 home on 128 acres with its own private lake. I’ve listed a variety of properties including residential, lake homes, lake lots, luxury homes, hunting land, and cabins. If you check out the descriptions, photos, and YouTube videos for those properties, you’ll see that I gave every one the time and attention it deserved. I’ll do the same for your property.
I’ll give you sound, honest advice that’s in your best interest. I believe that in the long run, integrity pays. If you’re a seller, for example, I’ll give you a detailed, fact-based, realistic analysis of what your property will really sell for in today’s market.
I believe selling real estate is an art and a science. If you work with me, you’ll get great photos and well-written descriptions that help your property stand out from the crowd. That’s important, but so are the numbers and the details. I offer my clients a thorough market analysis based on comparable properties that are currently on the market and that have sold recently. When you ask about an asking price, I won’t give you an opinion or a guess. I’ll give a number that’s based on the facts. (Actually, it’s usually a range of numbers that depends on variables like what repairs or improvements you’re ready to make, how quickly you’d like to sell, etc.)
I work for positive, win-win outcomes. Let’s face it. Whether you’re buying or selling, real estate transactions can sometimes involve some big decisions and also some big emotions. In today’s challenging market, it’s not always easy bringing buyers and sellers together. That’s an important part of my job, too.
I’m able to think globally and sell locally. I grew up in a small town, lived in the big city for a couple decades, and finally moved north. Although I know the area, I still remember what it was like to be moving here from the city. I’ve been in your shoes, and I’ve experienced some of the same transitions. That broader perspective helps me work effectively with a wide variety of buyers and sellers.
Jean, Thanks for the great job on selling our home.I know the market is down right now but you found a way to get it done.I was very impressed with the way you presented and showed our home,which led to several interested buyers. Thank you so much for a job well done. Bill in Wascott, WI
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2013 ActiveRain Corp. All Rights Reserved
