Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on TwitterFollow AgentsOnline on Facebook

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Sponsored Links
How To Advertise Here
How To Advertise Here

Good Idea!
Realtor Promotion Service

Sponsored Links
(Views)Popular Topics
No new orders today 13127591
Stupid MLS comments. 3321982
What do you know about Froy Candelario, top agent in USA 1214121
Stupid QC comments and BPO requirements. 1087304
New HUD Listing Brokers---Any Update? 1050497
Is there religious content in Buffini class? 838610
Let's talk about our cars 685863
Name that Flick. Great movie Lines. 618800
Pay it Forward - BPO/REO Tips & Tricks I & II 608577
Most common items found at an REO 601135
EML 459233
Main Street 437347
asset val seminar in colorado 418753
assist 2 sell or 1 percent realty? 350029
HOMONYMS - There, Their, and They're 323784
Evalonline 300207
Land America 285053
Mainstreet 261860
Matched Content
Topic Options
Rate This Topic
#450279 - 02/03/16 01:57 PM No offers on offer deadline. Is this the "real estate kiss of death"?
daville_ Offline
Junior Member

Registered: 02/03/16
Posts: 1
Loc: Ontario, Canada
Background info: single family home in "hot" Canadian market. Realtor convinced us to price ~30-50k under market value and hold off offers until 5 full days after house was listed to encourage a bidding war. Had a weekend open house and probably 20+ individual showings. Offer day rolls around......1 low ball offer. that's it. huge disappointment. Meanwhile houses in the neighborhood are selling in days for above market value asking. Realtor has now pulled the listing and relisted with $30,000 price increase. We took a risk and it relisting at a higher price our best option? Relisting is happening on the 6th day of it being on the market.

#450305 - 02/04/16 07:01 AM Re: No offers on offer deadline. Is this the "real estate kiss of death"? [Re: daville_]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2250
Loc: Outer Banks
That 30k price increase will not exist in any buyers eyes now that they have already seen the lower price.
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

#450320 - 02/04/16 11:24 AM Re: No offers on offer deadline. Is this the "real estate kiss of death"? [Re: daville_]
MHT Offline

Registered: 12/25/09
Posts: 322
Loc: Ontario, Canada
If the price you came to the market with really was 30-50k under in a hot market (likely GTA) with that activity then it would have sold. This tells me that it was not in fact underpriced to begin with and you are now sitting on the market 30k above the previously overpriced list price. Being over priced and not realizing it is the kiss of death.

#451300 - 03/15/16 10:32 AM Re: No offers on offer deadline. Is this the "real estate kiss of death"? [Re: daville_]
Somerville Team Offline
Junior Member

Registered: 03/15/16
Posts: 1
Loc: Guelph
I agree, that the property sounds like it was not in fact listed below market value after all. What are the comparable sold properties? Just because a house down the road is selling for a certain price doesn't mean your house is worth that too. There are a lot of factors to consider. Buyers are smart and they know value. If you list a property at the "right" price it will sell for that or more. We never price houses for what we think is less than market value.

#452799 - 05/27/16 03:56 PM Re: No offers on offer deadline. Is this the "real estate kiss of death"? [Re: daville_]
estatereal Offline
Major Contributor

Registered: 01/27/07
Posts: 3130
so you are saying you did not sell for price x because it was to low of a price so you decided to increase the price by 30k to make this home _____________? I don't even know what to fill in. Better deal, appealing, more of a value?

when you want to sell something in the store, do you raise the price or lower the price?


Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.

Newest Members
kyle_flory, jetgetset, Night Owl, AMOC, CareyBrown
29957 Registered Users
Who's Online
2 registered (cyperpc, 1 invisible), 31 Guests and 7 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Long Walk 34
Vermont 18
Trouble 15
Mr. Clean 13
sualk54 12
RonnieEmz 12
Z06Fanatic 10
TheTexasGal 8
avidstudent 6
David Hunter 5
jetgetset 5
JohnN 5
HChomat 5
offrs 4
estatereal 4
Featured Member
Registered: 02/15/16
Posts: 313

How To Advertise Here

This site presented by RNC Internet Services