My Luxury Home Won’t Sell!
This is an article I wrote for Marco Island years ago, that Western New York Sellers can learn from and hopefully not make the same mistake and Chase the Market Down.
My Marco Island Luxury Home Won’t Sell-Are YOU Chasing the Market Down?
My Long Beach Home Won’t Sell-Are you Chasing the Market Down? is a timely and well written article by California Realtor®, Laurie Manny in Long Beach California. Laurie and I have discussed correctly pricing properties in today’s Buyer’s Market. We have consulted regarding several Marco Island listings, who have been Chasing the Market Down, and what can be done to correct these tragedies. We have also touched on steps Marco Island Buyers can take to protect themselves from costly mistakes and a variety of other Marco Island real estate related issues.
Why would an article written to Long Beach California Sellers be important to Sellers on Marco Island FL or Buffalo NY?
One very good Reason — this is a great article explaining the importance of pricing homes correctly from the beginning. Laurie’s market is Long Beach California, her message is universal; where you see the word Long Beach, simply insert Marco Island or almost any other city, in almost any state, the advice is still valid. Marco Island homes have experienced a serious price correction, your price needs to be ahead of the curve or you will not sell. Pricing is everything in this market. Either price your home to sell or change your plans, remain in the home and ride out the market – if you can.
When is the last time your Marco Island Realtor® checked the comparable sales for your home? Prices are changing so rapidly these days that comparable sales need to be checked every few weeks and prices adjusted accordingly. The last place you want to be right now is active on the market and over-priced. Listen to what is happening in the Marco Island Real Estate Market, the comps will speak to you. Laurie’s right! Chasing the market down is a seriously bad gamble, in Marco Island or anywhere. California and Florida are expected to dominate a list of areas where private mortgage insurer’s expect home prices to continue declining over the next two years. While that may or may not happen, Marco Island Sellers still need to deal with the realities of today’s market, if they want to sell their homes.
- If you are in trouble on Marco Island, consult with your local Realtor® (shameless plug to call me) and seek advice from a financial advisor.
- If you don’t need to sell, take your Marco Island home off the market and wait for a better market.
- If you are serious about selling your Marco Island Home, wrap yourself around the reality of today’s pricing or become the next casualty.
So Marco Island Sellers I have a very important question for you:
Are YOU Chasing The Market Down?
For more information call Colleen Kulikowski
(716) 650-0051
Thinking of selling your Western New York home? Interested in finding out the current market value of your single family home, condo or investment property? Then call www.BestBuffaloHomes.com at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home. View additional WNY Market Area Statistics here.
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All Statistics are gathered from the Buffalo Niagara Association of REALTORS®. Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2012 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.
All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2012 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.
About Colleen Kulikowski, Licensed Real Estate Salesperson (716) 650-0051
Colleen Kulikowski is a Licensed Real Estate Salesperson at MJ Peterson specializing in Western New York residential homes who doesn’t follow trends; she blazes new trails and is able to recognize industry trends and implement them to her client’s best interest. Colleen has created a unique following with one of the top local internet positions in the country generating thousands of leads for her team. Real Estate is a second career for Kulikowski who’s first career was in Information Technology and Data Warehousing working for such companies as Radio City Music Hall, Nabisco Foods and as a consultant in the Financial and Insurance industries. A strong background in technology and management provides her with keen analytical and sharp negotiating skills.
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February 2, 2008 at 6:16 pm[...] My Marco Island Luxury Home Won’t Sell-Are YOU Chasing the Market Down? [...]
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September 21, 2010 at 11:42 pmWow, what an amazing article! Thanks so much for doing such a fantastic job with this, i’ll be reading regularly from now on.
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[...] My Marco Island Luxury Home Won’t Sell-Are YOU Chasing the Market Down? [...]
[...] My Marco Island Luxury Home Won’t Sell-Are YOU Chasing the Market Down? [...]
[...] My Luxury Home Won’t Sell-Are YOU Chasing the Market Down? [...]
[...] no real marketing going on.  Did you “friend in Real Estate†tell you the dangers of Chasing the Market Down? Or are they just waiting for you to get completely frustrated so they can sweep in and save the [...]
[...] The agent that takes an over-priced listing knows full well that home sellers are influenced by the signs in the neighborhood and will call agents that have homes listed in their area.  They also know that they are not going to sell that home without signifcant price reductions are ok with that.  Their goal is to break into a new market.  They think that they will get the seller to drop their price after a couple of weeks. Meanwhile you lose valuable marketing time and start on the slippery slope of Chasing the Market Down. [...]
[...] My Luxury Home Won’t Sell-Are YOU Chasing the Market Down? [...]
[...] everyone can price their home competitively.  Do you know what your Buffalo home is worth compared to others that are on the local Real [...]
[...] The agent that takes an over-priced listing knows full well that home sellers are influenced by the signs in the neighborhood and will call agents that have homes listed in their area. They also know that they are not going to sell that home without significant price reductions are ok with that. Their goal is to break into a new market. They think that they will get the seller to drop their price after a couple of weeks. Meanwhile you lose valuable marketing time and start on the slippery slope of Chasing the Market Down. [...]
[...] listing with another Realtor and your listing is about to expire. Do you know what Chasing the Market down means? How important is the marketing of your [...]
[...] Are there other offers? Has there already been several price reductions? Is the seller “Chasing the Market down”? Have they already purchased a home and the sale is contingent on the sale of this house? [...]
[...] that has their listing with another Realtor and your listing is about to expire. Do you know what Chasing the Market down means? How important is the marketing of your [...]
Wow, what an amazing article! Thanks so much for doing such a fantastic job with this, i’ll be reading regularly from now on.
[...] this home chasing the market down? Pricing is everything in this market. Either price your home to sell or change your plans, [...]
[...] The agent that takes an over-priced listing knows full well that home sellers are influenced by the signs in the neighborhood and will call agents that have homes listed in their area. They also know that they are not going to sell that home without significant price reductions are ok with that. Their goal is to break into a new market. They think that they will get the seller to drop their price after a couple of weeks. Meanwhile you lose valuable marketing time and start on the slippery slope of Chasing the Market Down. [...]
[...] The agent that takes an over-priced listing knows full well that home sellers are influenced by the signs in the neighborhood and will call agents that have homes listed in their area. They also know that they are not going to sell that home without significant price reductions are ok with that. Their goal is to break into a new market. They think that they will get the seller to drop their price after a couple of weeks. Meanwhile you lose valuable marketing time and start on the slippery slope of Chasing the Market Down. [...]
[...] thought that I could over come these obstacles. This is another home seller that is going to chase the market down before they finally sell. Each conversation started with “I am not going to give my house [...]
[...] the truth, it always comes out… So what is it? Do you really want to sell? Or are you having fun chasing the market down? Can you really afford to keep doing what you have been [...]