From the Columbus Board of Realtors: "Inventory levels in central Ohio have been declining over the past year and now stand at just over 12,000 - almost 33 percent less than one year ago and 40 percent less than July 2007, the highest month on record according to the Columbus Board of REALTORS®.
More Good News from "The Voice for Real Estate in Central Ohio":
"Central Ohio home sales in May were up for the fifth straight month. Residential home sales in May
reached 2,070, up 5.0 percent from the 1,971 sales recorded in May of 2011.
The 7,966 home sales January through May of this year mark a 6.0 percent increase over the 7,451 sales recorded
during the same period last year according to the Columbus Board of REALTORS®.
Homes in central Ohio sold for an average of $167,518 last month which is up 6.3 percent from one year ago.
According to the Columbus Board of Realtors:
The number of homes listed for sale over the past two months is lower than the previous year suggesting the market may be beginning to adjust itself. The 3,629 homes added to the market in April were 7.0 percent lower than April of 2011 and the 3,466 new listings in March were 10.4 percent lower than the previous year according to the Columbus Board of REALTORS®.
I chose your flat fee listing service because I did A LOT of looking on [unnamed company F] and [unnamed company O] and while [company F] looked super fancy and gave me a lot of information, I emailed them with questions and never received a reply. I called [company O] with a question and sat on hold for A LONG time before I hung up. Being accredited by the BBB was what caught my attention and then exploring your website confirmed tips that I had read on informational websites on selling home by owner and that was making sure the sign says something about working with buyer agents.
I recently came across a flat fee listing from a well known, large flat fee MLS listing brokerage. This company probably has the fanciest looking website out there, and they market their service really well. If only they could market their MLS listings as well. This listing had so many mistakes on it. Now when I say mistakes I do not mean typos or showing 2 bedrooms instead of 4. The mistakes I saw were mistakes in agent friendliness—this listing would quickly convince any buyer agent to not show the property.
This past Sunday there was an excellent Sunday Feature Article in the Real Estate Section of the Sunday Newspaper in the Milwaukee Journal Sentinel. The article quoted BuySelf Realty Lead Broker Albert Hepp and was entitled "By owner or with broker: Home sellers have options." The author, Maryann Bouche, clearly did her research.
Some people have a misconception that only experienced, sophisticated, and savvy home sellers should use flat fee home sales to sell. Not so. BuySelf Realty's services are designed for the first time home seller with no knowledge of real estate. Here are some other types of sellers and situations that successfully use BuySelf Realty:
The sad truth is that most flat fee MLS listings confuse, alienate, or repel the majority of buyers. Even worse, the flat fee seller doesn't know how repulsive their listing is, because buyers/agents don't contact sellers to explain why they won't view the property. Not only does the seller not know their listing stinks, there isn't any way for them to learn how to improve their listing. So all the seller knows is that their house isn't selling. Is it the price? Am I listed in the right MLS (Multiple Listing Service)?
As a flat fee home sale Broker, we focus on communicating what is included in our service. The other day someone asked the opposite question—what is not included in a flat fee listing? That is a really good question, so let's have at it:
First, let's eliminate some misconceptions about what is included in traditional Realtor service with the huge commission.
What is not included with traditional agent listings or flat fee MLS listings:
In general, the answer is yes, if you want a buyer, it should be on the market. Buyer activity will likely slow down, sometimes to little or nothing. Many sellers do remove their listings, so the number of competing listings goes down. A substantial number of houses still sell during the slow times, often the active buyers are very motivated. The "need to buy" buyers are still out there, while some "want to buy" buyers are too busy to look at homes, so the numbers of showings declines.