Ep 85: How to Handle a Slow Listing (with Chris Sanders)

Guests: Chris SandersSummaryIn this conversation, Joe and Chris Sanders discuss the challenges and strategies associated with slow listings in real estate. They define what constitutes a slow listing, explore metrics for assessing market performance, and share insights on when to consider price adjustments. The discussion also covers the effectiveness of incentives versus price reductions, the impact of online presence on listings, and the importance of communication between agents and sellers. They emphasize the need for a strategic approach to selling homes, especially in a slow market, and the emotional aspects of staying motivated as a seller.TakeawaysSlow listings are defined by market conditions and expectations.Days on market is a key metric for assessing listing performance.Adjustments should be considered around the 30 to 45 day mark.Price reductions are often more effective than offering incentives.Online presence plays a limited role in changing perceptions of listings.Taking a home off the market can be a strategic decision under certain circumstances.Staying motivated as a seller involves remembering your reasons for selling.Effective communication with your agent is crucial during the selling process.Feedback from showings can provide valuable insights for adjustments.A good agent should have a clear strategy and communicate it effectively.Thank you for listening to RealTalk! Don’t forget to like and subscribe, and follow Joe on Instagram (@seattlesagent) for the latest videos. And don’t forget to check out The Seattle Experience with Joe Sheldon podcast on YouTube or your favorite podcast app. For more information about Joe, or to work with Joe, visit www.myseattlesearch.com.