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IS YOUR HOME NOW AN EXPIRED LISTING?

Posted by Cam Bird on Tuesday, April 19th, 2016 at 4:50pm.

So... Your home didn't sell?

Statistically  far less than 50% of the homes that get listed on Saskatoon's MLS market DO NOT SELL! There can be a multiple reasons this has happen to you perhaps! Often Sellers blame their selection of a REALTOR for this although that's not always the reason!! On some occasions the REALTOR has simply "put the home for sale" at whatever price the Seller has requested, however in today's real estate market the Seller should NOT be dictating the price as to what they need versus what's the home is really worth! Accurately pricing a property is very key to creating a successful sale, your REALTOR should be basing the price on comparable sales of similar homes in the same area as yours PLUS and in today's real estate market, it is very very important to see what the competition is, as compared to the home being evaluated. Appraisals performed by accredited appraisers are most times only looking at previous sales without taking into consideration of existing listings that will be competition to your home- and in a sliding market this is extremely negligent to not take the competition into consideration. Currently the SRAR has approx 1100 single family homes for sale with an absorption rate of 5.5 months, while the condo market is even heavier saturated with listings hovering close to 800 townhouse & apartment style condos which equates to over an 11 month supply! This is one reason why properties are not selling as one would hope. To be aware of statistics such as this is critical to understanding the market place. My son Jordan and I pride ourselves on properly pricing your home, we do our due diligence and we would far rather tell it like it is as far as where your home needs to be priced in order to make that sale occur rather than telling you want you want to hear!! Not to be totally disappointed in what your home is worth- all Sellers are in the same market place, they are not receiving as much for their home as they had hoped, so it's actually all relevant! To be truthful a down market that we have been experiencing is a fabulous time to jot only get into the market place if your a first time Buyer but it's even a better time to upgrade into that larger home you've always wanted to! What else sets us apart from our colleagues in the real estate business? We have what we feel is without question thee best real estate website that money can buy! Every listing that appears on the Saskatoon Real Estates MLS market appears on our site, it is updated hourly with fresh MLS listings. As a result of this, the main search engine that the vast majority of people search anything on is Google! With this vast amount of data combined with videos we often post online, our website sellingsaskatoon.com has been on page ONE of Google Organically (not paid per click ads where you may find other REALTORs buying positions to appear at the beginning of page one) our site appears on page one and has for years organically when searching under Saskatoon Real Estate, a common search wording when Buyers begin to search for homes! Combine this method of exposing your home to the masses as each one of our listings are at the forefront of our website, but in addition we advertise heavily every day on three different local radio stations In Saskatoon- 650 Talk Radio, CJWW, as well as Magic98. In addition to this we also have a TV ad campaign that runs on Global TV mainly during their News hour several times per week using an add that Cam is endorsed by Shark Tanks very own BARBARA Corcoran! With our decades of experience (Cam has been selling Saskatoon and area since June 1985 while Jordan has been licensed since 2012) and now our latest acquisition Jill Bird has come into the real estate scene acting as our administrative assistant rounding up a full family business! To sum up our message, we want to be your REALTOR for life, we work hard to do what needs to be done -sell your home, assist you in purchasing your first home or your retirement home. We would be honoured to be of assistance for all your real estate needs. We assure you we offer the absolute maximum exposure to get your home SOLD or to find that dream home you've been looking for! We welcome your call, email or text message! Cam Bird -306-221-0654, cambird@sellingsaskatoon.com Jordan Bird 306-371-5888 jordanbird@sellingsaskatoon.com

You may ask yourself why didn't yours sell?

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