We’ve all read the answers here on why homes don’t sell or get showings. It’s a “no duh” moment when people say (1) it’s priced too high, (2) it needs to be staged, (3) the location is bad, (4) it’s in poor condition. We all know that. Your problem here is you’re listed with someone who is afraid to be honest with you.
I’ve been helping several agents recently with their listings and marketing through consulting, and I have found some very simple fixes above price, condition and location that MIGHT be the cause for lack of showings or lack of offers above the biggees. Ask your agent today to check these things or audit them yourself.
Problem 1: The home isn’t mapping in the MLS system. Many agents search for properties in the agent-only section of the MLS via the “Mapping” feature. When the home is being data entered into RealTracs, one typo or not checking the “geo-coding” can cause your home not to show up to the agent. Remember, 78% of buyers report that they found their home through their agent.
Notice the yellow arrow I drew in for you. The red star means that the home is not mapping. If someone is searching for a home via the Geo-Coding/Mapping feature, and you’re home isn’t mapping correctly, it will not be found…period!
Problem 2: Your pictures suck. You should expect only professional level photography in this type of market. If your agent shows up with a point and shoot camera, this should be flag #1. Lighting, angles, point of view and equipment matter. I listed a home recently that was on the market with another agent for over 30 days and had average photos. The sellers said they received three showings before releasing their agent. In 29 days, with my marketing, we had 33 showings and an accepted offer.

The dining room's photo (even without staging) was dark and shot from a poor angle. The new photo focuses on the room's light rather than the outdoor area outside the window. (8/22/2009 note: Home under contract in 30 days after over 120 days on market with other representation)
Problem 3: The square footage, bedroom numbers or bathroom totals were incorrectly entered. My heart breaks every time I think of a story I had in Green Hills a few years ago. A home was priced amazingly well and had been on the market for over 250 days. A senior couple owned it and had used “a friend” to list the home. The “friend” entered it in the MLS as a 1 bedroom, 1 bath with 1200 square feet. In actuality, it was a 4 bedroom, 2 bath home with well over 2300 AMAZING square feet. To top it off, it had no pictures either. I called the agent’s broker and reported it immediately after I had a buyer ask to see it via a drive-by, however, you may not be so lucky if you’re not on a major thoroughfare!
Problem 4: The narrative and wording isn’t present or simply stinks. In the MLS, agents can enter “Remarks” that the consumers see on all the websites (quiet, cul de sac street on level acreage), “Realtor Remarks” which are for agents only (agent bonus of $500, disclosures are available at…) and “Photo Captions” which appear below of the photos and allow 250 characters (Sitting on a large corner lot, the seller is providing a one-year home warranty and is willing to pay up to $4000 in closing costs). Is your agent using all these text areas to tell your story?
The "Remarks" section is the spot in the MLS that is picked up by every other website and agency site to describe your home. Example 1 chose to brilliantly use exclamation points instead of giving the seller their full potential narrative. Example 2's agent just didn't care enough to take the three minutes to write anything at all. Heck, I'd be happy with exclamation points at least here!
Problem 5: Your representative has a bad reputation in the agent community. Stock is too heavy and life is too short for agents and consumers to deal with jerks. Ask other agents candidly about your agent’s involvement in the REALTOR community. While our code of ethics is clear that we can’t bad-mouth another REALTOR, if you ask around enough in your community or find former agents, you’ll get the scoop (See Section 15 of the NAR Code of Ethics). If a buyer’s agent has seven homes that are perfect for his/her buyer and your home is one of those perfect seven, why would he/she show the home of an agent that has a lose-win attitude, doesn’t return calls or hasn’t upheld the ethics the “good ones” keep. Is that fair? No. Is it illegal? No. A buyer’s agent is actually representing his/her client BEST by safegarding them from potentially difficult negotiations and contract situations. Ask your agents about the designations they hold (all the letters that make no sense to you after their name), their involvement in their association, the awards they’ve won outside of sales production or better yet, check out their RECENT education history here: http://licsrch.state.tn.us/
Problem 6: You don’t have enough visuals. Again, we are in a heavy stock cycle, and buyers are “stalking” home on the net first. If 45 homes fit their needs, they will likely look at the ones they’ve seen the most of. If your home has been on the market for over 90 days, recently, the MLS migrated to allow agents to upload 20 photos instead of the previous 10. I can’t tell you how many times I’ve seen three or six photos presented on a 2000+ sq ft home!
Problem 7: Your home hasn’t been connected with the correct agents. As all real estate is local, there are ways to analyze the area to see what buyer’s agents sold the most three bedroom homes in 37204 in 2009 so far. Your agent should know the agents in your home’s sales feature price range and expose your address to them. When I listed a home recently in Fairvue Plantation in Gallatin, while out of my primary territory, you better believe I paid a courier $150 to deliver information to the top 80 agents who had sold homes there. You better believe I offered incentives to those top agents to come out and preview it. (8/22/2009 note: Home went under contract within 14 days and is closed!)
Problem 8: The buyers’ agents can’t get in! This is my top pet peeve when I’m representing a buyer!! Most agents have a showing desk to set up the showings. If your agent handles the showings directly, this is a big red flag! “Oh, Mr. Seller, I always have my phone with me and this assure you will get the showing AND I will be able to speak to the agent myself to prep them.” This is pure bull crap! WEEKLY, YES, WEEKLY I call within 24 to 48 hours to show a home and at least one or two of the homes don’t get a return call. I’ve called many an agent’s supervisor and had some nice talks!
Additionally on Problem 8, as stupid as it sounds, check the key often and make sure it still works to the correct door and the lock box is clearly available. The key to my personal home stopped working last month alone! While I always call the agent and tell them there’s an issue with the key, many agents won’t. Consumers may be coming to your door, never getting in, finding another home and you never know! I had another key two weeks ago on one of my listings stop working, too. Obvious, but a potential problem!
Problem 9: Your home has expired or been withdrawn. Last week, my heart broke when I entered a home of the sweetest lady. She couldn’t figure out why she couldn’t find her home listed on-line. More issues than that existed, but the biggest issue was that the home had expired from the MLS, and she had no clue. Every agent in Tennessee is required to give you a copy of everything you have signed within 24 hours of signature. Her agent had not done this; so, she had no way of knowing she was out of contract and had been off the market for over a month!
Problem 10: The buyer’s agents commission is not competitive. While there are no set commission rates for real estate, the more commission you are paying your agent, the more commission the buyer’s agent will make. If a home fits my buyer’s needs, I will show it regardless of commission offered, however, many agents don’t share this opinion. In the new Tennessee Association of REALTORS listing agreement (which is widely used across the state, on line 81 of page 2 [as of 7/10/2009] there is a blank that shows you what the buyer’s agent will receive. If your agent hasn’t shown you their value enough to the point you’ve asked them to discount their normal rate, you need to make sure they are not placing your home in an inferior commission position. What percentage the listing agent shares with the buyer’s agent is between those two agents, you NEED to know what that percentage is.
Usually we see lower commissions on multi-million dollar properties or commercial listings. This $200K home is listed giving the co-op agent 1% when all of its competing home sellers are offering 2%, 2.5% and 3%!
Problem 11: You! So many times we want to point the finger at the agent or his/her marketing deficiencies, however sometimes you’re the problem. You are consistently turning down appointments or you don’t check your voicemail to confirm showings until the showing request time has long passed. As kindly as possibly, I remind my sellers in the listing consultation of these obvious principles. If you want to sell, you have to show! A few Fridays ago, I was trying to show my buyers a home and had been canceled on TWICE by the owner’s daughter. If an agent is working to get you the showings, but Aunt Erma’s overnight stay, Sally’s birthday party or your need for an extra two hours of sleep on Saturday morning is causing you to say “no” to the showings, you need (1) to not be on the market or (2) find an agent who will keep you in line (kindly, of course).



{ 27 comments… read them below or add one }
Brian, once again, you are “right on!” I teach listing strategies to top producers all over the country and your 10 reasons a home doesn’t sell would make a block buster class! You are simply the best and I pray that agents and sellers alike listen to your sage advice. You are my hero!
Coach Jackie
Jackie, thanks! We’ve all learned so much from your wisdom. I originally wrote this blog for Trulia in 2009. I’ve had three agents tell me they use this in their expired and withdrawn listing appointments. It’s all about raising the bar for us all. I appreciate you stopping by and hope you get to Nashville soon!
Brian,
This is exactly what I needed to hear. But what if all these are criteria are met and the house STILL is not getting shown!!!
ARGGGGGH! (that’s frustration)
Terri
Terri, you need to have your web analytics in place to see if you are generating the marketing traffic enough to bring people into the home based off of the statistics. If those aspects are coming into place, the best gift you can give these home sellers is the gift of goodbye.
I’m so honored you read this blog!!
Could you filter that down a into simpler terms for me? And I not only read your blog, I study your marketing strategies, I’m a true fan!
How lucky for you that the Ohio Association of REALTORS just booked me to come up there to teach this very subject in May for an hour
Too much to go into on a blog.
LOVE this. Thanks for putting into words what’s cluttered in most Realtors brains, Brian!
Can’t wait. I checked the realtor.com and great hits(close to 4000 in Jan!) on this home. it is priced high (about 30k too high), but it’s worth it. trying to redo inside with a stager. got 3 possible buyers who are getting qualified. nothing is going fast enough. meeting with clients tomorrow morn. suggesting price reduct. in 2 weeks if these 3 don’t bite. what do you think?
@Terri, remember in your listing appointments it’s so important to discuss price adjustments, the level of adjustment and the timeline of adjustment. My sellers typically know that first jump down is going to be drastic after the initial “market test” price.
Love the candid advice! Every seller should read it…hope you don’t mind me sharing!
GOT IT! How soon after? What do you consider a market test? What do you consider a drastic reduction in relation to a 320k home?
And btw, what do you think of realtor.com’s featured homes? We already pay for enhanced listings, but are considering investing in one of the few spots in our zip code’s featured listings (the ones that scroll on the bottom and top when you come to a page on a search).
When will you be in Columbus? Exact date?
Brian:
Great Post! Love point #10 – can’t tell you how many times I’ve been on listing presentations on expired listings where the seller isn’t even aware of what the buyer agent commission is, let alone whether its competitive or not! Always makes me wonder if the previous agent even explained how they were splitting the commission and how the split could affect the sale of their home.
Couldn’t agree more! Great blog!!!
Brian, this was clear and concise. Just as you present in person. I appreciate your sharing your knowlege with the rest of us… Keep up the great work! Paul
Brian, great blog – good advice with a sense of humor. Keep it coming! Are you coming to Denver any time soon?
Brian – thanks for being bold and saying what so many others are reluctant to – the TRUTH. Agents, add these tips to your listing presentation and your pre-list book. It makes it so much easier to discuss when you have it in print to support your verbal claims.
I can’t tell you how many signs and lock boxes I have removed from listings when the agent abandoned the expired listing. The seller’s’ first clue was when I showed up. The sad thing was they say things like, I thought she/he cared about us enough to tell us the truth.
Brian,
This is great stuff and so true.
May we use this as a foundation to create
our own promotion? Promise to give
you credit when appropriate as a Nashville expert.
Clark Niblock, CRB, CRS, e-Pro, Transnational, SFR
Co-Founder of the RESupermen at Niblock Co. in San Antonio
Thanks I will keep this in mind. Our house just went on Thursday but we have not had a showing yet. We priced lower then our agent suggested since we are moving out of state and moved out so the house could be shown any time. The other times we sold our homes we had people come by that day I am just not sure at what point we can know we are not priced correctly or marketing is not good enough.
Dead on, Brian. I have some sellers, and buyers who need to sell their homes before they can buy, that need to see this. Do we just need to beat them in the head with this before they get it?
Brian, as always, very well done. The “no duh” moments very agent should communicate right upfront with thier clients to lay the foundation for a stressfree transaction. If the client won’t listen, then it is OK to walk away. Great advice!
Brian,
A great top 11 list for both sellers & their agents. Thanks for sharing!
Great Post! Love point #10 – can’t tell you how many times I’ve been on listing presentations on expired listings where the seller isn’t even aware of what the buyer agent commission is, let alone whether its competitive or not! Always makes me wonder if the previous agent even explained how they were splitting the commission and how the split could affect the sale of their home.
+1
This is great! My favorite is…”Your photos suck!” That made me laugh! I needed this! thanks!
This is sooo true and here in The Bahamas it’s worst……Overpriced properties just sits for more than a year and the owner just don’t get it…..so I leave them to dream on!!
Brian, i just found this and am so impressed by your writing style. a very good article. I am trying to rewrite borrowing the ideas, and i just can not recreate anywhere as interesting a post.
Good Job.
Sage advice, Sensei Brian. You truly are a real estate ninja! All young grasshoppers would do well to sit at your feet and learn.