Lake George Area Realty LLC
Welcome to LGAR's Newest Website Edition

Blank

Lake George Area Realty LLC

Why is your home not selling?

by Brian Donohue on 12/20/10

Why Listings Don’t Sell

Nearly 15% to 25% of all listings do not sell.

The market rejects them.

In other words, the market did not accept the Marketing Effort, the Price, the Condition, the Location, or a combination of these areas—perhaps all four of them!

The good thing is that you control two of these areas: Price and Condition. We control one: Marketing Efforts.

Condition

A hundred dollar bill is a great metaphor: they all look good, but people will always choose the nice, clean, crisp one over a dirty wrinkled one. How does your house look to others? This is the crucial important difference between Showing condition and Living condition.

Price

Being overpriced is usually the reason a home did not sell, but condition will help determine what the market is willing to pay. Remember that YOU control price and condition. The wrong price attracts the wrong buyers. It creates a bad reputation for the house in the market place and makes properly priced homes look even better. Would anyone intentionally put their home on the market to help sell the competition?

Location

Nobody can do a thing about their location except to accent the positives and minimize the negatives.

Where is this Real Estate Market going? Up or down?

by Brian Donohue on 12/20/10

Looking for input, comments, and feedback on what your opinion maybe in the overall direction we will be at the end of 2011.  Our brokerage had a record year in 2010 and we fully expect and will be working even hard for our clients to make this year even more successful for everyone.  Let us know what you think