Why No Feedback Is The Real Estate Feedback You Need
While long-term real estate trends have been going up, the short-term real estate trends tend to fluctuate. More often when realtors don’t receive feedback from their agents or they receive it with little information, they get disillusioned and begin thinking that they might have invested in the wrong market or business. It’s obvious and natural; there’s no way you can talk to clients and get no feedback at all. Even frowning is a feedback! It’s unfortunate that the only feedback we care about is that of purchase.
When agents fail to sell a showing, that’s when you don’t receive any feedback. As an investor, your investment definition should be geared towards working on why your showings didn’t sell quickly so that you can fix up the mess.
“The most important questions of life are indeed, for the most part, really only problems of probability.” – Pierre-Simon Laplace
So what should you do to take advantage of no feedback’ mentality?
Change Your Marketing Skills
There may be many reasons why a listing isn’t moving that fast as you thought but the property marketing plays a huge part in this. As an investor you should yourself several questions such as, should I buy an investment property or a rental home? Whenever you want to put a listing on your MLS market, ensure that the photos you post are quality. This means they are visible (with high resolution, full photos). This might be one of the reasons why you never got any feedback, work on it, and you’ll get feedbacks.
Pricing
In any free market, if you aren’t receiving any offers, then your prices must be questionable. Be quick to offer counteroffers whenever a client needs a low priced property. It is important to understand that a showing may even take two weeks in the community MLS before it brings any feedback. Besides that, knowing the investment purchasing procedure is key. There’s no need to panic since it’s a normal thing that buyers take their time before making the final decision. But if a listing stays for months, then there must be a problem somewhere.
Put on a Buyer’s Hat
Being cognizant is what sellers are demanded in this competitive industry. A seller goes through his all processes and so is the buyer. This is the point where most investors fail. Comprehending that the buyer needs to make crucial decisions is imperative. You might really want advice about purchasing your first rental home and the buyer too needs the same information. Buyers might just want to sign in for the deal but they still feel they want more information.
Agents should be able to deliver correct and full information about the properties on the listings so that buyers can make quick decisions and leave positive feedbacks. No feedback at all is the feedback that you’ve been waiting, just read between the lines of what buyers tell you and you’ll see changes.