{"id":7416,"date":"2023-08-14T18:26:32","date_gmt":"2023-08-14T18:26:32","guid":{"rendered":"https:\/\/keepmorecommission.com\/?p=7416"},"modified":"2023-08-21T16:58:27","modified_gmt":"2023-08-21T16:58:27","slug":"real-estate-backstory-how-to-revive-a-stale-listing-other-real-estate-news","status":"publish","type":"post","link":"https:\/\/keepmorecommission.com\/2023\/08\/14\/real-estate-backstory-how-to-revive-a-stale-listing-other-real-estate-news\/","title":{"rendered":"Real Estate Backstory: How to Revive a Stale Listing &#038; Other Real Estate News"},"content":{"rendered":"<h3><strong>How to Revive a Stale Listing: Insights from the Real Estate Backstory<\/strong><\/h3>\n<p>The real estate market is ever-evolving, with trends, challenges, and opportunities arising regularly. In a recent episode of the &#8220;Real Estate Backstory&#8221; video series, Alan and Ming Richardson, seasoned professionals in the industry, shared invaluable insights on various topics, including how to breathe new life into a stale listing.<\/p>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/a_5g_0Xd7tI\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3><strong>Americans are Moving Longer Distances<\/strong><\/h3>\n<p>One of the key takeaways from the video is that Americans are now moving over much longer distances. This trend underscores the importance of having a robust referral network for agent-to-agent referrals and ensuring a strong online presence so potential clients can easily find you.<\/p>\n<h3><strong>Baby Boomers: A Dominant Force in Buying<\/strong><\/h3>\n<p>Interestingly, baby boomers have surpassed millennials as the primary force in home buying. With significant equity from selling their homes, they are making substantial down payments, often in cash.<\/p>\n<h3><strong>New Construction: A Ray of Hope<\/strong><\/h3>\n<p>New constructions account for about 31% of the total inventory, indicating a bright spot in the market. However, the overarching challenge remains the lack of inventory, especially with rising interest rates.<\/p>\n<h3><strong>Reviving a Stale Listing: Practical Tips<\/strong><\/h3>\n<p>A significant portion of the video was dedicated to strategies for reviving listings that aren&#8217;t selling:<\/p>\n<ol>\n<li><strong>Re-evaluate the Price<\/strong>: Ensure the price is set based on current market conditions and comparable properties.<\/li>\n<li><strong>Update Photos<\/strong>: High-quality photos can make a significant difference. Consider hiring a professional real estate photographer.<\/li>\n<li><strong>Review Feedback<\/strong>: Utilize tools like ShowingTime to gather feedback from potential buyers.<\/li>\n<li><strong>Revamp the Listing Description<\/strong>: Make it engaging and ensure it accurately describes the property.<\/li>\n<li><strong>Reassess Marketing Strategies<\/strong>: Are you leveraging social media, agent blasts, and open houses effectively?<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h3><strong>The Power of Staging and Presentation<\/strong><\/h3>\n<p>The presentation of a property plays a crucial role in its appeal. Proper staging, combined with high-quality photos, can significantly enhance a listing&#8217;s attractiveness.<\/p>\n<h3><strong>The Importance of Continuous Learning<\/strong><\/h3>\n<p>The video also highlighted the upcoming Tom Ferry Summit, emphasizing the value of continuous learning in the real estate industry. Such events provide a wealth of knowledge, offering agents fresh perspectives and innovative strategies.<\/p>\n<h3><strong>Trends in Home Colors and Values<\/strong><\/h3>\n<p>Zillow&#8217;s study on home colors revealed that gray kitchens tend to sell for more, while white walls might decrease a home&#8217;s value. Understanding such trends can be invaluable when advising clients on preparing their homes for sale.<\/p>\n<h3><strong>The State of the Market<\/strong><\/h3>\n<p>Despite challenges like rising interest rates, the real estate market remains robust. With a rising population and a positive net inflow of people moving into areas like Georgia, demand remains high. However, there&#8217;s a notable decrease in new listings, making it even more crucial for agents to strategize effectively.<\/p>\n<p>In conclusion, the real estate market, with all its intricacies, offers numerous opportunities for those willing to adapt and learn. For a deeper dive into these insights and more, consider watching the entire video <a href=\"https:\/\/www.youtube.com\/watch?v=a_5g_0Xd7tI\" target=\"_new\" rel=\"noopener\">here<\/a>.<\/p>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/a_5g_0Xd7tI\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to Revive a Stale Listing: Insights from the Real Estate Backstory The real estate market is ever-evolving, with trends, challenges, and opportunities arising regularly. In a recent episode of the &#8220;Real Estate Backstory&#8221; video series, Alan and Ming Richardson, seasoned professionals in the industry, shared invaluable insights on various topics, including how to breathe [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":7417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/keepmorecommission.com\/wp-json\/wp\/v2\/posts\/7416"}],"collection":[{"href":"https:\/\/keepmorecommission.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/keepmorecommission.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/keepmorecommission.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/keepmorecommission.com\/wp-json\/wp\/v2\/comments?post=7416"}],"version-history":[{"count":5,"href":"https:\/\/keepmorecommission.com\/wp-json\/wp\/v2\/posts\/7416\/revisions"}],"predecessor-version":[{"id":7422,"href":"https:\/\/keepmorecommission.com\/wp-json\/wp\/v2\/posts\/7416\/revisions\/7422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/keepmorecommission.com\/wp-json\/wp\/v2\/media\/7417"}],"wp:attachment":[{"href":"https:\/\/keepmorecommission.com\/wp-json\/wp\/v2\/media?parent=7416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/keepmorecommission.com\/wp-json\/wp\/v2\/categories?post=7416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/keepmorecommission.com\/wp-json\/wp\/v2\/tags?post=7416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}