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Answers (15)
- Sharon Lewis, "Sharon Lewis"
- Contributions:3916
Lower the price, if you have had ten showings and no offers, the house is still to high.
- Marie Westerman, "mzmariewesterman"
- Contributions:14
There are three factors that cause a house not to sell, Location, Condition, Price. Since the showing have been good as well as the feedback the only thing left is price. As someone else shared have your Agent show you exactly what "Is Selling" the numbers wont lie. And you have a much better understanding of what your competition is. Good Luck!
- Joanie McCraw, "Joanie Joe McCraw"
- Contributions:36
If you're getting a lot of showings & positive feedback from the showing agents & their clients, then it's probably price. I recommend asking your agent to show you your competition for comparison. In a Buyer's Market, price is usually the solution to sell a house. There are a lot of prospective Buyers who are renting because they cannot sell their current home to purchase a new one. Your Realtor should be able to let you know what's happening in your area. Good luck!
- Candace Rothschild, "Candace Rothschild"
- Contributions:169
Price accomplishes everything.
Whatever the negative is, your agent needs to tell you, so that you can be making good decisions!
For every 10 showings you should have an offer!
No showings = location, condition & price
10 showings / no offer = price adjustment
Whatever the negative is, your agent needs to tell you, so that you can be making good decisions!
For every 10 showings you should have an offer!
No showings = location, condition & price
10 showings / no offer = price adjustment
- Michael Winter, "Hillside Properties"
- Contributions:31
So many factors may produce this outcome. Over the past couple of weeks, there has been a noticeable drop in activity throughout my local market - I believe this has something to do with the shenanigans in Washington ...
Beyond this however, there remain other things besides price that could be keeping prospects from writing offers. Sometimes, slightly inaccurate marketing, or marketing with omissions lead to high volume of interest, but the prospects discover things were not exactly what they were expecting.
- John Leitaker, "John Leitaker"
- Contributions:9
I took a look at your profile. I hope your house presentation is better than your profile. We can not answer this quesiton, you could have power lines runnning right over the house, or a cat breeding operation in the garage. Look at the other houses near by, do they look much better? If so people are going to buy those houses (priced the same). You know at the end of the day prices is what sells.
- Sharon Lewis, "Sharon Lewis"
- Contributions:3916
Have your agents call the agents who showed the house and ask them what their clients comments were-the negative comments.If you are getting traffic the price is right around where it needs to be. Look at what recently went under contract and what sold in the past three months, that tells the story., I mean have your realtor look.
Good luck on your sale, sounds like you are getting close to moving on.
Sharon
Raleigh NC
Good luck on your sale, sounds like you are getting close to moving on.
Sharon
Raleigh NC
- Sharon Kopcza, "sharonkopcza"
- Contributions:22
If you have no showings or a lot of showings with no offers, you need to lower your price.
- Michael Helton
- Contributions:456
Joan, you forgot cookies! Walking into a house that smells like cookies or fresh bread instantly triggers a thought of "I want to be here." ;-)
- Joan Braunschweiger, "Morris County NJ"
- Contributions:1543
I always like to say to sellers when they question whether or not price is the issue, if not price then what?
With the advent of the internet, marketing is almost never the issue: a few clicks and houses are not only on the mls (which still sells the vast majority of houses) but also on literally hundreds of websites such as this one.
Assuming the issue isn't your house itself: its decluttered, in good shape, clean, doesn't smell, decent landscaping, fairly neutral colors/decor, what else would it be?
I am guessing your house is in a good location since you mention a good school system but how many houses are you competing with? If you are priced midrange, that isn't good enough. You have to be priced competitively which means BETTER than all of your competition. Buyers have so much to choose from and if your house is showing well, the only other thing you can control is price.
With the advent of the internet, marketing is almost never the issue: a few clicks and houses are not only on the mls (which still sells the vast majority of houses) but also on literally hundreds of websites such as this one.
Assuming the issue isn't your house itself: its decluttered, in good shape, clean, doesn't smell, decent landscaping, fairly neutral colors/decor, what else would it be?
I am guessing your house is in a good location since you mention a good school system but how many houses are you competing with? If you are priced midrange, that isn't good enough. You have to be priced competitively which means BETTER than all of your competition. Buyers have so much to choose from and if your house is showing well, the only other thing you can control is price.
- wetdawgs
- Contributions:26804
Are you at the midpoint of your neighborhood in price relative to houses that have sold in the last three months? If not, look at the price trends in your community. (You can look at the Zestimate graph and often see your zipcode and town name.) Many are still dropping.
Get some feedback from your agent for average days on the market in the neighborhood, city etc. Have your agent pull comps that have sold in the last month or two. Sit down and go through these very carefully with the agent. Remember that "sold in the last month or two" means offers from the last six months or so if there is a downward trend your asking price needs to reflect this.
There is always the uncomfortable cliche "for the right price, anything will sell". I'm sure I'd have many offers if I priced my house at $100,000 but if I put it at $10,000,000 I'd be laughed at. So the right price needs to be appropriately attractive, but doesn't have to be the bargain basement bin.
Get some feedback from your agent for average days on the market in the neighborhood, city etc. Have your agent pull comps that have sold in the last month or two. Sit down and go through these very carefully with the agent. Remember that "sold in the last month or two" means offers from the last six months or so if there is a downward trend your asking price needs to reflect this.
There is always the uncomfortable cliche "for the right price, anything will sell". I'm sure I'd have many offers if I priced my house at $100,000 but if I put it at $10,000,000 I'd be laughed at. So the right price needs to be appropriately attractive, but doesn't have to be the bargain basement bin.
- D!NO
- Contributions:2
I'm at the mid-point in my neighborhood and have one of the larger floor plans and one of the best school districts. Could it still be price?
- Pat Pribisko, "Pat Pribisko"
- Contributions:1426
Your price is too high. Ask your Seller's Agent to give you the current list prices of all of the homes currently listed. that are your competition. Then adjust your list price accordingly.
- Jaimy Beltran, "Buy Sell Invest"
- Contributions:115
Whenever we have this situation with a listing, we ask for specific feedback from the showing agents. Questions like
* "What would your buyers like to see changed about this home?"
* "What would spur them to actually write an offer?"
*"What did they decide to buy?"
This will get to the root of the problem. And, if it's price-related, then you know your answer. Remember, the "why is that?" and "how is that?" questions will get a better answer.....and best of luck with it!
* "What would your buyers like to see changed about this home?"
* "What would spur them to actually write an offer?"
*"What did they decide to buy?"
This will get to the root of the problem. And, if it's price-related, then you know your answer. Remember, the "why is that?" and "how is that?" questions will get a better answer.....and best of luck with it!
- wetdawgs
- Contributions:26804
Drop the price!
Getting a lot of showing and positive feedback from agents and their clients but no offers. Advice?
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