Profile picture for mke poole

Two weeks on the Market and only Two showings...

  • October 15 2013 - San Antonio
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Answers (11)

Best Answer

I'll be brutally honest with you just from seeing your listing on Zillow and SABOR.

The pictures are of very low quality.  I suggest that you have your agent hire a professional photographer and upload the pictures directly on Zillow because when they get transferred from the MLS, they lose much of the resolution and become grainy such as yours.  Same to other syndicated major websites.

Not many people like that much siding on a home because of the maintenance.  We are known for brick, if it's a typical build for the neighborhood, that's nothing you can do about it.  May be remove a couple of the pictures that highlight it too much.

A couple of the rooms have cluttered desks.  Clear those up.

Your dropped the price by 5K within the first 2 weeks of listing it, this is an indication that it was overpriced and may have missed out on serious buyers.  Re-evaluate the market analysis with your agent and be realistic about your listing price.

Lastly, what was the feedback from the 2 showings you had.  It's critical to know what the buyers thought and what the agent thought.

Good luck,

Naima
  • October 16 2013
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Pictures are the main main way to draw in potential buyers!! Make sure you get some new pictures for your listing ASAP!!
  • November 01 2013
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Profile picture for mke poole
Naima,

Thank you so much for really looking at my listing and providing real feedback. I agree with you about the photos, I actually have provided my realtor with new photos that I took and hopefully we'll see these posted soon. I knew the quality of the photos wasn't very good once they were posted, however I didn't realize it had to do with how they were imported into Zillow from the MLS. I will talk to my agent today and see if they can post the new photos directly into Zillow and any of the other sites they are using.

We did receive feedback from both showings and both were older couples that loved the house, however because of the slope of our driveway decided to look elsewhere. I think we were priced correctly to begin with, however we figured that dropping the price 5K (Below Market) might help overcome the driveway which we are unable to do anything with.

Thanks again,
Mike P
  • October 16 2013
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Profile picture for ShaylaTwit
Usually it means that the listing is priced high... Pictures are VERY important.  I would say that those are the top two reasons.
  • October 16 2013
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It can be frustrating waiting for the right buyer to walk through your door. It does quiet down once school starts and we also don't see as much activity around the holidays as we do in the spring and summer.

That being said two showings isn't an incredibly bad response if you consider that there aren't as many people looking as there were in the summer. Try not to feel discouraged.
  • October 15 2013
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Profile picture for CallTheSisters
We don't know the activity level in your market or the saturation rate.

Two showings could be reasonable.  Once school started we saw a quick decline in buyer interest.  Perhaps your market is experiencing the same sluggishness.
  • October 15 2013
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Hey your house is very nice. So, it must be the marketing or lack thereof for your home by the agent and his office that is keeping actual showings to a minimum. Because once they see the inside, I think getting offers won't be a problem. But have to get them in there.
So, get with your agent and see how he or she is promoting your home to the public.
As one agent put it, underexposure could be the culprit. Seems to be prices decently.
It's not a cosmetic problem from the outside so must be the media exposure to the public to analyze.
  • October 15 2013
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Profile picture for Hazel Hunley Team
That is not such a bad response.
  • October 15 2013
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If your home is on the MLS in your area and has only had two showings in today's market, most likely it is either a very unique home to the area or it is overpriced.  The rule of thumb that I use is that if a house is on the market for 2 weeks with less than 10 showings, it is overpriced for its current condition.  I know it is tempting to price homes based on what we want to profit after the sale, but really, homes will not sell unless someone is willing to pay the asking price.  If a house is really unique to an area, I suggest that sellers pay for an appraisal up front to support the asking price.  This will cost you only a few hundred dollars and will give you the peace of mind that you will be marketable and priced right to sell.  
  • October 15 2013
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your home looks beautiful!  However, real estate is a market driven business.  Us as agents do our best to price a home, but it is our best estimate compared to other properties similar to yours on the market.  Your home could not be getting showings for multiple reasons.  Underexposure, overpriced, or just the market in your area is restricting some buyers that otherwise would see it and most likely buy it.  Real estate is a very fickle game, even when the market is up, some places do not show that as well as others.  Good luck!  I hope you get your home sold
  • October 15 2013
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First, I suggest that you ask your listing broker. Only agents very familiar with area where your house is located, can advise.
There can be various reasons why the house has few showings: high listing price, difficult access to property, oversupply in particular area etc
  • October 15 2013
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