Again, if you are getting showings but no offers, you may just be 3-5% off. So after 30 viewings, this gentleman should have had say, 5 second viewings and three offers, of which the last should have been high enough for him to accept. There have been 26 showings in that time, 3 of which were yesterday. That said, lots of showings no offers ALMOST ALWAYS MEANS THE PRICE IS TOOOOO HIGH! Offer a Competitive Buyer’s Agent Commission. What could be the reasons there are no offers? Size is sometimes an issue too...rooms look much bigger in photos. If it is still sitting after all that, that points to price. maltahami. Showings = Offers, No Showings = No Offers. Date Posted: 28 July 2017. Disclaimer: ActiveRain, Inc. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. Has something major shifted in your market? Partner Agents are top-rated real estate agents from major brands — like Century 21 or Keller Williams — who are experts in their local markets and the value of homes in the area. A few people complained about a Disney mural the seller had painted in her kids room but we added a remark that they'd repaint at buyer's request. Work with your real estate agent to identify the most bang for your buck. They offer the same full service as other agents, the only difference is that they have agreed to work for a flat fee of $3,000, or 1% if your home sells for more than $350,000. Let's get the job done together. IF you get showings, but no offers: This is a little more tricky. Other Tips for Sellers Leaving the house before a showing might be the best advice those selling a home can follow, but there are … It’s also worth noting that if your home isn’t being shown, the problem could be your listing. Clever’s Concierge Team can help you compare local agents and negotiate better rates. You’ve had tons of showings but no offers. Ask for honesty and don't be defensive. While open houses probably won’t do any harm, they draw in more tire kickers and nosy neighbors than buyers serious about submitting an offer. Have a blessed day. Now, if you have a gazillion dollar house or something very unusual like a 3000 square foot tree house on 10 acres in the middle of downtown, you aren’t going to get many showings anyway since the buyers for those properties are few and far between. Here's the Bottom Line. We put our house in Edmond, OK (a suburb of OKC) on the market in July. “If you haven’t gotten a contract after six showings, you’ve got to go back and see where the weakness is,” says Sissy Lappin, a real estate broker in … We dropped the price $10k. Thank you for sharing this, much good advice is within this post. Use your neighbors — who has a greater interest in ensuring you home gets sold to great new owners? I'm a pessimist so i always panic and think negatively. We agents wants lots of showings as it exposes the property to more buyers, but we also want the right buyers. Homes first going on the market are compared to a first date, must look good, smell good, best appearances count. Is the home bright a cheery inside and smelling good? I've already posted about this once before in this sub so my apologies if that's not allowed. Their individual commission on your $200,000 home will be something like $6,000 before broker’s fees. A little constructive criticism can go a long way. If you’re not getting any showings at all, … Does the buyer leave with a favorable impression? It's not so much the 4 days that is bothering me as I read the average time to sell a house (get an offer that is accepted) is about 30 days. They went camping and were out of town for four days the next week. A slightly overpriced home may indeed get showings, but NO offers. Yes, it’s annoying to have to leave the house at a moment’s notice because an agent has a client eager to see your home. If you have a house to sell, and you are getting showings but not offers, you should consider dropping the price of 3-5% to see if the perceptions of buyers change. We completely understand how frustrating selling your house can be, particularly if your property has been on the market for a while, but you are yet to receive any kind of offer. A Tip On How To Get Offers When Showing Your House Once you have decided to sell your home, there are a couple of steps you have to take. Sadfy many Realtors know the price a home will sell for, based on comparison sales in the area. They’ll take into consideration important details about your home like recent renovations and repairs, then determine a listing price based on nearby homes in similar condition. I strive to be the one who is beating the competition. The house is a 1,875sqft 4br/2ba with a front yard, back yard, carport, porch and back patio with built-in firepit. It's time for a re-evaluation and here are some areas to check out. I tend to lean on the side of condition because if it were strictly price there wouldn't  be so many calls for showings. So, you’ve spruced up your home and got it sparkling clean, put in on the market, and even had loads of people at your open houses! Advertise a limited-time offer that buyers can snatch up if they act quickly. We have found a house we love but in order to offer on it we need to get near our asking price. If you are showing your house but have no offers, you might not be priced correctly. If you’re not getting many showings, you may be 5-8% off. Give the listing agent showing feedback. If there are showings, but no offers, a 4% price reduction may be in order. Had a recent sale in a neighborhood some a couple that are lingering on the market in a area that is usually on fire. 6. Subject: Open House visitors and showings, but no offers. You’re thinking too hard! Your listing description should be accurate, even if there are undesirable aspects. Showings started slow but picked up after a while yet after a month, we had no offers. We have had no offers. But, if you have a major issue like foundation damage that may hold your home back, consider remedying it — buyers don’t want to think about forking over the cash for the fix on top of purchasing the home itself. If your home is in a popular price point, getting lots of showings and agents are asking the appropriate “pre-offer questions” it’s best to wait until after the weekend to review offers. If there are showings and perhaps an offer that did not come together, a 3% price reduction may be in order. Is the neighbor's home or neighborhood be the problem? If you’ve had a few showings, but no offers, that’s the market telling you that the house is interesting enough to come see, but not enough of a value to bother making an offer. Could some professional staging be needed to show the possibilities the home has to offer? The fact that your home is getting showings is promising- it means that there is something about your house that is attractive. When there are lots of showings and no offers, this is a red flag that there is a problem and the problem must be addressed or the seller's property could actually lose value by extended market time. Home was priced right and showed okay. It is a conundrum. Typically, the homes we see selling in the first weekend are in hot, walkable locations, near Metro, and/or staged to … “If you have had a lot of showings with no offers, it is a pricing issue. Remember that, in addition to an attractive price, buyers want to see a well-presented home and beautiful, high-quality photographs. I, If you haven’t yet begun working with an experienced, local real estate agent, now is the time to call on their expertise of the market and their honest opinion of why your home isn’t drawing any offers. Ultimately, beating the competition is so important. So we went … A virtual or remote showing is a live, hosted house tour over a platform like FaceTime or Zoom. How commissions are split is something listing agents agree to with sellers; it wouldn’t hurt to consider adding an incentive. Additionally, the terms of the offer were excellent. Why are the buyers rejecting the home? We have had our house on the market for nine months, numerous showings but no offers. Finally I got one showing agent that told me "They really liked the house but not the appartments behind it". Finally, for the lower end of the price range, eight to 12 showings per week in the first few weeks indicates that you are priced correctly. Remove them! It seems to be a nice middle of the line price. 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