As with most things in real estate, there is no way to predict what will happen! You may not have as much traffic through your home, but as long as your home looks great and is priced well, it will sell. Your agent may create virtual or printed "feature" sheets that showcase your home's features to advantage, so buyers can remember it was your home they liked best when it's time to do side-by-side comparisons. They are in a better location, or superior condition or they're priced more aggressively. The big day is finally here — the day your home goes on the market and is open for all to see! Check to make sure your showing instructions are not off-putting in any way (such as very limited hours or requiring 24 hours’ notice). Forgot It's natural for showing activity and offers to drop dramatically after your home has been on the market for 30 days. As you have had no showings, it indicates the Realtors are ignoring it and showing other homes. Houses fresh on the market generally experience a large amount of showings within the first few weeks of being listed. I have always told my sellers that if you are in a good market and you have 10 showings and no offers, it’s time to lower your price. Open house is Sunday. Soon after your home goes “live,” you should begin to receive showing requests through whatever arrangement you have set up with your agent. You and your agent can review offers Monday evening or Tuesday afternoon to do a true “apples to apples” comparison of the various offers and allow very interested parties time to do due diligence in order to to possibly waive or minimize contingencies. Perhaps you can do a little more to spruce up your home's curb appeal, or perhaps stage the interior to better advantage. Houses near by seemed to be selling fast and a lot of them were advertised with Purple Bricks. Based on 12 showings in a month our data would tell you to adjust the price 4% to 8%. If you have had showings your REALTOR should find out why there has been no offers. They are in a better location, or superior condition or they're priced more aggressively. No showings means people look at the listing and reject if from what's there. The market had picked up hugely locally, and houses are now selling in days. ... but the condo market sucks right now. No interest. That will give you an idea of a timeline. Your agent will either take photos, or schedule a videographer to help market your home with photos and video. If your house has had little traffic (and isn’t in shambles) then you may need to reduce the listing price. Sign up here. Should she accept the full price offer that came in the Saturday before the open house? All of this is compounded by the fact that our agent has been out of the control for almost 1 month and we are dealing with her backup. The realtor did a market analysis. It’ll be like this til Q1. Good post Jeff! Potential buyers are “circling” but no one is making an offer. However, in many cases is DOES make sense to wait. Take a close look at how your home appears online – both the photos and the copy. If you aren’t seeing anywhere near this level of interest, you might want to consider discussing it with your agent. Click here to, Why Home Buyers Should Hire a Professional, Use Corporate Sales Strategies to Sell Your Home, Think Curb Appeal When Remodeling to Sell. Interest wanes as buyers purchase other homes. Then after you should get 1-2 showings per week. What did you do wrong? We’ve helped hundreds of clients successfully sell their homes in these scenarios (and many more!). The house where you’ve created so many memories – your home – isn’t only not valued by others in the same way as you but isn’t even worth seeing. Your home has not had any interest in over a week on the market, indicates your home is priced so far out of market that people are ignoring it. And our market is hopping right now, so most houses under $200k will have many showings (at least a dozen, maybe 20 or more) and multiple offers in the first few days. Which is Best: Freezer on the Side, Top, or Bottom? You may be in a buyer's market with many homes for sale. While your listing is being prepared for marketing, your agent will contact his or her buyers and inform colleagues of the new listing. Required fields are marked *. Qualified buyers are from our sales team or our City-wide network of agents. Take your pick! But I believe it is slowing down in other places. If you have your home priced at $250,000 and you get no showings, you're probably over-priced for your area. I would expect more than 1 viewing in the first week … They are motivated to get your home sold as fast as possible without compromising on the price. We put our house on the Market mid to End august this year, we didn't have any viewings for the first 3 weeks, we also had the same concerns as you! Don't lose your advantage by overpricing or underpreparing your home for market. Anyone who is interested in homes in your price range and area will know your home is available for sale within the first two weeks of marketing. Why? Potential buyers are “circling” but no one is making an offer. Most likely, its over priced. No one is at work bragging how their home has been on the market for 120 days with 3 price reductions! Studies have shown that the longer a home is on the market, the … We were going out of town for the week to house hunt in the new location, so the house would be empty and the dog kenneled. Showings = Offers, No Showings = No Offers. Your email address will not be published. People think they may want it for that price, but not after actually viewing. Other data such as mapping, satellite image, neighborhood information, tax roll data, school information and other data will be added to your listing so that buyers can get the full picture of what it's like to live in your home. Has there been little or no interest in your home since it hit the market? If you were priced totally too high, you would not see showings. But why? Our house been on the market for 1 month with no showings yet does anyone out there having the same problem? If not, it usually means price is the unspoken objection since buyers are comparing your home to others and found it too small, unique, dated or “far out.”. Well, in five days, we had 2 showings. Houses fresh on the market generally experience a large amount of showings within the first few weeks of being listed. Alternatively, if you're priced at $250,000 and get 20 showings but no offers, you're most likely over-priced." We put our house on the market the first week of May. Homes first going on the market are compared to a first date, must look good, smell good, best appearances count. We had a feeling there would be a lot of people through the open house but probably not too many serious buyers (more looky-loos and neighbors). Plenty of showings with no offers=slightly over priced. The short answer is, it depends. I’m getting very slow, sporadic showings on listings. Took 10 weeks to sell. I remember one lady that had dozens of times during the week that her home could not be shown. Sign up below! Your agent may also put your home in their personal marketing tools such as e-magazines, newsletters, or email alerts to prospective buyers. Anything less than that your house is not being marketed to sell. We listed in February (Tucson) - had first showings within a few days of listing. Priced properly a new listing will get multiple showings within a week of it going on the MLS . Your agent may advertise your home in a number of places, including the local newspaper and homes magazines. Typically, the homes we see selling in the first weekend are in hot, walkable locations, near Metro, and/or staged to perfection! No showings. Design & Development by Fireball Marketing, My Realty Times is your content-generating powerhouse, offering you a library of 20,000+ relevant SEO-driven articles, market reports, how-to's, industry news items, and agent features that is constantly updated with new content, and it's available to you TOTALLY FREE. How Soon Is the First Showing After Listing a House?. But deal with it. While an oversaturated market can sometimes slow a sale, there are numerous other factors that can either hurt or help your success as a seller in the housing market. These days, we are only seeing multiple offers on homes that are in super hot areas or priced incredibly well. 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