Real Estate Agent · Pensacola, FL · Member since 2014 · 379 posts · 307 votes
I had my house on the market from June - October last year and never got an offer that I was willing to take. I took it off the market for the winter and replaced the carpet, painted the outside(it's stucco) and did a few other things before relisting it in March of this year. I've had about 25 showings but no offers. I haven't had any feedback that the price was too high but I dropped it after 45 days anyway to try and increase the activity and generate an offer. I'm motivated to sell because I am in the middle of a major flip and I closed on my first rental property yesterday(a fourplex) but I can't keep dropping the price because I used my equity to start other projects. So, needless to say, I have plenty of irons in the fire and would like to get rid of my biggest obligation and free up some cash. Is it unusual to have so many showings, with generally positive feedback, and no offers? What can I do to help my house sell? MLS # 517196
Residential Real Estate Agent · Bethesda, MD · Member since 2015 · 87 posts · 28 votes
11y
@Matt Jones you have a MLS number which means it is listed with a Realtor. What is your Agent telling you or are you the LA also? If your LA is not giving you any advice or suggestions as to what is going on then that is a major problem. As for the offer you got and where not willing to take, why? Low balls, etc. I believe and always try to work the 1st offer (when it's not a multiple offer situation and the seller is anxious to sell) as much as possible. If you have had multiple offers, that your Agent could not negotiate for you then you have to ask yourself are you being realistic in your expectations. Good Luck
Kalamazoo, MI · Member since 2014 · 224 posts · 129 votes
11y
The number I have heard is that if you are priced right you should get one showing per week on average and one offer per 10 showings on average. When a house shows really well it should sell fast. If you have had that many showings, there is something wrong with the house. I've had two houses sell on the first day on the market to the first showing. Really you just need to check out your competition and see where they are priced, not just the houses listed but the ones that are actually selling
Investor · Sarasota, FL · Member since 2008 · 17k+ posts · 17k+ votes
11y
Why isn't it selling? What is the feedback you're getting from buyers and from buyer agents? If you decided to replace the carpet and paint the exterior after having it listed for 5 months, what other basic cosmetic upgrades are you neglecting to do (new carpet is seems like a no-brainer BEFORE the house gets listed for sale)?