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Updated almost 10 years ago on . Most recent reply

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10
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Dennis Lau
  • Norman, OK
0
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10
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average of one showing per week, and no bite?

Dennis Lau
  • Norman, OK
Posted

My home has been on the market since May.  We didn't get much feedback until about 3 months ago when I lowered the price to about 88/sq feet.  On a given week, it is one of the lowest price on the market in my neighborhood ( my source is zillow).

According to Zillow, I have about 63 people 'favorite' my home, and I now get around an average of 1 to 2 showings per week.  This has been going on for almost 2 months now.

So obviously, there is interest, but no one is offering.  I have only had 2 offers so far.  I one offer but they had a contgency that they sell their home first.  This is pending.  The other offer, would have net me a negative 8000, which I couldn't accept. 

I don't know what else I can do to sell the house and minimize my losses or out of pocket expenses.  

Staging: The home is currently empty so it's not the issue of it being 'messy'.  is it worth the effort to pay to stage the house?

upgrades: it's a basic home. 3 + office, 2 bathroom, carpet, stainless steel appliance, laminate countertops.  I know there is an opportunity to upgrade, but will it make a huge difference and worth the cost?  The current sale price(after agents commission) will already net me a negative 3000, and like I said, it's already the lowest priced in the neighborhood.

the entire backyard fence is missing.  This is due to my recently evicted tenants.  Is it possible that the missing fence is turning people off, even though the price is so low?

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