I just had a listing at $375,000. It got tons of showings but no offers. Whe we reduced it $364,900 we got 3 offers and it sold at $358,000.
Good luck. September brings out more buyers. August gets slow because everyone is on vacation and getting ready for school.
Most of the time when you have many showings it indicates that the property has issues. The feedback you receive may not be completely honest . There are three reasons homes don't get offers. 1. The property is overpriced for your current market. ( Have your agent give you a market analysis based solely on recent (IE: last 30 days,) similar sold sold listing in your neighborhood to find out.)
2. The property has issues that can't or have not been corrected to appeal to potential buyers. Either street appeal or interior issues.
3. Buyers are not interested in your area due to other concerns. ( This does not seem to be the issue due to your showings.)
Have your agent follow up with a phone call to agents who have shown your home and request honest and direct feedback from the agent. Make sure you get the other agents opinion of your property. Taking your home off the market may not be your best option if interest rates go up in the future. Have a frank discussion with your agent and develop a plan. Fine tune your marketing and review all options that may increase your chance of getting a great offer on your home. When you make price changes if necessary, don't do it in small increments and chase the market. Position your home as the market leader. Hope this helps. I wish you all the best.
Tom Brady SFR, e-PRO, SRES, GREEN, BPOR
Lic. R. E. Salesperson
Notary Public, Retired N.Y.P.D. Lt.
http://www.BradyFamilyRealty.com http://www.SuffolkFreeCMA.com http://www.NassauFreeCMA.com
#1 Listing & Selling Office on Long Island
Charles Rutenberg Realty, Inc.
255 Executive Drive - Suite 104
Plainview, New York 11803
Check those suggestions I made if that doesn't help start looking to see if sprucing up the house would help or lower the price.
Is the house well staged?
Ask your Realtor to provide you with a new set of recent solds (no further out than 90 days) in the same zip code and same school district. Perhaps your price is still too high.
It's always the price.
And a deal could not be put together.
There is most certainly something WRONG!
Share with us what the 'buyer' feedback was?
Your agent did get buyer feedback to reveal why thes interested parties did not present a purchase offer.
Give us the rest of the story.
I had a long lived listing that went under contract after many showings. The cause was the community. The buyer was risk tolerant. Sometimes you just have to wait or take a beating on the price.
So, what the rest of the story?