Marketed but No Traffic- What else can we do?

Zeboman
Home Seller
45069

Our listing agent has our property on nine different online sites, has had an ad in the Real Estate Book, and local paper. We have been on the market for almost 60 day and have only had six one-time showings. We just lowered our price 10k on Friday and didn't have a single showing all weekend. Our house is VERY competitively priced and has tons up updates (more than our competition). Our LP is now what we paid for the house in 2003. Plus we've spent a lot on landscaping, flooring, kitchen remodel, bath remodel etc. WHY ARENT WE GETTING ANY TRAFFIC!!!
What else can we do? Are there any other reasons but price that we wouldn't be getting more people to look? How do buying agents select properties to show their clients?

Answers (2)
Scott Baker, ABR...
Agent
West Chester, OH

Without seeing your home, and without knowing which websites the home is being advertised, it is very hard to say what else is needed or what can be done differently.
But you know this, in this market, you MUST be marketed VERY aggressively.
Exactly what is your Realtor® doing?

Mon Jun 29 2009, 11:31
Jeannine de Alw...
Agent
Naples, FL
FIRST ANSWER

Dear Zeboman
You are correct about price being very important in this process.
Did your listing agent do a CMA for you?
The competition (homes currently on the market) is an important factor, but you should also carefully study the SOLD homes in the area. That way you can see what buyers are actually prepared to pay for a home in your area.
So when was the last house sold in the neighborhood? For how much?
What else is going on in West Chester? Ask for statistics about sales over the past couple of months.
What are the trends?
How many pictures are there of the house on these different onlne site. Realtor.com can take 25 pictures if the listing agent has the enhanced version.
Do you have a visual tour of the house?
And finally, although the first couple of weeks are important when a listing hits the MLS, it DOES take longer to sell a home today.
Good luck to you

Jeannine de Alwis, GRI
Realtor
Prudential Florida Realtor
Naples, FL
Email: alwis@comcast.net

Mon Jun 29 2009, 11:15

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