BEST ANSWER
Dear Newonthemarket Seller,
6 days please do not be anxious... We are in a buyers market, which means there are many more properties available for a potentially interested buyer, and approved buyer to select from, even just to select to see!'
And 6 days in today's market is nothing to be concerned about....
may be you should connect with your listing agent and ask him/her what currently the inventory situation is.
Your Agent can easily select similar homes to yours in size and a bit expanded price range, in your area and potentially depending on your location, surrounding areas, and then take the number of recently sold homes over the last let's say 6 months, and figure in the similar properties currently on the market - that calculation would give you a time frame for how much inventory is on the market and how long it may take for your property to sell!
Just an example for you, let's say during the last 6 months similar homes at a similar size and price only 3 have sold during the last 6 months, and there are currently in your immediate area and the surrounding areas (you know buyers look around and these days they are looking for the very best and the very lowest price and I am sure your area is not exception!) about 12 similar homes on the market all competing with yours... This would mean that your area has 24 months i.e. 2 years of inventory, and nobody can tell you whether yours will be looked at or get an offer within the first 6 months or the last 6 months....
The only thing that can improve your odds is a perfectly prepared and updated home, and the right lowest possible price you can live with, and some inventive marketing, but your agent will know what could work in your area. Although, with so few buyers, qualified buyers out there, you may still have to have patience.
Give it another week and then discuss with your Realtor, the inventory situation in your area/&surrounding areas.
Hope this helps a little.... You will need some patience or you need very aggressive pricing but then I assume you discussed all that with your agent already.
Good luck to you!
Edith Karoline YourRealtor4Life!
working always in the very BEST interest of her clients...
EdithSellsHomes@gmail.com
PS By the way if you know of anyone moving to the larger chicagoland area, or thinking about buying or selling real estate in Chicago, or anywhere in Northern Illinois, the North Shore etc. send them my way and they will receive 1st class real estate service. I promise! THKS
Tue Sep 15 2009, 12:09