1. The very first thing you need to know is how many comparable homes in the competing area sell each month.
2. The second import fact to know is how many comparable homes in the competing area are for sell.
3. If two home a month sell and there are 10 competing home, you can be confident the actual (real) buyers saw ALL of the homes. The average buyer in Tampa will look at 16 homes before purchasing.
Now there are a bunch of folks who are looking but unable to buy for many reasons. Including this group, effective marketing will result in monthly showings equal to 10 times the number of monthly sales. (there is more than one attribute that would equal a showing.)
If your home is swamped with comparable homes in the same area there is a likelihood #3 won't apply. For instance your home is one of 200 for sale in a community of 2500 like homes with 3 selling each month. In this case the marketing of your home can not be passive. MLS and Realtor.com will prove inadequate to overcome this situation in a timely manner. Consider options that provide risk aversion, collaborative value, professional incentives, or regional poaching. There are many options but the situation must first be appraised before the appropriate plan can be implemented.
What we don't know is if there may be parameters you inadvertently communicated to your real estate professional.
Did you say,
-"I need to net X amount."
-"I'm not in a hurry.?
-"I'll wait for that special buyer who is willing to pay my price' For special properties such as waterfront or celebrity homes it may be worth waiting for that 'fall in love' buyer.
-"I'll start packing when we I accept an offer."
-"I need 48 hour notice for showings."
-"Offering a concession for the worn carpet should be good enough."
Assuming none of the above poison pills are in play, sometimes you just need to wait, especially if the results are in line with your market conditions.
Again, look at the results.
During the first three weeks we like to take advantage of the WOW factor:
You didn't mention Open Houses: I am a great believer in Open Houses with lots of signs, great staging and the smell of bread or cookie wafting through the house.
Have you done a Broker's Open House; the same things apply.
Good luck and may God bless
ps. we are seeing an increasing market in some areas.
I've read the answers from the other RealtorsÂ® and all the points are valid and useful. Is "the house shows well and is priced under market" your opinion or your agent's opinion. I suggest you sit down with your agent and have a professional business meeting and "discuss" your results and options. Find out what the potential buyers are saying and deal with that. Get right to the heart of the matter. If you do not have a good communication process with your agent, that is another matter.
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
William Raveis Legends Realty Group
Best of Luck!
Prudential Fox & Roach
Is your home all ready listed with an agent? If so, your question is a little late and should be presented to them prior to commiting to them and their company.
If you are currently considering listing your home, you would be well advised to request an in depth written comprehensive marketing plan for your specific home. This should include both agent and company initiatives. It would be reasonable to expect that a plan would include: a marketing budget, open houses, local advertising, internet advertising, services provided to customers, information about the company referral program, how buyers are attracted to them, knowledge of your particular market, etc.
A reasonable question to present any agent would be: How long will it take you to sell my home and for what price can you sell it?
Eli Givoni, Director
Short Sale Department, LLC
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Short Sale Department, LLC is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.