You are in my market area. Across Northeast OH area, from my observation & those with whom I speak, the main issue is that when you are having plenty of showings & no offers, the price is too high. I have experienced it recently with 2 of the listing I have. You said that your agent works hard. So, have a frank discussion with him or her about lowering your list price. Really listen to what he or she suggests as the new list price. It has to be a significant reduction in list price to reach Buyers who are in your price range. And, it has to be a significant reduction for your Realtor to be able to market your home as if it is a new home on the market.

The answer is what your seller does not want to hear. Lower the price. Most of the times, the price is probably the issue.

If you've had showings, call the Realtors who have shown your listing and ask them for a very honest opinion. Listen very carefully to what they are saying,

Is your listing getting as much exposure as possible -- internet links, open homes, etc?

I woud suggest that you keep generating comps for the Seller. Provide the Seller with weekly comps if you can. Show the seller the facts. what has sold, what has become pending, any price reductions. Where does your listing fit in the price range?

If the Seller refuses to bring the price comparable with the rest of your market, then you have some choices: Do you want to keep the listing? Do you want to say 'bye-bye now' and use your energies on listings that will be realistically listed and have a chance to close?

I've learned that brokers do not have a magic wand that will automticaly sells homes. Realistic pricing is what does it.

Good luck.

Hello Guy and thanks for your question.

Bill is absolutely correct. In today's "short sale/bargain foreclosure" world of real estate, the number one concern is about the "price" of the home. Obviously, people are interested in the home, but in order to put "pen to paper" so to speak, the price has to be commensurate to what a buyer is willing to pay in this market.

If your home has been on the market for a long time (for example 60-90 days), your listing may also have become "stale". Your best opportunity to sell the home is shortly after listing the property, and if the property is priced right, offers should be coming in during that first week.

As you appear to have confidence in your broker, take some time to sit down with him/her and talk about the marketing of your home. Certainly the broker (if he/she has been attending the open houses) may have some feedback from clients about the home, and this will help you better strategize on the best plan and price for your home.

Good luck!!

Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty

Guy,

There is a very basic rule......if you are getting showings but no offers "lower the price"
If the home is getting attention from potential buyers it has appeal that is attracting the public to it. Unfortunately, once it is seen there is a reason why people are not making offers.....this is generally associated with pricing.

Good luck