The market is talking so loud that you cannot hear it.
I don't know your property's market, however in my book showings with no offers means the price is too high.
Reduce the price by 5% and see what happens...this is assuming that the property has no other issues (condition, staging, marketing etc.P.
I sell REO properties (foreclosures) for a large bank and I am getting many more showings and offers on those properties that I am on my non-foreclosure residential properties. While my residential properties are priced pretty well, buyers seem to really think that they are automatically getting a great deal on the foreclosure properties.
A couple more things to consider would be declining prices and a slower season. The longer your home is on the market, the better the odds are that you will sell at a lower price in the future. While it may not feel great to lower the price, it may get sold faster and for more money than if it sits for a few more months. Also, the holidays are around the corner and that does often slow things down a bit as people get busy and do not want to be moving in the middle of the holidays.
I hope that helps a bit and best of luck getting it sold!
Sorry on to the answer, I would say if there is people coming thru and more than once, you must have a nice Home to sell, but right now people are looking for that really good deal or maybe they are not quite qualified for that amount, so lowering the price might bring the person thru that can qualify for your home.
Hope this helps.
You are competing with the buyers own mindsets that it is a buyers market and that they are in control. Even if you are in one of the few metro areas of the country that have not suffered from the real estate downturn, the perception is universal. -
Buyers don't want to pay a correct price, they want a discount.
- If you are in a typical metro area with declining prices, then you have to outcompete the other homes for sale to produce offers; the obvious way to do it is with the price reduction. Sorry.